The Maritime, the intelligence layer of global shipping
The pictureLivepositions as of 11:15 UTC
The intelligence layer of global shipping.
Global trade is decided on the water long before it reaches a balance sheet. Fleets are capital in motion. Ports are chokepoints of profit. Every voyage is a position.
The freight board
The headline indices, priced every trading day and rebased so they read against each other.
Rebased · change since first reading
1 Jun 2026 to 14 Sept 2026
- Dry Bulk Freight Indexup +6.9%
- Capesizeup +7.6%
- Panamaxup +4.8%
- Supramaxup +9.4%
- Dirty Tanker Indexup +98.8%
- Clean Tanker Indexup +39.9%
Each index rebased to its own first reading, the earliest 1 Jun 2026. Oldest reading 14 Sept 2026, latest 14 Sept 2026.
The day
What moved, ranked by the size of the move. Every line is a live reading with its date; nothing here is written by hand.
- 01+50.8%Dirty Tanker Index at 4,325, up on the week
- 02−38.8%Coal down on the month
- 03+16.0%Clean Tanker Index at 1,837, up on the week
- 043Container tonnage reads slack: tightness index 3 of 1009 Sept
- 05−14.3%Bosporus Strait transits down against the prior 30 days, averaging 60 a day6 Sept
- 0639hulls score shadow-likely on the watchlist: TONG HUNG SAN, SABETTA and others15 Sept
On the water now
The latest load and discharge calls resolved from live positions, each at the hour it closed.
- loadGSL ELIZABETH at Ha Kwai Chung
- loadKEN FOREST at Vila Do Conde
- dischargeSIMON B at Gdansk
- dischargeADMIRAL NEPTUNE at Waterford Great Island
- loadWAN HAI A20 at PASIR PANJANG Terminal
- loadSEROJA LIMA at Port Polnochny
- dischargeTERN ISLAND at Sodertalje
- dischargeSTENA IMPORTANT at Barcequillo
An event is a call the position feed closed with a draught change; its confidence is stated on the vessel's page. Refreshed each minute.
The straits
Presence inside each passage beside its daily transit count.
108 inside · 63 under way · 14% tankers
as of 08:31 UTC
| Strait | Inside | Month on month |
|---|---|---|
| Gibraltar Strait Transits a day130 | 108 | +1.2% |
| Dover Strait Transits a day154 | 85 | -1.8% |
| Oresund Strait Transits a day42 | 76 | +8.1% |
| Bosporus Strait Transits a day60 | 28 | -14.3% |
| Suez Canal Transits a day42 | 26 | +1.8% |
Presence as of 08:31 UTC. Transits are daily counts averaged over the month to 6 Sept.TankersBulkersContainer shipsGas carriersOther
Queues building
Ports waiting longer than their own baseline, read as a percentile of the port's own history so a hub never reads as chronically congested.
| Port | Regime | Wait now |
|---|---|---|
| Kisarazu Ko Above baseline+0.7d7-day trend+0.4dWaiting9 | Elevated | 1.9d |
| Broadstairs Above baseline+0.5d7-day trend-0.4dWaiting5 | Elevated | 2.1d |
| Las Palmas Above baseline+0.3d7-day trend-0.1dWaiting9 | Elevated | 0.8d |
| Port of Haifa Above baseline0.0d7-day trend-0.8dWaiting6 | Elevated | 0.9d |
Nowcast as of 15 Sept. Each port's routing hint is on its page.
Tightness
Supply tension against demand pull for each segment, as a percentile of its own history. The regime is the read; the odds are the model's, published only where the backtest allows.
Sale and purchase
The latest reported deals, with the median secondhand price each asset class has cleared at over the last two years.
| Vessel | Price |
|---|---|
| Puffin Two TypeTankerDWT7,022Built2009Date14 Sept | $4.5M |
| PS Amalfi TypeTankerDWT108,958Built2010Date14 Sept | $45.0M |
| Green Adventure TypeTankerDWT114,319Built2022Date14 Sept | $83.0M |
| Kos TypeTankerDWT115,026Built2025Date14 Sept | $95.0M |
| Stella TypeTankerDWT164,714Built2011Date14 Sept | $80.0M |
| Seaways Sabine TypeTankerDWT158,493Built2012Date14 Sept | $75.0M |
Median secondhand price · 24 months
- Bulkers1,594 sales$246/dwt
- Tankers873 sales$376/dwt
- Gas Carriers29 sales$1,010/dwt
Fixtures
The latest charters reported across dry bulk, tanker and gas, with the rate as quoted.
| Vessel | Rate |
|---|---|
| DHT Panther TypeVLCCFixtureTime CharterDate15 Sept | $100,000/day |
| Olympic Trust RouteGulf of Oman → EastTypeOtherChartererIdemitsuFixtureTime CharterDate14 Sept | |
| Olympic Life RouteArabian Gulf → ChinaTypeVLCCChartererMercuriaFixtureTime CharterDate14 Sept | |
| Front Otra RouteArabian Gulf → JapanTypeVLCCChartererVitolFixtureTime CharterDate14 Sept | |
| Scio Spirit RouteNorfolk → UK-ContinentTypeHandysizeFixtureTime CharterDate11 Sept | $16,500/day |
| Fanoula RouteSW Pass → West MediterraneanTypeHandysizeFixtureTime CharterDate11 Sept | $20,000/day |
Rates are quoted as reported: tanker scale points, dollars per day or lump sum. Where the report named no hull, the row is headed by its route or cargo. The date is the day each fixture was reported; a row the report left undated says so.
Energy and commodity prices
Daily spot prices for the fuels and cargoes that set freight, with the day's and the month's move.
- Crude oil (Brent, spot)96.0$/bbl+7.0%30d +8.0%
- Crude oil (WTI, spot)91.5$/bbl+5.1%30d +11.6%
- Diesel/heating oil (NY Harbor No.2)4.63$/gal+5.4%30d +22.9%
- Gasoline (NY Harbor, conventional)3.20$/gal-9.8%30d +7.3%
- Jet-kerosene (US Gulf Coast)4.19$/gal+4.2%30d +19.5%
- Natural gas (Henry Hub, spot)2.90$/MMBtu0.0%30d +3.2%
As of 1 Sept · daily spot
Inbound now
Where the fleet is heading, resolved from live destinations, and the tonnage about to come open.
| Port | Inbound |
|---|---|
| Port of RotterdamNetherlands Tankers7Next15 Sept 14:14Nearest7 nm | 37 |
| Port of St. PetersburgRussia Tankers1Next15 Sept 12:00Nearest3,611 nm | 31 |
| Las PalmasSpain Tankers0Next15 Sept 14:14Nearest37 nm | 21 |
| Port of AlgecirasSpain Tankers3Next15 Sept 12:37Nearest2 nm | 20 |
| GdanskPoland Tankers0Next15 Sept 12:37Nearest3 nm | 19 |
| Port of Antwerp-BrugesBelgium Tankers1Next15 Sept 14:14Nearest22 nm | 18 |
| GibraltarGibraltar Tankers1Next15 Sept 12:37Nearest8 nm | 17 |
| Port SaidEgypt Tankers3Next15 Sept 14:14Nearest26 nm | 17 |
Live positions. Inbound counts resolve declared destinations to a port. Next arrival is the earliest estimate, UTC. Nearest is the range of the closest inbound vessel.
Risk
The designated fleet by regime, and the hulls the watchlist scores as likely to join it.
Under designation
990
vessels on an official list
- OFAC772
- Canada395
- EU364
- UK353
- Switzerland345
Current list, by designating regime.
Sanctions desk| Vessel | Score | Tier |
|---|---|---|
| TONG HUNG SAN TypeGeneral CargoFlagNorth KoreaSignals2 | 100.0 | Shadow-likely |
| SABETTA TypeGeneral CargoFlagRussiaSignals2 | 100.0 | Shadow-likely |
| SEVERNIY PROECT TypeGeneral CargoFlagRussiaSignals2 | 100.0 | Shadow-likely |
| OLINA TypeCrude Oil TankerFlagLithuaniaSignals2 | 100.0 | Shadow-likely |
| KWANG CHON TypeOil Products TankerFlagNorth KoreaSignals2 | 100.0 | Shadow-likely |
Scores as of 15 Sept. A tier is a probability band, not a finding.
Casualties
The latest marine casualties on record, with severity as reported.
- SeriousIndonesia Passenger Ship CapsizesVirgo Transport 8SinkingJava Sea13 Sept
- ModerateIranian commercial ship struck near Strait of HormuzOtherStrait of Hormuz, off Qeshm Island13 Sept
- ModerateTanker hit by unknown projectile in Strait of HormuzOtherStrait of Hormuz12 Sept
- ModerateRussia Hits Odesa Again As Black Sea Shipping DisruptedOtherOdesa12 Sept
Supply side
What enters the fleet and what leaves it: the delivery schedule by year and segment, and the price breakers pay per light tonne, by quarter and by market.
- Bulkers
- Tankers
- Container ships
- Gas carriers
- Other
Scheduled deliveries, million dwt, by year
Live book by segment
vessels
Median scrap price per light tonne, $/ldt, by quarter, 2023 Q2 to 2026 Q3
Breaker markets by sales · trailing 24 months
median $/ldt
- Vessels on order
- 1,556
- live book · 500 orders
- Scheduled this year
- 28
- 2026 · 2.8M dwt
- Median scrap price
- $496
- /ldt · 2026 Q3
- Busiest breaker market
- India
- $463/ldt median · 76 sales
Orders without a stated delivery date are not drawn: 28,837 vessels. Container capacity is counted in TEU.
The long view
The slow variables under the daily numbers, each in its own dated window, with the latest reading and the move across it for every trace.
% employed
- Bulkers56+6.1%
- Tankers56.8+18.4%
- Container ships61.7+23.6%
24 Jun to 15 Sept
Open the deskMt afloat
- Bulkers6.04+1015%
- Tankers3.69+460%
- Gas carriers0.02-65.4%
26 Jun to 15 Sept
Open the deskvessels
- Dover Strait85+27.8%
- Bosporus Strait28-18.8%
- Gibraltar Strait108+92.9%
17 Aug to 15 Sept
Open the deskThe desks
One desk for each seat where shipping is decided. Each opens on its flagship.
Chartering
Every dry bulk and tanker benchmark, with reconstructed time-charter earnings, read every publishing day.
Open the freight desk For shipowners, S&P brokers & asset managersOwners & S&P
Competing models argue every valuation; the consensus carries a confidence rating, tested against real sales.
Open the valuation desk For traders, quants & research analystsTrading
Every tracked price on one board: freight, bunkers and commodities, with their moves and their paths.
Open the price board For operators, agents & voyage managersOperations
The world fleet under way on a deep positional archive: arrivals, chokepoints and dark-fleet signals.
Enter the map For compliance, P&I & sustainability teamsRisk & ESG
Hulls ranked where listings, detentions, dark behaviour and reflagging converge, evidence-gated.
Screen the fleetIntelligence
Plain-language questions answered from live data, facts first, with the pages it read.
The register
The records behind every figure on this page, each one a page of its own.
Record counts as of 15 Sept.
The instruments
The calculations a desk runs before it commits: voyage economics, laytime, carbon, fuel, war risk and routing.
The Copilot
Plain-language questions, answered from the record.
Every answer cites the pages it read.
The credo
Our conviction is earned, not claimed. When the evidence commands a call, we make it, decisively. When the market itself doesn’t know, we are the first to say so, and the first to know when that changes.
This was not built for everyone. It was built for the desks where the industry is decided.
The morning briefing
Shipping markets, fixtures and port intelligence: one concise daily email, delivered before the market opens.