The Maritime
Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%Dry Bulk Freight Index3,056 +4.4%Capesize5,033 +6.3%Dirty Tanker Index2,801 -0.1%Panamax2,246 +3.7%Supramax1,643 +0.1%Clean Tanker Index1,353 +0.0%Handysize880 +0.3%
Fleet Intelligence

Fleet Deployment

How hard the world fleet is working right now — operational speed versus design (slow-steaming) and the share of tonnage sitting idle at anchor or in port. Derived live from AIS, by segment.

Netting slow-steaming against idle tonnage, tankers are working their fleet the least — 68% of design speed with 44% of tonnage idle — while bulkers work theirs hardest, 80% of design speed with the lightest idle (37%).

9,936
vessels tracked (24h)
Market IntelligenceSnapshot · 27 Aug 2026

Effective supply withdrawn, by lever

Each segment's nominal capacity currently held back — slow-steaming netted against idle tonnage — split into the two levers, which sum to the total. Longer bars hold back more; the colour split shows by which lever, so two near-equal bars can withdraw the same supply by opposite means.

Read as a share of each segment's nominal (design-speed, fully-employed) capacity: the two levers — speed lost to slow-steaming and tonnage lost to idle — sum exactly to the total withdrawn. Speed is the design-capped index. Bars marked * rest on a thin or weak-bimodal speed sample — a less firm read.

Slow-steaming

Mean operational speed of the underway fleet against a vetted per-segment design speed. Below 100% means the fleet is slow-steaming — withdrawing effective tonne-mile capacity, a key supply lever brokers watch.

Bulkers
80%
of design speed
10.8 kn / 13.5 kn
Tankers
68%
of design speed
9.9 kn / 14.5 kn
Container ships
62%
of design speed
13.1 kn / 21.0 kn
Gas carriers
85%
of design speed
13.6 kn / 16.0 kn
low speed coverage (n=30 fixes)
Other cargo
83%
of design speed
10.4 kn / 12.5 kn

Operational vs design speed

Mean underway speed (SOG > 3 kn) vs the segment design reference, knots.

Bars show the raw mean speeds; the slow-steaming % above is capped at 40–120% of design for robustness, so a segment sailing above its design reference can read 120% on the KPI while its operational bar tops the design bar here.

Idle & anchored tonnage

Share of each segment's tonnage not steaming — at anchor, moored or stopped. High anchorage near load/discharge ports signals congestion (latent supply); widespread offshore lay-up signals oversupply. The signal is the change over time, not the level.

Idle tonnage share

DWT-weighted, by segment.

Where the idle ships are

Vessel count at anchor, moored in port, or stopped offshore.

Ballast ratio — tonnage sailing empty

A ballast vessel is running light, empty and seeking cargo — the classic tonnage-supply signal. Each ship is referenced to its own observed draught envelope (the deepest and shallowest it has ridden on AIS), so no unreliable registered draught is involved. A rising ballast share means more effective tonnage chasing fewer cargoes — a softer freight market. Tracked from 55 days of operational-draught history and growing.

Bulkers
49%
in ballast
-3.4 ptsover window
n=1133 ships
Container ships
41%
in ballast
+2.7 ptsover window
n=379 ships
Tankers
54%
in ballast
+4.5 ptsover window
n=241 ships

Ballast share over time

Daily share of tracked vessels riding in ballast, by segment.

Method & caveats

  • Slow-steaming is the mean AIS speed-over-ground of vessels making way (SOG > 3 kn) against a vetted per-segment design speed — not inferred from the noisy live feed. The mean is taken over that underway subset, which is smaller than the n fresh speed fixes shown on the coverage badge (a segment mostly idle at anchor rests on fewer underway samples). The index is capped at 40–120% of design for robustness.
  • Idle share flags vessels at anchor or moored (nav status) or stopped (SOG ≤ 0.5 kn), cross-checked against speed. Anchorage near ports is congestion (latent supply), not lay-up.
  • Ballast ratio references each vessel to its own observed operational-draught envelope in AIS voyage history (min→max), so it needs no registered draught: a ship near its own minimum draught is in ballast, near its maximum is laden. Only ships with a real observed range (≥ 2 m, ≥ 5 readings) contribute, so it's a representative share of active tonnage — never extrapolated to the whole fleet. The signal is the change over time.
  • A live AIS snapshot, refreshed daily. Week-on-week deltas use the rolling snapshot history.
  • Demand (ton-miles) is out of scope here — these are supply-side deployment signals only.