With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.

Oil is trading less on barrels today and more on Hormuz timing — every strike, counterstrike and closure threat pushes traders to reprice how long Gulf disruption could last.

Expect higher war risk costs, more cautious owners, possible Gulf demurrage exposure, delayed nominations and stronger freight ideas for any cargo touching UAE Saudi Qatar Kuwait Iraq or Oman.

Settebello (IMO 9162916) incident turns the Gulf risk picture from political tension into live operational danger, with US forces now disabling non-compliant tankers and crews being caught directly in the escalation.

Baltic Dry Index extended its decline falling about 1.7% to 2,771 points.

MSC Mediterranean Shipping Company is pulling further away from Maersk by choosing fleet scale, while Maersk has capped capacity and focused more on integrated logistics renewal and decarbonisation.

Officially, Europe may be working to eliminate imports of Russian liquefied natural gas, but that is not the short-term trend direction.

Exmar has announced the delivery of the MGC Antwerpen, the world’s first oceangoing vessel powered by a dual-fuel ammonia engine.

India’s green-fuels push is moving from policy to corridor-building, with Andhra Pradesh and Sri Lanka now being positioned as a potential test bed for sustainable marine fuel supply in the Indian Ocean.

Rail cargo is becoming the next strategic front as CMA CGM and MSC push harder into inland European logistics: Shipping Watch

Sanctions are moving beyond the ships themselves and into the service layer, which could make compliant bunkering, support and offshore services more expensive.

Toll Group has chosen continuity over disruption, appointing an internal MD as it looks to steady the group and sharpen its next phase of logistics growth: Shipping Watch

Hafnia’s stake in Complexio is starting to show why owners want more than AI vendors — they want embedded platforms that can turn operational data into measurable fleet performance gains.

India is nudging fuel demand further away from pure petrol, using tax exemptions and ethanol infrastructure to scale blended fuels — a small but important signal for long-term refined-product import patterns.

India is moving to harden its energy security with the UAE, expanding UAE-linked crude storage in India from 5.8m to 30m barrels and looking at gas reserves as West Asia risk stays elevated.

Kansas wheat has moved from promising to pressured, as drought and disease slash yield potential and raise fresh concerns over US hard red winter wheat supply quality and availability.

Lower hedging costs could unlock a new wave of foreign-currency borrowing for India’s energy transition.

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