Market notes

What I read in the market.

Short notes on what moves crewing — rates, regulation, and where the officers are short. Every one links to its primary source. New Star Marine closed in 2026: these are notes, not an offer.

Hormuz

Eighteen maritime security incidents logged in week 1-7 June, Hormuz cluster widens

Palaemon's weekly maritime security report logs 18 incidents in the 1-7 June window, with four in the Northwest Indian Ocean — including a US Hellfire strike on a tanker engine room near Kharg Island and a boarding of a sanctioned tanker carrying 1.9 million barrels southwest of Sri Lanka.

9 June 2026 Palaemon Maritime Security
LPG

BGN doubles down on LPG: 2 more dual-fuel VLGCs ordered at HD Hyundai

BGN has signed for two more 93,000 cbm dual-fuel LPG VLGCs at HD Hyundai Heavy Industries on 8 June, lifting its on-order book at the Korean yard to six gas carriers for 2029 delivery.

8 June 2026 Rigzone
People

Drewry Q2 2026 Manning Review: officer shortfall widens at senior gas and tanker ranks

Drewry's Q2 2026 Manning Review puts the global officer shortfall on track from 8.5% today to roughly 10% by 2030, with the gap concentrated at senior gas and tanker ranks.

4 June 2026 Drewry
Regulation

BIMCO circulates EU member-state position on IMO carbon levy ahead of MEPC 83

BIMCO has circulated the consolidated EU member-state position on the IMO economic measure following MEPC 82, signalling a per-tonne CO2 levy framework that owners should begin modelling into 2027 voyage budgets.

4 June 2026 BIMCO
Hormuz

Hormuz traffic stabilises near 80 vessels/day after February strike

Strait of Hormuz throughput is back to roughly 80 transits per day in May 2026, but additional war risk premiums remain elevated at 1.5-3% of hull value.

3 June 2026 Reuters Shipping
Regulation

IBF/JNG extends Warlike Operations Area designation through end-2026

The IBF and the JNG have rolled the Warlike Operations Area designation forward through 31 December 2026, locking in the 100% basic-wage bonus and double compensation entitlements for crews transiting the listed corridors.

3 June 2026 ITF bulletin
LNG

Qatar Q-Flex/Q-Max programme runs into LNG officer shortage as newbuilds deliver

QatarEnergy's expansion fleet is delivering into a tight type-rated officer market, and crewing managers are reporting double-digit wage premiums for Mark III-familiar Masters and Chief Engineers.

3 June 2026 Bloomberg Energy