CLARKSONS PLATOU HELLAS – SnP WEEKLY BULLETIN in Weekly Shipbuilding Reports 10/07/2026 As many had anticipated, the U.S.-Iran ceasefire has failed to hold, with renewed hostilities threatening to undermine the fragile optimism that the traffic in the Straits of Hormuz will be fully restored sooner than later. The latest developments have reinforced concerns that geopolitical risks remain elevated and continue to influence the decisions of Buyers and Sellers in all segments. On the commodity side, coal demand in the Far East is expected to strengthen, with Vietnam projected to reach record coal imports in 2026. This growth is driven by government plans to expand the country’s power generation capacity through alternative energy sources, including coal. More broadly, this reflects a trend that other energy-import-dependent countries may also follow if tensions in the Middle East persist and continue to disrupt global energy supply routes, suggesting an optimistic landscape for seaborne trade in the short-and-medium-term. These developments have been reflected in this week’s Drybulk market, where Capesize experienced a strong week, with the Baltic Capesize Index closing today at 4,655, representing a 13.5% week-on-week increase. In Tankers, VLCC activity in the Middle East has strengthened as well, further bolstered by Saudi Aramco’s aggressive price cuts for its August crude export program and the UAE’s record-high crude oil production in June following its exit from the OPEC. Fixture volumes have increased as a result, although it remains uncertain whether fixtures from inside the Strait of Hormuz will conclude. Dry Cargo Activity in the Ultramax market saw the HAATO (ABT 61,472 DWT, 2011, SHIN KASADO DOCK, C:4X30.5T) committed to C/O ADNOC at USD 23.5m, with the deal concluded basis freshly passed surveys. Elsewhere, in the Supramax sector EVEREST (ABT 57,480 DWT, 2012, STX SB (JINHAE), C:4X30T) reportedly sold for a price in the low USD 16m’s. Additionally, the mo