2025 was a year like no other for shipping buffeted by US tariffs, trade wars, and geopolitical conflicts but through it all markets across most major sectors performed remarkably well. Going into 2026 there seems to be not let up with the US military action in Venezuela with days of the New Year so what does the rest of the coming 12 months have to offer the world of shipping?

The 2026 shipping markets overall freight rates to fall due to a structural oversupply of vessels outpacing demand growth, leading to a shipper-driven market. Performance will diverge by segment, with container and dry bulk expected to be weaker, while tankers and LNG remain more resilient.

• Container Shipping: Capacity growth is expected to exceed demand growth, potentially causing global average spot rates to fall significantly.

• Tanker Shipping: Both crude and product tanker markets are predicted to remain relatively strong. Factors like steady demand, OPEC+ strategies, and longer routes due to global events are supporting high usage and earnings, particularly for VLCCs and Aframax vessels.

• Dry Bulk: This segment is likely to stay weak but stable, with potential for improvement if global trade picks up. While new vessel deliveries pose a risk, particularly in mid-size segments, slower growth in Capesize vessels could support rates there.

• LNG & Car Carriers: These sectors are expected to remain generally stable, supported by long-term contracts and energy transition trends. While a global LNG supply surplus in 2026 might affect gas prices, shipping demand is bolstered by new export capacity and consistent trade flows.