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Spot Dry Bulk Rates Continue to Underperform Although Expectations Remain High – The month of April proved to be a disappointment for freight futures traders as earlier expectations for a rebound in rates failed to materialize.
The Chinese Economy Had A Strong Start In The First Quarter
Doric Weekly Market Insight
Following last week's optimistic Chinese GDP data, Sheng Laiyun, a spokesperson for the National Bureau of Statistics, emphasized that "The Chinese economy had a strong start in the first quarter...
Steel On The Wheel
BRS Weekly Dry Bulk Newsletter
The World Steel Association (WSA) in its short-term outlook this month projects decent growth in global steel demand this year after a period of extreme market volatility emerging from several black swan events since the Covid outbreak.
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Consumer Strength In China Continues To Lessen
From Commodore's Weekly Dry Bulk Reports
As we discussed in Commodore Research's April 22nd Weekly China Report, China’s retail sales in March grew year-on-year by only 3.1%.
And Then There Were None: What’s The Impact Of The Fed’s “Higher For Longer”?
Mazars Weekly Note
The three things investors need to know this week
The Fed has pivoted back into hawkish mode. While our cardinal rule has been and shall remain, that we “don’t fight the Fed”, we now know that “forward guidance” is less potent than before.
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Global Oil Prices Stabilise. Is This The Calm Before The Storm?
Vortexa Freight Weekly
The global oil price rally has stalled. Rising onshore crude inventories and falling middle distillate cracks are posing downside risks on prices.
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Positive Economic Data In China Boosts Sentiment
Commodities Wrap
Ongoing inflationary pressures in the US put further doubts on imminent rate cuts. A weaker USD also weighed on investor appetite for commodities.
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Shifting Supply Chains
Gibson Tanker Market Report
With the one third of the year already over and the Red Sea still off limits to the majority of the tanker market, we examine how crude and product trade flows have changed to account for the necessary rerouting.
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Big Picture: Tankers In 2025
Braemar - Contain your excitement
From the perspective of oil demand growth vs. tanker supply growth, we concede things look good. Taking the mid-point of the IEA’s and OPEC’s forecasts, oil demand could grow 3.25% over the next two years.
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Falling VLCC Voyages
Vortexa Freight Weekly
This week, in the East, we discuss falling VLCC voyage counts after a record-high March and why MRs are remaining in China despite tight export quotas. In the West, we look at the longer-term trend ...
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Ongoing Growth In Steel Production Outside Of China
From Commodore's Weekly Dry Bulk Reports
Global steel production totaled approximately 161.2 million tons in March. This is up month-on-month by 12.4 million tons (8%) but is 3.9 million tons (-2%) less than was reported last year for March 2023’s production.
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Sentiment Weighed Down By Uncertain Economic Backdrop
Commodities Wrap
A risk-off tone across markets weighed on sentiment across the commodity complex. Easing geopolitical risks and burgeoning stockpiles were also headwinds.
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