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Doric Weekly Market Insight
March had a better feeling in the spot market
“Looking forward towards the seasonally strongest period of Q2 and Q3, market sentiment remains rather mixed, anticipating a few generous spikes but being pensive for the annual average performance.”
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Mazars Comment:The Mini-Banking Crisis Is (Mostly) Over. That’s No Reason To Relax
What are the immediate areas of risk we should be focusing on?
In my nearly 20 years in investments there’s one rule that seems to work under any circumstance: Warren Buffet’s “Only when the tide goes out do you discover who's been swimming naked.”
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Time To Get Bullish Again On Crude?
Dirty tanker rates are already lofty and even more upside is expected for the remainder of the year
Numerous structural and seasonal factors are pointing to higher crude prices in the coming months, and onshore crude inventories are already drawing right now.
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Signal Dry Bulk Weekly Report
Snapshot of Spot Freight Rates, Supply-Demand Trends, Port Congestions
In the first week of April, there were signs of firmness in the larger vessel segments, while there was some weakening in Supramax and Handysize vessels.
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Ongoing Weakness Outside Of China
Concerning is that global crude steel production outside of China has now contracted on a year-on-year basis for twelve straight months
Global crude steel production totaled 142.4 million tons in February.
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Gold Gains Amid Weak Economic Data
The rally in oil also seemed to raise concerns for industrial metals
Weak economic data weighed on sentiment across the commodity complex.
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Signal Monthly Market Monitor: Tanker Freight Market
Changing trade flows in Q1 2023
The European Union embargo on Russian petroleum products took effect on 5 February and is based on the $60 oil price cap introduced on 5 December by the major G7 (Group of Seven) countries.
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Ongoing Strength In China
Significant progress
Often in our Weekly China Reports last year, we discussed Chinese efforts to end US dollar hegemony.
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Vortexa Freight Weekly
OPEC cuts expose VLCCs|| USG dirty rates slide
OPEC+ cuts could shape up the VLCC trade, while leaving the rest of the vessel classes unscathed
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Shipfix - Global Market Update
Macro/Geopolitics, Commodity Markets, Freight and Bunker Markets
The past 24 hours have seen the releases of PMI data for the services sectors in the world’s two largest economies.
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