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Storm After The Calm For VLCC Rates?
Attractive entry point?
The huge drop we recently experienced on the Very Large Crude Carrier (VLCC) freight rates was only seasonal. Rising oil prices and the start of refining maintenance season in China contributed to a cutback in VLCC activity (and rates) in April and May.
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Signal Tanker Weekly Report
Snapshot of Crude and Product Freight Rates, Supply-Demand
As May drew to a close, the sentiment in the crude freight market for VLCC tankers continued to lag behind the heights witnessed in the first quarter of the year.
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Mazars Comment: 2023 The Year Homework Will Pay Off
The three things I would tell my clients this week
The debt ceiling drama-that-wasn’t is squarely behind us. An eleventh-hour deal was signed, averting the wanton default of the biggest economy in the world, and the global risk-free asset, the US Dollar, marking the 79th straight time that the debt ceiling was successfully raised.
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Breakwave Bi-Weekly Dry Bulk Report
Shifting tides in the Atlantic is all that matters for Q3 – The last five years have seen dramatic changes when it comes to the spot Atlantic Capesize market.
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Doric Weekly Market Insight
The mixture of signals from the component indices suggests that the road to trade recovery may be bumpy.
Amidst a tumbling spot market and a wounded market sentiment, the World Trade Organization (WTO) published this week the latest update of the “Goods Trade Barometer”. WTO's barometer is a composite leading indicator for world trade, providing real time information on the trajectory of merchandise trade relative to recent trends.
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Oil Gives Back OPEC Driven Gains Amid Demand Concerns
Iron ore futures extended its recent rally amid hopes of further support from China
Concerns over demand continue to weigh on commodity markets. Macro headwinds were also present, with a stronger USD impacting investor appetite.
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China's Industrial Sector Continues To Stall; Ongoing Recession In United States And Other Nations
Second straight month of contraction
China’s manufacturing purchasing managers' index (PMI) fell to 48.8 in May, which has marked a second straight month of contraction.
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Shipfix-Global Market Update
Macro/Geopolitics, Commodity Markets, Freight and Bunker Markets
The past week witnessed extensive volatility across the global commodities markets as traders digested contradicting signals.
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Significant Amount Of Coal Remains Stockpiled In India
Coal India’s production has now increased on a year-on-year basis during twenty-four of the last twenty-five months
As we discussed in Commodore's most recent Weekly Dry Bulk Report, Coal India produced 59.9 million tons of coal last month.
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Signal Dry Bulk Weekly Report
Snapshot of Spot Freight Rates, Supply-Demand Trends, Port Congestions
The iron ore market experienced a notable increase in prices due to the recent news regarding the Chinese economy stimulus package.
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