Welcome to Breakwave Advisors Weekend Read
As we conclude the workweek and head into the weekend, take a moment to review the key articles from this week, including those you've highlighted. The Capesize segment stood out for its volatility, Trump's election win sparks selloff, Has VLCC mileage bottomed out?, The Big Picture: US election: tariffs to the fore, and more.
Breakwave Tanker Report
VLCC Market Sees Unseasonal Downturn Amid Overcapacity and Rising Preference for Chinese Shipowners – The VLCC (Very Large Crude Carrier) market is experiencing an unusual downturn for this time of year, marked by low activity and a persistent drop in rates across both Eastern and Western markets.
Reflecting on last year’s trends, the Capesize segment once again stood out for its volatility.
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Doric Weekly Market Insight
Steel Output Ex-China Back in Contraction as China's Output Finally Growing Again
As we discussed in Commodore Research's most recent Weekly Dry Bulk Report, global steel production totaled approximately 143.6 million tons in September.
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From Commodore's Weekly Dry Bulk Reports
Some thoughts on the election: It’s (still) the Economy, Stupid
This is the first note regarding the US election, “the most important of our lifetime”, as it is often dubbed.
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Forvis Mazars Weekly Note
China’s persistent record coal imports
According to data from the General Administration of Customs, Chinese coal imports climbed to new heights again..
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BRS Weekly Dry Bulk Newsletter
Tanker dynamics
The recent expansion of Canada's Trans Mountain Pipeline (TMX) is set to reshape the North American oil landscape,
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Intermodal Weekly Market Report
Trump's election win sparks selloff
Trump’s win saw a stronger USD weigh on investor appetite.
Commodities Wrap
Has VLCC mileage bottomed out?
VLCC voyage mileage has been below the 8-year seasonal average for most of 2024, with a four-month..
Vortexa - Global Freight Snapshot
China's Steel Output Finding Growth Again Just As Steel Output Ex-China Has Re-Entered Contraction
The most recently released data shows that daily crude steel output at large and medium-sized mills in China averaged 2.09 million tons during October 21 - October 31.
From Commodore's Weekly Dry Bulk Reports
The Big Picture: US election: tariffs to the fore
The first round of import tariffs (25% on steel and 10% on aluminium) in March 2018,
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Braemar Weekly Dry Market Report
Dry Bulk Demand - Tonne Days
November brought a significant downturn in dry bulk freight rates,
Signal Ocean - Dry Weekly Market Monitor