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 Energy Transition - Made in China, Suezmaxes seek alternate routes as European crude demand is limited, Volatility muted amid uncertain economic outlook, China’s critical role in the global crude oil market, and more.
Highlight of the week
Breakwave Tanker Report
VLCC Freight Market Struggles Amid Weak Demand; Hopes Pinned on China's Import Rebound – The VLCC (Very Large Crude Carrier) dirty freight market experienced significant challenges in late November, with rates in the Arabian Gulf (AG) dropping to new annual lows.
The dry bulk spot market remained lackluster, with the Baltic indices continuing their downward trajectory.
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Doric Weekly Market Insight
2025: The Year of Resilience
In the economic outlook season, the key theme is policy uncertainty.
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Forvis Mazars Weekly Note
Mexican Standoff
President-elect Donald Trump has announced that he will implement a 25% tariff on all products entering the US from Canada and Mexico.
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Gibson Tanker Market Report
Developments and dynamics of the Chinese shipbuilding sector
Following the recent reactivation of Jiangsu Rongsheng Heavy Industries to fulfil a substantial order from MSC for eight 12,000 TEU container vessels,
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Intermodal Weekly Market Report
Commodities performance
The capesizes continued to weigh on the Baltic Dry Index during yesterday’s session amid headwinds for cargo order volumes across the major basins.
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The Fix - Global Market Update
If imposed, US tariffs on Canadian crude would benefit Aframaxes
Trump’s proposed 25% import tariffs on Canadian crude are unlikely to happen (more likely going to be used as a bargaining tool),
Vortexa Global Freight Snapshot
The Big Picture: Sanctions and Iran’s elderly VLCCs
Three recent developments suggest a changing market for VLCCs over the age of 20:
Braemar Tanker Big Picture