Welcome to Breakwave Advisors Weekend Read
As the week comes to a close, take a moment to review the key insights from the past few days. Missed something? We've gathered all the top insights for you to catch up at your convenience.
Breakwave Shipping Report
Optimism Drives Futures Higher As Spot Remains Dormant – The recent uptick in optimism regarding a sharp recovery in spot rates has led to a rise in the futures curve over the past week.
VLCCs are enjoying a moment in the spotlight. A low orderbook and sanctions news have put a spotlight on the largest asset class in the tanker markets.
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Gibson Tanker Market Report
The Year of the Wood Dragon came to an end, giving way to the Year of the Wood Snake
A year ago, Doric’s Weekly Insight highlighted a relatively stable dry bulk market, with the Panamax segment standing out after posting a weekly gain of $1,317 and closing at $15,263 per day.
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Doric Weekly Market Insights
Indian Steel Production Sets Another Record
As we discussed in Commodore Research's most recent Weekly Executive Report, global steel production totaled approximately 144.5 million tons in December.
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From Commodore's Weekly Dry Bulk Reports
Began the trade wars have. What it means for portfolios and businesses
The US President continued his re-shaping of the American and global economy imposing 25% tariffs on Mexico and Canada and an additional 10% on China beginning on 1st February, promising that Europe is next.
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Forvis Mazars Weekly Note
Chinese Oil Imports Continue to Suffer
With China’s crude oil imports again declining on both a month-on-month and year-on-year basis in December,
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From Commodore's Weekly Dry Bulk Reports
Coal Dry Bulk Flows | U.S. - Europe Market Analysis
The total coal shipment volume from the U.S. to Europe in 2024 is estimated at 25.2 million tonnes, reflecting a decline from 2023, which recorded 26.4 million tonnes.
Signal Ocean Dry Weekly Market Monitor
Uptick in Saudi VLCC voyages to India and China could continue
Saudi VLCC voyages to India and China picked up noticeably in January (m-o-m), after an unusually low December tally,
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Vortexa Global Freight Snapshot
Oil Flows Canada
The crude oil freight market remains highly volatile, with recent spikes in VLCC rates on the MEG-China route.
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Signal Ocean Tanker Weekly Market Monitor
Ongoing Strength in China's Manufacturing Production
As we discussed in Commodore Research's most recent Weekly China Report, China’s manufacturing production grew last year by 5.9%,
From Commodore's Weekly Dry Bulk Reports
Recovering cargo order volumes
The Baltic Dry Index advanced for a fifth consecutive session on Thursday, with all vessel segments avoiding the red.
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The Fix - Global Market Update