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Breakwave Tanker Report
The VLCC Market Remains under Persistent Downward Pressure Amid Oversupply, Reduced Demand – As we move into the second half of June and the final stretch of the first half of the year, renewed downward pressure is again the main dynamic for the VLCC market with sluggish performance in both the Atlantic and Pacific basins.
Global Economy Appears To Be Stabilizing In Early 2024
Doric Weekly Market Insight
Global trade growth is expected to recover to 2.5 percent in the current year, showing improvement from the previous year but still significantly below the average rates observed in the two decades before the pandemic.
India's Coal-Derived Electricity Generation Has Set Another Record As Predicted
From Commodore's Weekly Dry Bulk Reports
India produced approximately 144.4 billion kilowatt hours of electricity last month. This is up month-on-month by 8.6 billion kilowatt hours (6%), up year-on-year by 17.8 billion kilowatt hours (14%), and is a record.
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Headwinds For Capesizes
The Fix - Global Market Update
The mid-sized dry bulk segments propelled the Baltic Dry Index higher last week, while the capesizes faced headwinds amid weaker demand.
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Risk-On Tone Across Markets Boosts Sentiment
Commodities Wrap
Markets remained well supported by the prospect of easing monetary policy. This helped reverse earlier losses on signs of weak demand.
Downward Trend To The Orderbook
Intermodal Weekly Market Report
As we edge closer to the end of the first half of 2024, we have seen a downward trend in regard to the vessels that have been added to the orderbook.
The Long View
Gibson Tanker Market Report
Oil demand will peak this decade, that is the call by the International Energy Agency (IEA) who released their Oil 2024 report this week.
VLCC And Suezmaxes Cleaning Up
Vortexa Freight Weekly
This week, in the East, we provide an update on the fleet trading Russian crude, and we discuss why a VLCC and some Suezmaxes have cleaned up.
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Supply - Demand Dynamics
Signal Ocean - Dry Weekly Market Monitor
In the third week of June, significant developments are observed in the Capesize vessel rates on the Brazil to North China route, as well as in the Panamax Cont FE routes, indicating a stronger momentum for larger vessel size segments as we approach the end of the month.
More Headwinds Appearing For Dry Bulk Market
From Commodore's Weekly Dry Bulk Reports
Dry bulk rates were mixed last week, with panamax and supramax rates rising while capesize and handysize rates declined.
The Big Picture: Global Steel Trades And China’s Steel Sector
Braemar Weekly Dry Market Report
China’s steel exports surged 23% in January-May to 44.6m tonnes, raising China’s share of global seaborne trade and putting exports on course for their strongest year since 2016..
Declining Trend In VLCC Ballast Speeds
Signal Ocean - Tanker Weekly Market Monitor
As the summer season unfolds, a subdued sentiment grips the freight market, particularly evident in the VLCC MEG-China route.