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Breakwave Tanker Report
VLCCs remain weak as activity plummets – The first half of July reflected an almost identical sentiment to the end of June, with the VLCC market experiencing steady yet sluggish activity.
Notably Strong China’s Export Performance
Doric Weekly Market Insight
As the star performer of the twenty-eighth trading week, the Baltic Panamax index posted an impressive 8.6 percent weekly gain, reaching $15,106 per day.
Cash Cow
Gibson Tanker Market Report
In December 2023, when the newly elected Xavier Milei took the oath as the Argentinian president, the country was reeling under hyper-inflation, which stood at 133.5% annually.
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Sentiment Supported By Strong Commodity Imports Into China
Commodities Wrap
The prospect of easing monetary policy helped boost sentiment across the commodity complex. However, this was offset by easing supply side issues.
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Headwinds For The Chinese Economy
The Fix - Global Market Update
The Baltic Dry Index recorded a minor gain last week, with the panamaxes chiefly responsible for the positive development as the gauge for the capesizes retreated.
The Centre Barely Hangs On And Inflation Is Only Moderating
Forvis Mazars Weekly Note
The world looks like a better place in the last few weeks. In France, Mr Macron managed to hand an electoral loss to surging Ms Le Pen.
Russia’s Crude Exports Navigate Demand Shifts And Sanctions
Vortexa Freight Weekly
Russian crude exports have fallen sharply in the first two weeks of July, with the impact partially mitigated by lower demand from China.
Gold Hits Record High Amid Rising Expectations Of Rate Cuts
Commodities Wrap
A stronger USD created headwinds for commodity markets. Concerns over demand in China continue to weigh on sentiment.
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Low VLCC Utilisation From OPEC+
Vortexa Freight Weekly
This week, in the East, we look at near record-lows in VLCC utilisation from the OPEC+ group, and we discuss the impact for MRs as West Coast Mexico turns to APAC for road fuels.
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Mixed Session For Commodities
The Fix - Global Market Update
Headwinds for the capesizes weighed on the Baltic Dry Index the day before yesterday, which remained in the red for a second session amid a loss of more than two per cent.
Ukrainian Grain Shipments To ALL Destinations
Signal Ocean - Dry Weekly Market Monitor
This week's chart illustrates the increase in the monthly volume of Ukrainian grain shipments during the first half of this year, following Russia's withdrawal from the Black Sea Grain Initiative in the summer of 2023.
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Downward Trajectory For Crude Oil Freight Rates
Signal Ocean - Tanker Weekly Market Monitor
In the third week of July, crude oil freight rates continued their downward trajectory, with the clean segment showing early signs of gaining momentum.
Grain Contraction Just One Of Several Potential Concerning Headwinds
From Commodore's Weekly Dry Bulk Reports
As we discussed in Commodore Research's most recent Weekly Dry Bulk Report, last week ended up seeing a very large jump in spot cargo volume reported in the market.
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