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Breakwave Tanker Report
Uncertainty Looms for VLCCs as Activity Slows Down – Another rally in spot VLCC rates ended up being just a short-term spike, as spot rates are back to mid-August lows after hitting multi-month highs.
The Capesize segment has oddly managed to remain resilient
Doric Weekly Market Insight
China’s Baowu Steel Group, the world’s largest steel producer, cautioned that the current downturn in China's steel industry would likely be longer and more severe than previously anticipated.
Large Global Grain Trade Contraction Still Expected
From Commodore's Weekly Dry Bulk Reports
As we discussed in Commodore Research's most recent Weekly Dry Bulk Report, the United States Department of Agriculture (USDA) has released a new grain export forecast for the 2024/25 season and is now predicting that global coarse grain, wheat, soybean, and soymeal exports will total 700.8 million tons.
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Energy gains amid rising geopolitical tensions
Commodities Wrap
Rising geopolitical tensions pushed energy prices higher. A risk-on tone across markets helped boost sentiment across the rest of the complex.
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Supply Swell
Gibson Tanker Market Report
News around the crude market has recently been dominated by headlines about weak Chinese oil demand on one side and conflict in the Middle East threatening supply on the other.
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Who benefits the most from the Fed’s Pivot? It’s not Risk Assets
Forvis Mazars Weekly Note
Last week saw the Fed officially greenlighting rate cuts, pivoting towards its growth mandate (which comes in the form of maintaining healthy employment) and stopping just short of declaring victory over inflation.
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Divergence in China's Coal Output and Coal-Derived Electricity Generation Continues
From Commodore's Weekly Dry Bulk Reports
As we discussed in Commodore Research's most recent Weekly China Report, China’s coal output totaled 390.4 million tons in July.
Light-Sweet crudes showing signs of recovery
Vortexa Freight Weekly
Global imports of light-sweet crudes have seen a recovery driven by recent supply disruptions in Libya
Cargo cancellations for Aframaxes
TANKERS / BRAEMAR Research Update
Aframaxes face cargo cancellations as Libyan crude production halts once again
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Ongoing Steel Production Growth Outside of China
From Commodore's Weekly Dry Bulk Reports
As we discussed in Commodore Research's most recent Weekly Dry Bulk Report, global steel production totaled approximately 152.8 million tons in July.
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Altering fates for Suezmaxes originating from the Atlantic v Pacific
Vortexa Freight Weekly
In this week's report we focus on the drivers behind the dynamics and expectations for the Suezmax market on both basins. We also give an update on MRs operating in China as well as the recent developments on supertanker clean-ups.
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The Big Picture: China’s coal imports: overland gain but seaborne drop from Russia
Braemar Dry Bulk 360 Degrees
It may seem odd for a shipping report to write about overland trade, but today’s Big Picture addresses an overland trade that affects seaborne volumes—that is China’s imports of Russian and Mongolian coal.
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Oil gains as supply disruptions mount
Commodities Wrap
Robust economic data in the US boosted sentiment. Supply side issues across energy markets remained supportive.
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