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 dry bulk market enters a more cautious phase, Grain dry bulk flows to China, Small impact on VLCCs from OPEC+ production cuts phase-out delay and more.
Breakwave Dry Bulk Report
Capesize Rally Fizzles Out as Iron Ore Prices Drop – Capesize rates eased after hitting two-month highs, as lower iron ore prices combined with recent soft Chinese economic data weighed on sentiment.
So far, it’s certainly been a ‘year of the Dragon’ for sale and purchase,
Doric Weekly Market Insight
Signs of improving demand boosts sentiment
Despite robust gains for the panamax freight indicator, the Baltic Dry Index ended a run of weekly gains
Read More
The Fix - Global Market Update
According to the latest USDA report, released on September 12th, the United States is forecasted to achieve a record soybean production of 124.90 million tonnes..
Read More
Intermodal Weekly Market Report
Markets were subdued as they look ahead to the FOMC meeting later this week.
Read More
Commodities Wrap
Dry bulk rates were mixed last week, with panamax and supramax rates rising while capesize and handysize rates declined.
From Commodore's Weekly Dry Bulk Reports
The special focus this week is on the monthly quantity of soybeans and corn exported to China..
Read More
Signal Ocean - Dry Weekly Market Monitor
Currently, VLCC utilisation from OPEC+ origins is below the 12-month average at a time when VLCC utilisation is lacklustre globally..
Read More
Vortexa - Global Freight Snapshot
The US Federal Reserve came under severe criticism in 2022, for underestimating inflation and allowing it to run off.
Forvis Mazars Weekly Note
Dirty Tonne Days - Demand
This week’s special focus dives into the dynamics between dirty tonne days and VLCC tonne days.
Signal Ocean - Tanker Weekly Market Monitor
The Baltic Dry Index delivered a solid gain on Thursday amid gains for all segments.
The Fix - Global Market Update