Volatility Declines as Spot Rates Remain Rangebound – Not much has changed over the past fortnight, as Capesize spot rates hover in the mid/low-20,000s range and the futures curve remains relatively flat to spot.
Disappointing economic data
Uncertain macro backdrop stymies commodities rally
In a positive week for the spot market
Russia Remains China's Second Largest Source of Coal Imports
Weekly Insights Review
Declining trend in VLCC ballast speeds
The Big Picture: Global steel trades and China’s steel sector
More Headwinds Appearing For Dry Bulk Market
Supply - Demand Dynamics
VLCC and Suezmaxes cleaning up
The Long View
Downward trend to the orderbook
Risk-on tone across markets boosts sentiment
Breakwave Bi-Weekly Tanker Report - June 18, 2024
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.