Welcome to Breakwave Advisors Weekend Read
As the week comes to a close, take a moment to review the key insights from the past few days. Missed something? We've gathered all the top insights for you to catch up at your convenience.
Breakwave Shipping Report
Spot VLCC Rates Ease Following Recent Strong Rally – Over the past few weeks, positional imbalances have pushed freight rates toward the upper end of the recent range and at relatively flat levels versus last year.
In economics and international trade, decision-making under uncertainty often leads rational players to adopt strategies that, while individually rational, result in collectively suboptimal outcomes.
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Doric Weekly Market Insights
Consumer Growth in China Continues To Increase
China’s retail sales in March grew year-on-year by 5.9%. This is up considerably from the 4% growth seen in January/February and is the strongest growth seen since December 2023.
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From Commodore's Weekly Dry Bulk Reports
Japan Shipbuilding: Craft Over Quantity
Japan’s shipbuilding capacity for bulkers, tankers, and container ships has undergone significant change over the past two decades.
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BRS Weekly Dry Bulk Newsletter
OPEC+ grabs headlines
The global oil market has been riding through intense swings, with Brent crude tumbling 6.85% just last week after Saudi Arabia signaled it’s prepared to handle a stretch of lower prices.
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Intermodal Weekly Market Report
Tankers Research Update
VLCCs to benefit as Middle East continues to open oil taps
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Braemar Research
Impact of U.S. Port Fees on Dry Bulk Vessel Economics and Fleet Strategy
The United States remains a vital hub in the global dry bulk trade, with its ports—especially those along the Gulf Coast, East Coast, and Great Lakes— processing significant volumes of coal, grain, and iron ore.
Allied Weekly Report
Grain Dry Bulk Flows
Between 2022 and 2024, US grain exports to Mexico have shown a significant upward trend, with Mexico's share rising from 7.6% in 2022 to 9.3% in 2024,
Signal Ocean Dry Weekly Market Monitor
How an ageing VLCC fleet is reshaping market dynamics
The VLCC market is going through some significant transitions.
Tankers International Market Review
Market volatility drives China’s crude stockpiling
Uncertainty and lower oil prices prompt aggressive stockpiling by Chinese majors, while sanctioned crude imports hold near record highs.
Vortexa Freight Weekly
The Big Picture: Slower start to 2025 for global trade in iron ore
The most severe supply-side constraint in early 2025 was in Australia, caused by four cyclones, which (1) impacted shipments from Dampier and Port Walcott in particular, and (2) limited total Q1 iron ore exports from Australia to a three-year low.
Braemar Weekly Dry Market Report
Dry Bulk Fleet Growth Remains Moderate
Approximately 46 dry bulk newbuildings were delivered in March, which is 21 more than were delivered in February.
From Commodore's Weekly Dry Bulk Reports
In the second quarter of 2025, oil flows from Saudi Arabia to China declined sharply. This downturn can be attributed to a combination of seasonal and structural factors.
Signal Ocean Tanker Weekly Market Monitor