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
Physical Leads the Way as Traders Remain Cautious – A resurgence in activity across all asset classes has propelled dry bulk spot rates to multi-month highs, with Capesize rates reaching their best levels of the year and Panamax spot rates surpassing $10,000 once again.
As the global economy continues to navigate a patchy recovery, the dry bulk market found some footing this week..
Doric Weekly Market Insights
Capesize Iron Ore Freight Market Trends
This week's Market Monitor highlights Capesize freight market trends across the C3, C5, and C17 routes, as the Baltic Dry Index (BDI) gains momentum, driven primarily by the strong performance of the Capesize segment.
Signal Ocean Dry Weekly Market Monitor
Vietnam’s Energy Tightrope - Between Black and Green
Vietnam’s rapid economic growth from the 2010s to the present has solidified its status as a Southeast Asian manufacturing powerhouse.
BRS Weekly Dry Bulk Newsletter
Strengths and Weaknesses in Current Dry Bulk Market
Overall dry bulk rates increased last week. Capesize rates jumped another 25%.
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From Commodore's Weekly Dry Bulk Reports
Tankers Research Update
VLCC tonne miles fell as China's crude imports fell to four-month low in May.
Braemar Research
Will China continue to build stock?
China recorded another month of strong crude stock builds in May, even as seaborne imports softened.
Vortexa Freight Weekly
Would you still buy a US Treasury at 5%? (probably yes)
New US capital control rules included in the Mega-bill (which is not yet law) could dent returns for Dollar investors.
Forvis Mazars Weekly Note
Oil surges amid renewed geopolitical tensions
Rising geopolitical tensions lifted energy markets. Easing trade tension elicited a muted response from metals. Weak US inflation data pushed gold higher.
Commodities Wrap
Dwindling inventories pushes copper higher
Easing trade tensions helped push the energy sector higher. Metals gained on signs of tightness as supply disruptions mount.
Commodities Wrap
Indonesia Remains China's Primary Source of Coal Imports
As we discussed in Commodore Research's most recent Weekly China Report, April saw China's coal imports from Indonesia total 14.3 million tons.
From Commodore's Weekly Dry Bulk Reports
Iron Ore Trade Flows
This week’s Market Monitor highlights the strong performance in Capesize iron ore flows, which have continued to support demand throughout the year.
Signal Ocean Dry Weekly Market Monitor