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
Seasonal Headwinds as We Enter October – Despite relatively robust spot rates across all dry bulk segments, a note of caution for the near term is warranted.
Over the past several cycles, the OECD has consistently warned that the global economy faces a gradually slowing growth trajectory, weighed down by both structural headwinds and cyclical risks.
Doric Weekly Market Insights
Oil Glut Looms
More and more analysts expect the oil market to move into significant surplus next year.
Gibson Tanker Market Report
Argentina soybeans to China
Soybean flows from Argentina to China in 2025 tell a striking turnaround story.
Signal Ocean Dry Weekly Market Monitor
Government Shutdown? Maybe, but we'd still look at tech
A potential U.S. government shutdown looms by midnight September 30, 2025, risking a 0.1-0.2% GDP loss per week, with the 2018-19 shutdown’s $3bn hit as a precedent.
Forvis Mazars Weekly Note
The crude tanker market
The crude tanker market in September saw a marked upswing, with rates rising to their highest levels in years.
Intermodal Weekly Market Report
Tankers Research Update
Four oil terminals under Qingdao port implement new tanker scoring system, effects marginal
Braemar Research
Bauxite Market Update
This week’s Allied Quantumsea Research highlights bauxite export dynamics against the backdrop of a stronger Capesize iron ore freight market in Q3.
Allied Weekly Report
Bauxite, manganese ore, and forestry: More protectionism to come
Minor bulk, made up of all dry cargo types that are not categorized as iron ore, coal, or grains, has consistently outperformed the previous year in terms of total tonnage exported. In August, this trend continued as the total tonnage of minor bulk exports increased by 7% compared to the same period last year.
Signal Ocean Special Report
Jump in Spot Thermal Coal Cargoes To Be Shipped to China
As we discussed in Commodore Research’s most recent Weekly China Report and Weekly Executive Report, the initial count of formally announced thermal coal cargoes to be shipped to Chinese buyers reported in the spot market last week came in at 15 cargoes.
From Commodore's Weekly Dry Bulk Reports
VLCC Recovery and Spillovers
Signal Ocean Insights reviews late-September dirty tanker dynamics, focusing on the surge that drove VLCC rates to unexpected highs at the close of Q3. With winter approaching, we also consider the outlook for the weeks ahead.
Signal Ocean Tanker Weekly Market Monitor