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
VLCCs Go from Strength to Strength as Sanctions Drive Strong Sentiment – VLCC rates continued their surge into late October, led by the Arabian Gulf–China and West Africa–China routes.
For the global economy, the latest summit offers stability rather than reconciliation, predictability rather than peace.
Doric Weekly Market Insights
Philippines Dry Bulk Import Matrix - From Coal to Ore
In the first three quarters of 2025, the Philippines imported around 55 mln mt of dry bulk cargo, reflecting a shift in composition rather than a fall in activity.
BRS Weekly Dry Bulk Newsletter
Oil gains after OPEC pauses production hikes
Renewed supply side issues helped push energy markets higher. Industrial metals were mixed as supply tightness was offset by concerns over weaker economic data.
Commodities Wrap
Russian crude oil glut emerging as India shuns volumes
Russian crude exports are continuing unabated and hit a war-time high of around 3.89 m/bd in October according to Vortexa data.
Braemar Research
Dry Bulk Fleet Composition in the First Nine Months of 2025
This week, Allied Quantumsea Research reviews the dry bulk fleet composition for the first nine months of the year, analyzing growth trends across vessel size segments while considering the persistent age-related challenges that hinder shipping's transition to a greener future.
Allied Weekly Report
In an oversupplied oil market, who backs off first?
OPEC-8 and the Americas have kept crude exports high and markets oversupplied, we take a look at these factors in this insight piece.
Vortexa Freight Weekly
Sanctions tickle the Chinese giants, favour the teapots
This blog highlights the recent sanctions’ impact on China’s mainstream crude imports.
Vortexa Freight Weekly
Structural Market Shifts, Not Just Barrels, Powering the Dirty Rally
Crude freight markets are experiencing a surge, which available data suggests is not solely attributable to extended voyages or an oversupply of crude.
Signal Ocean Tanker Weekly Market Monitor