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
VLCC Rally Gathers Pace While Winter Demand is Still Upon Us – Since early September, VLCC spot rates have smashed key psychological thresholds in both the Atlantic and Pacific basins, continuing a relentless rally that is counter to historical seasonality.
One year ago this week, the U.S. Federal Reserve commanded global attention by cutting interest rates for the first time in more than four years, delivering a bold 50 basis point reduction that brought the federal funds target range down to 4.75-5.00 percent.
Doric Weekly Market Insights
Even More Global Grain Exports Now Expected
The United States Department of Agriculture (USDA) has released its latest forecast for the upcoming 2025/26 grain trade season..
From Commodore's Weekly Dry Bulk Reports
Russian Oil Flows
This week’s focus is on the volatility of dirty oil flows from the Baltic Sea's upper region.
Signal Ocean Tanker Weekly Market Monitor
African Iron Ore meet Gulf Steel Ambitions
In late August, according to Mysteel reports, Mauritania’s state-owned mining company SNIM and Saudi Arabia’s steel company Hadeed announced plans to establish a joint venture to develop an iron ore mine in Mauritania,
BRS Weekly Dry Bulk Newsletter
A Three-Tier Tanker Market
The illicit trading debate in shipping sharpened this month, with the U.S. Senate introducing the SHADOW Fleets Act to impose new sanctions on Russia’s “shadow fleet.”
Allied Weekly Report
Implications on raw material flows
China’s aluminium powerhouse is approaching a hard ceiling.
Intermodal Weekly Market Report
How will Brazil’s corn trades affect Panamax and geared bulker demand?
Brazil’s corn trades have experienced significant re-routing over the last two years.
Braemar Dry Bulk 360 Degrees
Consumption Growth in China's Retail Sector Remains Well Below 2025's Peak
As we discussed in Commodore Research’s most recent Weekly China Report, China’s retail sales in August grew year-on-year by 3.4%, which has marked the lowest growth seen since November.
From Commodore's Weekly Dry Bulk Reports
VLCCs in the Spotlight
The VLCC sector has returned to the center of attention, with spot freight rates soaring in September to levels close to $100,000 per day on certain routes.
Novisea
Coal Market Insights
Global coal demand reached 8.79 billion tons in 2024, marking a new record.
Signal Ocean Dry Weekly Market Monitor