Democratizing Shipping | Bulkers-Tankers-Commodities
40’42” N, 74’01” W
Joined February 2017
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“•The global #diesel shortage is expected to persist well into 2027, as damaged Middle Eastern and Russian refineries continue to constrain fuel supplies.
•Trump's Russian diesel deal offers little relief, with initial shipments covering less than one-tenth of U.S. daily diesel consumption.
•Diesel prices could remain above $6 per gallon in the U.S., with winter demand and deferred refinery maintenance threatening further supply disruptions.”
#commodities
oilprice.com/Energy/Crude-Oi…
ANZ: “#Brent’s deepening backwardation highlights the severity of the immediate supply squeeze, with the front-month premium over 12-month contract widening from around USD17/bbl in early October to USD30/bbl. However, the concurrent rise in Dec-2027 prices suggests the #market is no longer treating the shock as purely temporary. While the steep curve still implies substantial easing from current conditions, higher longer-dated prices point to a growing risk premium around the duration of supply disruptions, the rebuilding of depleted inventories and the prospect of permanently higher costs of moving Middle East #crude.”
It remains helpful for the #drybulk #market that industrial production — including manufacturing production (which is the largest component of industrial production) — continues to grow in many major #economies.
breakwaveadvisors.com/insigh…
Capesize Spot Index Stabilizes but Risk Remain Abound – The recent correction in Capesize spot rates appears to have established a floor, with the index stabilizing just below the 30,000 mark after a peak-to-trough decline of over 50%.
Read more in our latest Dry Bulk Report:
breakwaveadvisors.com/insigh…
#Crude #tanker rates are showing signs of stabilisation after last week’s correction, as charterers continue moving cargoes but show little appetite to push rates back towards record highs. Meanwhile, renewed concerns over attacks on Saudi Arabia’s East-West pipeline and escalating regional risks are keeping the market on edge. Any disruption to Yanbu exports could again trigger longer voyages via Africa, tightening vessel availability and supporting VLCC rates.
Source: Arctic
ANZ: “#Ironore prices fell as global supplies increased. Brazil has recorded strong growth in exports in the first two weeks of October. This has lifted arrivals at China’s 47 major ports, adding to supply pressure.”
#commodities
The Trump administration has been busy easing sanctions over the past couple of weeks.
#shipping #markets
breakwaveadvisors.com/insigh…
"More sailors died in the Black Sea than in any other body of water this year, outstripping fatalities in the Gulf..."
#China’s #economic trajectory continues to be shaped by the interplay between structural transformation and the gradual rebalancing of a growth model historically anchored in investment and industrial production.
breakwaveadvisors.com/insigh…
Doric: “Rising #oil prices and elevated #freightrates are squeezing Brazilian #ironore producers, with several smaller miners curtailing or suspending operations as weaker prices erode margins.”
The VLCC #market is softening, but we contend that the downside is limited. Exceptionally high freight costs have softened long-haul Atlantic-to-Asia demand.
#tankers
breakwaveadvisors.com/insigh…
Rising attacks in the Middle East pushed the #energy sector higher. AI-related stock selloff weighed on risk appetite across the rest of the complex.
#markets
breakwaveadvisors.com/insigh…
