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Weekly Shipbuilding Reports

Breakwave Dry Bulk Shipping Report 9.17.2024

Capesize Rally Fizzles Out as Iron Ore Prices Drop – Capesize rates eased after hitting two-month highs, as lower iron ore prices combined

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Breakwave Tanker Report 9.10.2024

Sentiment Improves as Signs of Early Recovery Develop – VLCC owners have made some progress in the first week of September, buoyed by

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Breakwave Dry Bulk Shipping Report 9.03.2024

Capesize Spot Rates Move Higher as Seasonality Kicks In – As we previously discussed, mid-August proved to be the turnaround point for Capesize spot rates.

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Breakwave Tanker Report 8.27.2024

Uncertainty Looms for VLCCs as Activity Slows Down – Another rally in spot VLCC rates ended up being just a short-term spike

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Breakwave Dry Bulk Shipping Report 8.20.2024

Steady as She Goes for Dry Bulk While Summer Slowdown Takes a Toll on Volatility – It has been particularly calm in the dry bulk market,

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Breakwave Tanker Report 8.13.2024

VLCC Market Back to Year-lows as Activity Slows Down – The VLCC market is once again back to recent lows although it seems to be bottoming

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Breakwave Dry Bulk Shipping Report 8.6.2024

Its Always Darkest Before the Dawn: Capesize Rates Should Find a Bottom in the Next Two Weeks – Although we are still in the midst of a summer slowdown

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Breakwave Tanker Report 7.30.2024

VLCC Market Sentiment Rebounds but Excitement Might Be Short Lived as Volumes Remain Subdued – The second half

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Breakwave Dry Bulk Shipping Report 7.23.2024

Freight Futures Volatility Collapses to Record Lows as Spot Rates Remain Rangebound – The highly volatile dry bulk

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Breakwave Tanker Report 7.16.2024

VLCCs remain weak as activity plummets – The first half of July reflected an almost identical sentiment to the end of June

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Breakwave Dry Bulk Shipping Report 7.9.2024

Freight Futures Volatility Drops to 5-Year Lows as Spot Rates Remain Rangebound – Volatility has all but disappeared in the usually highly volatile freight futures market

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Breakwave Tanker Report 7.2.2024

The VLCC Market Steadies Following a Month of Constant Pressure, as a Rare Positive Factor Emerges – The VLCC market remained relatively stable in the final week of June

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Breakwave Dry Bulk Shipping Report 6.25.2024

Volatility Declines as Spot Rates Remain Rangebound – Not much has changed over the past fortnight, as Capesize spot rates hover in the mid/low-20,000s range

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Breakwave Tanker Report 6.18.2024

The VLCC Market Remains under Persistent Downward Pressure Amid Oversupply, Reduced Demand – As we move into the second half of June and the final stretch of the first half of the year

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Breakwave Dry Bulk Shipping Report 6.11.2024

Steady as it goes while curve inverses and sentiment moderates – The past few weeks have been uncharacteristically calm for the otherwise volatile dry bulk market.

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