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Weekly Shipbuilding Reports

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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Breakwave Tanker Report 6.4.2024

VLCC Market Faces Downward Pressure Amid Sluggish Activity and OPEC+ Production Cuts – The VLCC market is once

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Breakwave Dry Bulk Shipping Report 5.28.2024

Dry bulk spot rates move closer to seasonal averages as summer begins – With the strongest first quarter for Capesizes in 14 years behind us

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Breakwave Tanker Report 5.21.2024

The VLCC Market Remains Well Supported as Attention Turns to Summer Demand – As the end of May approaches, the VLCC freight market has remained on a slight upward trajectory

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Breakwave Dry Bulk Shipping Report 5.14.2024

Dry Bulk Spot Rate Volatility Points to Ongoing Positional Imbalances Amidst Solid Volumes – After bottoming in the high-teens, the Capesize Spot Index posted a solid recovery

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Breakwave Tanker Report 5.7.2024

Early May Sees Strong VLCC Market Activity Despite Chinese Labor Day Holiday – In the early days of May,

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Breakwave Tanker Report 4.23.2024

VLCC Rates Continue to Soften Amid Subdued Activity and a Cautious Charterer Stance – With May fixing activity in full force, the VLCC freight market continued its descent

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Breakwave Dry Bulk Shipping Report 4.16.2024

Dry Bulk Rates Bounce, but Excitement seems to Fizzle as Market Balance Remains Unfavorable – Following a ~50% drop over the last month, Capesize spot rates bounced back

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Breakwave Tanker Report 4.9.2024

VLCC Market Slows Down Post-Chinese Holidays but Owners Remain Resilient Amid Softening Rates, Rising Oil Prices – The VLCC market has become rather

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Breakwave Dry Bulk Shipping Report 4.2.2024

The correction in dry bulk is here as spot rates look for a bottom – Although the excitement in dry bulk shipping remains unabated

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Breakwave Tanker Report 3.26.2024

Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their

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Breakwave Dry Bulk Shipping Report 3.19.2024

Booming dry bulk market defies red flag warnings emerging from the steel complex – Once again, the Capesize

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