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
Read More »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
Read More »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.
Read More »VLCC Market Faces Downward Pressure Amid Sluggish Activity and OPEC+ Production Cuts – The VLCC market is once
Read More »Dry bulk spot rates move closer to seasonal averages as summer begins – With the strongest first quarter for Capesizes in 14 years behind us
Read More »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
Read More »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
Read More »Early May Sees Strong VLCC Market Activity Despite Chinese Labor Day Holiday – In the early days of May,
Read More »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
Read More »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
Read More »VLCC Market Slows Down Post-Chinese Holidays but Owners Remain Resilient Amid Softening Rates, Rising Oil Prices – The VLCC market has become rather
Read More »The correction in dry bulk is here as spot rates look for a bottom – Although the excitement in dry bulk shipping remains unabated
Read More »Spot volatility increases but follow-through fails on muted fundamentals – The third week of March dealt a harsh blow to VLCC owners, as their
Read More »Booming dry bulk market defies red flag warnings emerging from the steel complex – Once again, the Capesize
Read More »Another short term spike comes to an end as the Atlantic market fails to inspire – The late February uptick in VLCC rates ended up being short lived
Read More »As spot price records fall one after another, sentiment in dry bulk is reaching new highs – With February average Capesize rates reaching more than 21,000
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