BreakWave

Democratizing Shipping |
Bulkers-Tankers-Commodities

[BreakWave @DryBulkETF]

What are freight futures? #drybulk #tankers

[BreakWave @DryBulkETF]

Can the rather unique drivers of today’s #tanker demand meet the challenge of rapidly expanding shipbuilding capacity?
#shipping
https://t.co/GuM4v6W8uk

[BreakWave @DryBulkETF]

Chinese #ironore imports continue to grow even as domestic steel output weakens, driving port inventories toward record highs.
#drybulk
https://t.co/wAar0RN4zL

[BreakWave @DryBulkETF]

Freight Futures AM Update

Dry Bulk
Capesize: down ~1%
Panamax: flat

Tankers
VLCC: down ~5%
Suezmax: flat

$BDRY
$BWET

[BreakWave @DryBulkETF]

“Indian Companies Eye Venezuelan #Oil Fields as Imports Surge 51% in a Month”
#markets
https://t.co/akltxICejn

[BreakWave @DryBulkETF]

Signal Ocean: “• Global #ironore flows in May 2026 were down 2% y/y.
• Flows to #China increased by 3% y/y.
• Flows destined to ports outside of China fell by 15% y/y.
• Iron ore flows from Guinea reached 2.1mt in May as Simandou continued to ramp up.”
#commodities

[BreakWave @DryBulkETF]

Finally an MOU... though not the right one

[FinancialJuice @financialjuice]

Iran and Russia have signed a $25 bln MOU for cooperation in the nuclear sector - Tasnim News

[BreakWave @DryBulkETF]

China’s bauxite imports have been even stronger this year, with imports so far up year-on-year by 15%.
#Commodities #markets
https://t.co/4p689ocfUv

[BreakWave @DryBulkETF]

The #crude #tanker #market is entering a new era – one that is increasingly dynamic, fragmented and opportunity-driven..
https://t.co/PBZh13A5s2

[BreakWave @DryBulkETF]

Lol

[First Squawk @FirstSquawk]

OPEC SECRETARY GENERAL: WE STILL SEE ROBUST OIL DEMAND GROWTH, WE ARE NOT CHANGING OUR ESTIMATES

[BreakWave @DryBulkETF]

Freight Futures AM Update

Dry Bulk
Capesize: down ~2%
Panamax: down ~1%

Tankers
VLCC: flat
Suezmax: up ~1%

$BDRY
$BWET

[BreakWave @DryBulkETF]

Pareto: “VLCCs holding well in the Atlantic, with also more AG-fixtures emerging. We continue to see the segment in better shape than the smaller ones, where demand destruction is taking its toll.”
#tankers #shipping

[BreakWave @DryBulkETF]

Fearnleys: “A noticeably quiet week for #VLCCs, shaped by industry participants’ temporary migration to Greece for Posidonia. Activity has slowed, position lists fairly balanced, but ships disappearing quietly with no details. Prompt cargoes in the Middle East showing signs of paying extra, but a slightly softer feel in the Atlantic with USG/East holding for above 16 million for the time being.”
#tankers

[BreakWave @DryBulkETF]

ANZ: “The US strategic petroleum reserve continues to release record amounts to the global oil market. Another 7,993kbbls was drawdown last week, representing a run rate of 1.15mb/d. This brings the SPR to only 357mbbls, just above levels not seen since 1984.”
#oil #markets

[BreakWave @DryBulkETF]

Odd thought: maybe a long term hit in oil supply as a result of the Hormuz crisis is needed to balance a gradually declining real demand given that China’s demand growth ended up being all inventory builds.

[BreakWave @DryBulkETF]

With the situation in the Middle East still uncertain and no meaningful progress towards de-escalation, persistent disruptions to oil and LNG flows through the Strait of Hormuz are reinforcing thermal #coal’s role among Asian importers as an alternative source of power generation.
#commodities
https://t.co/Rv52jFhFSz

[BreakWave @DryBulkETF]

You don't say...

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The International Atomic Energy Agency believes Iran’s nuclear risks are now higher than before the Iran War began on February 28th.

[BreakWave @DryBulkETF]

Freight Futures AM Update

Dry Bulk
Capesize: down ~1%
Panamax: down ~2%

Tankers
VLCC: up ~2%
Suezmax: up ~1%

$BDRY
$BWET

[BreakWave @DryBulkETF]

#Geopolitical shocks and trade fragmentation and refinery-production relocations have lengthened #tanker voyages, and increased #freight volatility.
https://t.co/NT6yKCnznH

[BreakWave @DryBulkETF]

ARAMCO SEES 'RESILIENT' OIL DEMAND WITH RECORD REFINERY RATES
Fantastic. Now we need some resilient oil supply

[First Squawk @FirstSquawk]

MULTIPLE EXPLOSIONS REPORTED AT US BASES IN BAHRAIN - TASNIM