Commodore

Actual research at

[Commodore @CommodoreJL]

China’s iron ore port stockpiles are still 80 million tons lower than their total capacity. Much more for clients in today's Weekly Executive Report

[Commodore @CommodoreJL]

BDRY @DryBulkETF ended this week down 3% on low volume

[Commodore @CommodoreJL]

As we have continued to stress in our Weekly China Reports and Weekly Executive Reports, it is global iron ore mining that drives China's iron ore import volume, and not China's steel output or iron ore port stockpiles. We remain bullish for China's iron ore import prospects

[Commodore @CommodoreJL]

Global grain export forecast has been raised for eight straight months, and approximately 835 more grain cargoes are now expected for this season compared to last season. Much more for our subscribers in this week's Weekly Executive Report

[Commodore @CommodoreJL]

@bryce_m88 @tuvidux Thanks for this, good example of how I have been helping my clients

[Commodore @CommodoreJL]

Trading the war? Trade BWET

[BreakWave @DryBulkETF]

New all-time high NAV for $BWET

[Commodore @CommodoreJL]

@AllVentured Respectfully, or Zimbabwe?

[Commodore @CommodoreJL]

Last week saw more dry bulk vessels chartered in the spot market than during any other time this decade. Much more for our clients in this week's Weekly Executive Report

[Commodore @CommodoreJL]

Have tanker questions? Ed is legit...

[Ed Finley–Richardson @ed_fin]

4. I don’t advertise often, but I am making an exception today because most people who read my tweets don’t even know I have a Substack + consulting business for
• institutions
• funds
• high net worth individuals.

My email is in my profile.

Now back to the good stuff. 🫡

[Commodore @CommodoreJL]

My feed this morning, a little after market open... There's Calvin, and there's Ed... be like Ed @ed_fin / @contang_o. Buying tankers after the open was the move today

[Commodore @CommodoreJL]

@ed_fin You're on fire today, man

[Commodore @CommodoreJL]

Got tankers?

[BreakWave @DryBulkETF]

$BWET is currently the world's best-performing non-leveraged ETF with year-to-date returns nearing 200%. On "Bloomberg ETF IQ," Katie Greifeld and Eric Balchunas report.
https://t.co/FE2lEXPs6p

[Commodore @CommodoreJL]

Up up up @DryBulkETF

[BreakWave @DryBulkETF]

$BWET among the top-performing ETFs of 2026 so far
https://t.co/4M1apfFiHI

[Commodore @CommodoreJL]

Shipping, this is the way @DryBulkETF

[BreakWave @DryBulkETF]

$BWET NAV All-Time High
$BDRY NAV 52W High

[Commodore @CommodoreJL]

@DryBulkETF

[BreakWave @DryBulkETF]

As $BWET hits $40 for the first time ever, here is the 1-year performance of tankers:
$CMBT :+15%
$STNG: +38%
$DHT: +27%
$FRO: +60%
$TEN: +43%
$NAT: +55%
$INSW: +51%
$ECO: +61%
$BWET: +232% 🚀

[Commodore @CommodoreJL]

@AllVentured This is so accurate I wish you hadn’t tweeted this

[Commodore @CommodoreJL]

At Commodore, we're different.  Have your research providers been bullish for dry bulk and the capesize market?  Have they been writing not to worry about China's ongoing steel production contraction and robust iron ore port stockpiles?  Have they been remaining unabashedly bullish for China's iron ore imports prospects?  Despite capesize rates falling another 16% at the time, did they believe there was a good chance that capesize rates -- and all rates -- would increase?  We continue to help our clients and would love to work with your company as well

[BreakWave @DryBulkETF]

New All-time High for $BWET NAV
New 52W High $BDRY NAV

Shipping rates moving fast

[Commodore @CommodoreJL]

@joeriwestland @DryBulkETF https://t.co/iHk0WNQ37X