BreakWave

What are freight futures? #drybulk #tankers

Although the potential is always there, coal prices are nowhere near the levels they reached during the 2022 energy crisis in Europe. But then again, nat gas prices are also nowhere close to the 2022 panic… 👇coal

WTO cuts global trade and growth forecasts due to Middle East conflict Goods trade growth seen at 1.4% vs 1.9% previously Global GDP forecast lowered to 2.5% from 2.8%

WTI ripping

Many expect #crude storage levels in the Middle East Gulf to reach tank tops - but do they? And should they? #tankers #markets breakwaveadvisors.com/insights/2026/…

China oil futures down...🤔

So, between insurance and the "tolls", we talking roughly $5-$7 million to transit the straights... thats like $150k additional TCE on top of the base hire... x.com/DanLinnaeus/st…

If reparations will be the ask, how likely is this to end soon?

IRAN ATTACKS DAMAGE 17% OF QATAR LNG CAPACITY FOR 3-5 YRS: RTRS sounds a lot

Freight Futures AM Update Dry Bulk Capesize: down ~6% Panamax: down ~2% Tankers VLCC: flat Suezmax: down ~2% $BDRY $BWET

Arctic: “Iranian missile strikes hit Qatar’s Ras Laffan hub, damaging LNG/GTL infrastructure. Fires are contained and no casualties reported, but impact remains unclear. With Qatar supplying ~19% of global LNG, this escalation makes a quick market normalization unlikely, raises risks to expansion plans, and points to a tighter-for-longer gas #market which is negative for LNG shipping, but supportive for FLNG exposure.” #shipping

“ Members of Iran’s parliament are working on a bill that would require ships to pay Iran for safe transit, the semi-official Iranian Students’ News Agency reports, citing a representative for Tehran.”-BBG

According to Arrow, Hormuz disruption has minimal impact on bauxite (<2% discharges in the Persian Gulf), but alumina is more exposed (~20% discharge there). Middle Eastern smelters hold just 3–4 weeks of inventory, so a prolonged blockade could force output cuts. If ~600k tonnes/month of alumina bound for the Gulf were redirected to China, it equals ~1.8m tonnes of bauxite (~10% of China’s imports). Bigger risk: Guinea may cut bauxite output from ~200m to 150m tonnes this year to support prices, potentially within weeks. #drybulk #markets

ANZ: “The UAE’s daily oil output is down by 1.8mb/d since February. Kuwait’s oil production has dropped to about 1.3m b/d from 2.6mb/d last month, according to Bloomberg News. Risk of supply disruptions started showing up in demand, with China’s biggest oil refiner Sinopec trimming run rates. Saudi Arabia is offering its customers the choice to receive their April allocations through the Red Sea port of Yanbu.” #crude #commodities

@HFI_Research TI-Brent telling you its happening

Export ban would be a catastrophic mistake. Do not ban exports.

Well well well… look at what we have here…😉

In the coming weeks, get ready to hear much more about Qeshm island, the grand jewel of Iran… the battle of Hormuz and the fate of the straits will be fought in this pristine place…

Did not pay tolls..

@ahn_dea donoussa

@DryBulkETF what ship are u talking abt,pls?

ECO fixes 675 Panelists:

“Recent market assessments indicate that WTI Midland sets the Dated Brent price approximately 50% to 54% of the time.”

When Trump finds out that the US SPR is being exported to China, what do you think happens?