As we discussed in Commodore Research's most recent Weekly China Report, China's retail sales in September grew year-on-year ...

Both ways of moving oil out of the Hormuz strait remain inefficient. Both in September and in October, a single voyage takes around 10 days from entering the Gulf to exiting it. A shuttle tanker needs ...

• Coal: The commitment for China to import at least 10 Mt of US coal annually in 2027 and 2028 could increase long-haul ...

The VLCC market spent the past week retreating from record highs, but it has not softened by much. Lloyd’s List describes crude tankers as in correction after the Hormuz-driven “super spike”, with ...

The latest developments in US–Russian energy relations could mark another turning point for the product tanker market, as Washington's decision to temporarily ease sanctions on Russian diesel opens ...

As we discussed in Commodore Research's most recent Weekly Executive Report, it remains helpful for the dry bulk market that industrial production — including manufacturing production (which is the ...

• Capesize Spot Index Stabilizes but Risk Remain Abound – The recent correction in Capesize spot rates appears to have established a floor, with the index stabilizing just below the 30,000 mark after ...

As we discussed in Commodore Research's most recent Weekly Executive Report, China’s coal production totaled 385.1 million tons in September. This is up month-on-month by 23.3 million tons (6%) but ...

The VLCC market is softening, but we contend that the downside is limited. Exceptionally high freight costs have softened long-haul Atlantic-to-Asia demand. Asian refiners are increasingly favouring ...

Atlantic Basin crude differentials fell to record lows in mid-October (Argus), but discounts have failed to offset the cost of shipping barrels to Asia. VLCC freight to Ningbo costs $8-16/bbl more ...