Capes AH 🚀

$BWET is up 24% over the past month, as VLCC rates have remained historically strong.lloydslist.com/LL1155733/Ship…

cape index up $6245 to $44672

Freight Futures AM Update Dry Bulk Capesize: up ~7% Panamax: up ~1% Tankers VLCC: flat Suezmax: down ~2% $BDRY $BWET

China has imported less thermal #coal each month, year-over-year, since the start of 2025. The results of which have seen Chinese thermal coal imports down by around 52mt YTD.  #drybulk #shipping breakwaveadvisors.com/insights/2025/…

Beijing’s release of the first batch of 2026 import quotas has prompted Chinese independent refiners, including both larger and smaller “teapot” refineries, to re-emerge as active buyers in the #oil #market.. breakwaveadvisors.com/insights/2025/…

Freight Futures AM Update Dry Bulk Capesize: down ~1% Panamax: down ~3% Tankers VLCC: flat Suezmax: up ~1% $BDRY $BWET Tune in for our live event here on Twitter. 10am-Noon EST

Breakwave Day 2025 starts at 10am EST! Join us for a LIVE two-hour discussion: -Dry bulk and tanker markets -2026 outlooks -Panel discussions -Perspectives from across the industry Live here on twitter and on our website: breakwaveadvisors.com/breakwaveday20… No registration required.

Breakwave Day 2025: Hear views and opinions relating to the dry bulk and tanker markets from some of the brightest minds in the industry. x.com/i/broadcasts/1…

As owners tests the Houthis’ resolve not to attack ships moving through the Red Sea, the negative impact on #tanker demand of shorter voyages through the Suez Canal is back in the spotlight. #markets breakwaveadvisors.com/insights/2025/…

The global #shipping #market closes out 2025 under the combined weight of #geopolitical tensions, shifting trade flows, and tightening regulatory demands. breakwaveadvisors.com/insights/2025/…

Freight Futures AM Update Dry Bulk Capesize: down ~4% Panamax: down ~1% Tankers VLCC: up ~2% Suezmax: flat $BDRY $BWET

Behind China’s year-end #crude quotas: What they reveal — and how they reshape sanctioned barrels. #markets breakwaveadvisors.com/insights/2025/…

#tankers

ANZ: “The #oil #market continues to hang on progress of peace deal talks between Russia and Ukraine. The probability of a ceasefire in 2025 fell from 40% in August to around 4% in early December according to Polymarkets, a real-time prediction market. Chances of such an outcome