China's 🇨🇳 share of global metals and minerals processing. Positioned to produce not just what the world wants, but what it needs.

MSC ordered 8 NB VLCCs more. They have ordered 18 VLCCs YTD. MSC shares control of Sinokor with owner Ga-Hyun Chung (gcaptain.com/msc-formalizes…). Between both, they will have a massive position in VLCCs. Source: Intermodal and gCaptain $FRO $OET $DHT $CMBT $HUNT #tankers

中国在关键电力与电网设备领域的全球市场份额仍处于较低水平，截至2025年，变压器、高压开关设备以及燃气轮机叶片的全球市场占有率分别约为11%、6.5%和2%。这一份额远低于中国在光伏组件（80%）或电动汽车电池（70%）等其他出口导向型产业中的主导地位。鉴于中国供应商在产能和产品交付周期方面具备优

4 charts, 1 conclusion Crude is piling up on water ships stranded, no way through. Global onshore inventories are falling off a cliff toward all-time lows by end of May. China's April imports collapsed to 8.1mbd against a 10.6mbd 2025 average. May forecast: 7.8mbd. The crude

14.5 million barrels per day are Gone. Gulf crude production is down 57% in April and Goldman says full restoration takes "a few months" even after Hormuz reopens. 🇸🇦 Saudi Arabia: −4.0 mbd 🇮🇶 Iraq: −3.0 mbd 🇦🇪 UAE: −2.7 mbd 🇮🇷 Iran: −2.5 mbd 🇰🇼 Kuwait: −1.2 mbd 🇶🇦

Did you know this???

China’s export restrictions are worsening a desperate situation. Hormuz closure + China export restrictions: - Sulfuric acid: 48% blocked + 9% China restriction - Urea: 35% blocked + 9% China restriction - DAP/MAP phosphate: 25% blocked + 13% China restriction - Jet fuel: 22%

Diesel and jet fuel shortage is worsening. - Asia accounts for ~37% of global refining - ~2/3 of its crude comes out of Hormuz - Those imports are down ~22% YoY - Refineries were forced to cut runs by ~2.7 mbpd The problem isn’t just “less crude,” it’s which crude. Middle

UAE is responsible for 4.5% of global oil output while OPEC controls ~31% of total oil output (47% for OPEC+) Oil still accounts for 30% of UAE's GDP The dismantling of OPEC is a boom for US, which already is the worlds largest supplier of oil & gas

There hasn't been a VLCC loaded with Iranian oil transit the Strait of Malacca since April 24 Windward shows. That's a significant and telling figure. Why? It shows that the U.S. blockade has more than halved shipments reaching Asia over the past 12 days, and is the longest

Taiwan Q1 GDP up 13.69%.

"The US doesn't import oil from Hormuz and exports a lot of oil... the US is winning" Sure. The US barely imports oil via Hormuz... but Asia does. And Hormuz is the lifeline for their energy supply. Why the US should care: - China and India accounts for ~80% of US generic

The reasoning behind this appears to be twofold. First, with abundant domestic inventories and strictly restricted export routes, the profitability of Chinese refiners has severely deteriorated. Many are already facing negative margins, yet they find themselves in a difficult

Poten & Partners: “Prior to Maduro’s arrest, the majority of Venezuela’s exports were moved on sanctioned dark fleet vessels, mostly ageing VLCCs headed to China. Now, mainstream #tankers have taken over these trades. A more diverse customer base has also created more employment

Oil majors just reported Q1 2026 earnings. 🔵 Shell: $6.9bn highest in 5 quarters, up 23% YoY 🔵 BP: $3.2bn more than doubled vs Q1 2025 🔵 TotalEnergies: $5.4bn up ~29% YoY 🔴 Exxon: ~$4.9bn down 37% YoY, lowest in 5 quarters 🔴 Chevron: ~$2.2bn lowest reading in the

China spent the last decades investing heavily in the mining sector… the West was happily letting them do the dirty work. Now that China controls up to 90 percent of that space, the West is waking up to the fact that mining and critical minerals are actually needed. AI,

Brazil's share of China’s total crude imports rose from around 10% in January to roughly 18% in April, even as China’s overall import demand weakened. The 1.43 million b/d of Brazilian crude that Chinese refiners bought last month is a record high.

根据Bernstein Research的数据，中国供应商在全球原始硅晶圆产能中的份额已从2020年的仅3%迅速提升至2025年的约28%，并预计将在2026年增长至32%。这一产能扩张与中国政府设定的目标相符，即到2026年实现芯片制造商所用硅晶圆的国内自给率超过70%。 来源：Nikkei Asia

China punishing Panama after losing control of Panama canal. Majority of vessels detained in China in 2026 are Panama flagged vessels. INTERTANKO continues to monitor Port State Control activity worldwide. A recent review of data shows that China conducted some 558 inspections