Welcome to Breakwave Advisors Weekend Read
As the week comes to a close, take a moment to review the key insights from the past few days. Missed something? We've gathered all the top insights for you to catch up at your convenience.
Breakwave Shipping Report
VLCC Freight Market Stabilizes Amid Geopolitics and Tariff Uncertainty – The VLCC market continues to be highly susceptible to external shocks arising from geopolitical risks, escalating marine insurance costs, and potential tariff threats.
In 2010, the cotton market witnessed one of the most dramatic squeezes in recent memory.
Doric Weekly Market Insights
Brazilian crude oil shipments
This week’s Chart Market Monitor highlights the significant increase in Brazilian crude oil shipments to China, which reached a record 93.6 million barrels in Q2 2025,
Signal Ocean Tanker Weekly Market Monitor
TACOs are junk food. Diversification is salad.
Markets are essentially ignoring an escalation of the trade wars or the debt buildup. US equities are back to expensive territory, and bond yields don’t signal stress.
Forvis Mazars Weekly Note
Beyond the Barrel: How Reserves, Risk, and Production Shape Oil Trade
In energy economics, proven oil reserves refer to quantities of crude oil that geological and engineering data demonstrate with reasonable certainty to be recoverable under existing economic and operational conditions
Allied Weekly Report
China’s property sector
China’s property sector remains entrenched in a deep correction in 2025, with no signs of near-term stabilization.
Intermodal Weekly Market Report
Risk off tone weighs on sentiment
A broad risk-off sentiment due to tariff concerns weighed on commodity prices. Renewed weakness in the USD supported precious metals.
Commodities Wrap
Tankers Research Update
Trump's tariff threats spur minimal disruption to refined product flows—for now
Braemar Research
Growth in Global Grain Trade Still Expected
The United States Department of Agriculture (USDA) has released its latest forecast for the upcoming 2025/26 grain trade season and is now predicting that global coarse grain, wheat, soybean, and soymeal exports will collectively total 720.5 million tons.
From Commodore's Weekly Dry Bulk Reports
Orderbooks, Old Ships, and Sanctions
Tanker ordering activity for vessels above 25,000 dwt has dropped sharply this year, with total orders around 110 units.
Gibson Tanker Market Report