Research & Insights

In December, China’s iron ore imports rose +10% MoM to 112.5Mt (+11.5% YoY), closing 2024 at 1.24Bt (+4.9% YoY) despite a challenged Chinese steel sector.

In recent days, both the Biden and Chinese administrations have enacted some interesting policy changes, which have, at the very least, the potential to set the direction of travel over the coming years for the tanker markets.

Dunkelflaute in China? Despite wind hitting a record 82.4TWh in Nov’24, driven by…

Reflecting rising loadings in the Pacific since mid-October, China’s coal imports surged +26% YoY to a record in November.

Clean tankers have endured a challenging winter market. In this report we look at some of the factors, and how they might shape up heading into 2025.

OPEC+ have further delayed the unwinding of 2.2m of voluntary production cuts. Explore this short piece on the potential ramifications for the crude tanker as we head into 2025.

The year 2025 will see the divergence between deliveries of the larger Capesize/VLOC…

Last week, iron ore stockpiles in Chinese ports returned above the 150Mt-mark for…

China’s production of vehicles rose +6.3% YoY to a record 3 million in Oct’24, and it was accompanied a +16% YoY increase of the production of cold-rolled coils, the steel product used for making cars.

Unabated by repeated headlines on steel import tariffs (28 cases in 2024), Chinese steel exports in October rose +41% on a YoY basis.

Donald Trump has been elected as the 47th President of the United States. Explore out report outlining some of the key themes of a Trump Presidency that could impact the Tanker market going forward.

President Trump’s tariff policy announced during his campaign is expected to heighten trade tensions with China, top destination for US agri exports, accounting for an average of 36% from 2020 to 2023.

India’s weekly iron ore exports have surged to a new 5-year seasonal high, buoyed by post-monsoon recovery and iron ore prices holding above 100$/t.

Anticipating China’s stimulus before Golden Week? In September, iron ore output rose 12% month-over-month, rebounding to seasonal highs after a summer dip to 5-year lows.

In September 2024, China’s coal imports increased by 13% year-on-year, reaching a record 47.6 million tonnes.

The West African oil market may have gone slightly under the radar in recent months, but there is plenty to discuss and lots of potential changes that could impact the tanker markets.

USDA reports show American soybean sales have hit a 3-year seasonal high, with US Gulf and North Pacific ports becoming the cheapest sources for China.

Iron ore inventories at Chinese ports have been on a downtrend for two months, reaching their lowest levels since late May 2024, despite a 25% drop in iron ore prices from May to September.

Abruptly down in July, China’s iron ore output stayed at 5-year seasonal low level for a second month in Aug’24!

Doomed poor demand in the construction sector leading to low steel prices & production margins, the contraction of China’s steel output accelerated to -10% YoY in Aug’24 compared to -4% in the first eight months of 2024.