BDRY News and Press, Breakwave Dry Bulk Shipping From 10/19/21

The port bottlenecks and supply shortages have caused goods shortages. Though, for proof that the supply chain disruption is not damaging the economy much, look no further than Friday’s report that retail sales rose 0.7% in September - a huge positive surprise, since economists wer...

Supply-chain disruptions don't look like they're going away anytime soon. Easing? Perhaps, but that doesn't/won't equate to disappearing. The number of anchored ships at major global ports continues to be extremely high; ports are filled with ships and yards are filled with containers...

BDRY focuses on dry bulk shipping freight future contracts of roughly 3 months. Port congestion and longer journeys have helped boost rates whilst the fleet order book is at its lowest level since 2003. Recent developments in China could slow down demand for industrial commodities...

Despite concerns surrounding the COVID-19 Delta variant’s impact on economic recovery, a recent improvement in retail sales is expected to boost investor sentiment and help the stock market edge higher in the near term. However, amid inflationary pressure, we think it could be wise to ...

Local lockdowns are having global consequences by affecting hubs of global supply and ocean freight capacity. Blank sailings have caused around 10% of scheduled capacity to be cut at short notice through the first half of 2021. If policies, along with the frictions that have built...

There is one critical problem for supposing the ever-so-slight calm in inflation mean anything. The Fed’s own argument of the “base effect” now works against it. One of the Fed’s biggest excuses for claiming inflation would be transitory was that most of it...

Freight rates have soared since the beginning of the year. Port congestion has increased and container availability has decreased. Shipping line shutouts have become a common feature. Rising COVID infections are resulting in increased congestion at China’s top two container por...

UST longs and/or USD shorts should not take solace in the GDP "miss". Nominal GDP registered a major 13% increase, while real GDP grew "only" 6.5%. Personal consumption expenditures rose 11.8%. The PCE deflator which adjusts nominal to real growth came in at 6.4%. Higher-than-expe...

Industrial production rose 0.4 percent in June, the eighth gain in the last nine months. However, manufacturing output, which accounts for about 75 percent of total industrial production, decreased 0.1 percent. All other industries combined (total excluding energy, high-tech, and moto...

Biden signed a major executive order on July 9 to fight anti-competitive behavior. The order primarily takes aim at detention and demurrage charges. The implications for the shipping industry do not seem to be significant, primarily given the constraints on restricting rates and a...