Marhelm @MarhelmData

Shipping data, commodities, and trade flow analysis. We provide a data platform, private discord, and weekly report. Made by investors, for investors. marhelm.com The Open Ocean Joined February 2023

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Marhelm @MarhelmData

31 minutes ago

Significant gap in bulker recycling costs per day: Aliaga pays $250 vs. Alang at $468. Owners are chasing India for nearly twice the money, while EU-certified yards in Turkey struggle to compete.

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Marhelm @MarhelmData

12 hours ago

TOP 5 RUSSIAN REFINERY SUFFERS MAJOR ATTACK Russian oil exports may face pressure due to refinery attacks.

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Marhelm @MarhelmData

12 hours ago

US diesel prices surged last week, and traders expect the rally to continue if interest rates are cut.

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Marhelm @MarhelmData

12 hours ago

South Korea is restructuring its petrochemical sector by closing several naphtha crackers to address overcapacity and weak margins, but will remain a major polymer exporter.

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Russia is expanding its Arctic oil exports via the Northern Sea Route, delivering to Brunei for the first time and aiming to diversify export destinations beyond China, despite logistical and regulatory challenges.

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Marhelm @MarhelmData

13 hours ago

The US is lobbying against a UN shipping emissions deal, fearing economic disadvantages and regulatory burdens, especially for US LNG and biofuels, leading to global divisions and investment uncertainty in green shipping.

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Marhelm @MarhelmData

13 hours ago

DRY BULK MARKET SUMMARY YTD Capesize vessels have experienced volatility for a third consecutive year, failing to consolidate gains and ending the season near their opening levels. Panamaxes have been steadier, with 2025 seeing a strong rally and closing on seasonal highs.…

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Marhelm @MarhelmData

2 days ago

"Newer steel will get contracted first" H2 26 is expected to be stronger for the floaters, but Northern Ocean has been lagging behind other drillers in spite of a competitive fleet . $NOL.OL $SDRL $RIG $VAL

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Marhelm @MarhelmData

2 days ago

Danske Bank Markets: "Investors are right to keep exposure toward rig, seismic and supply to a minimum. We could be headed for a more flooded oil market than ever. $TGS $RIG $TDW

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Marhelm @MarhelmData

3 days ago

VLCCs on fire 🔥🔥🔥 Tonnage list down to ~10 ships for prompt, cargoes piling in. MEG–Asia avg $53.8k/day (+11% DoD, 2x MoM). Market running hot, owners firmly in control. $FRO $DHT $OET

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Marhelm @MarhelmData

3 days ago

Wallenius Wilhelmsen lands a 3-yr contract in Australia with a major carmaker, worth $100M+ (≈NOK 1bn). Option adds 1 yr. Deal boosts Oceania footprint & full logistics value chain control. $WAWI

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Marhelm @MarhelmData

3 days ago

New Marhelm interview with $SFL, focusing on the tanker market and recent company challenges, is live on the site

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Marhelm @MarhelmData

4 days ago

Capes: 3rd straight summer of boom-bust — 2025 peaked $31.7k/day in July, slid < $24k by Aug. Panas steady, up $10k → $16.8k/day. Supras $12k → $18.4k/day, Handys $10.8k → $13.6k/day. Small ships shine. $DSX $SBLK

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Marhelm @MarhelmData

5 days ago

Containers have been the dark horse of shipping for some time. Rates have remained attractive and the Red Sea continues to be a risky option. SFL shared some thoughts with us on what's up ahead. $SFL $GSL $ZIM $DAC

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Marhelm @MarhelmData

5 days ago

VLCC market on fire: ships snapped up east and west of Suez, relets dominate the lists. MEG/Taiwan fixed at WS65 vs WS60.83 yesterday; TD3C paper >WS70 for Sep. USG strength, OPEC+ hike talk = perfect storm? $DHT $FRO $OET $ECO

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Marhelm @MarhelmData

5 days ago

Next year we're headed for an attractive market in iron ore and bauxite. Solid economic activity, Chinese stimulus and increased iron ore from Vale and Simandou are important drivers. PT on 2020 Bulkers and Himalaya are increased to 165 NOK and $10, Star Bulk to $24. Per…

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Marhelm @MarhelmData

5 days ago

Hafnia inks preliminary deal to buy 14.45% of TORM (14.1M A shares) from Oaktree at $22/share, totaling $311.4M. Deal subject to definitive agreement. $HAFNI $HAFN $TRMD

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Marhelm @MarhelmData

6 days ago

"The current rate trends bode well for the fourth quarter and investors seem to be gradually pricing this in. Non-sanctioned oil export is up from 2 to 2,5mbpd from last year" Frontline CEO per FA. $FRO

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Marhelm @MarhelmData

6 days ago

ABG observes a slight increase of vessels passing through the Red Sea. This could be temporary, but a full reopening would mean a drop of 10 percent in containter demand. $DAC $ZIM $GSL

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Marhelm @MarhelmData

6 days ago

Arctic: In dry bulk we expect that new iron ore projects starting in 2027 will require more than 1,7 times the current orderbook for the biggest vessels. The top pick is CMBT with a PT of $11,6 $CMBT