GMS Week 17 – Gotarius!
Because the Trump team finally admitted defeat and resigned to the tariff plan not only for the whole world, but also in China by confirming That the tariff will not be “approaching 145%” as was originally tweeted. And while some people see the similarity of sanity that occurred, others now suspect ‘market manipulation’ to help 1% and the masses call for SEC to investigate Trump’s actions for a week. When this drama was played, the market surged again only to start down again when the US Ministry of Finance continued to see the alarming trend from massive sales of US dollars from various countries as beliefs in US financial stability began to decrease; But more importantly, the sale of reported and sustainable US treasury bonds causes cracks that grow between the US Treasury Secretary and the White House.
Plip flops from the White House caused the global market to remain crucial too because the price of goods and oil inverted this week’s course where the charter rates jumped 1.5% at the closure of Friday while the oil receded more than 1% which ended the week at USD 63/Barel. Clipflime sandals seem to be the theme this week because OPEC+ countries are also reported to see the future version of this week from the White House and advocated an accelerated output until June, meeting with the Pres. Zelenskyy During his respected Francis Pope’s funeral on Saturday, Trump commented that Russian / Ukraine conflict now seems closer to reaching an agreement. Through all of that, the Trump team’s trading attitude towards China remains firm and as a press. XI acknowledged this fact, there was still a terrible time for all of us, especially when, if minimal, car and drug trading, finance, stock markets, schools / tertiary institutions and pension savings will be affected by moving forward. At a broader end, student & intellectual and global tourism migration will be collectively will begin to decline, especially when safety not only those who visit other countries but even in their home country, where visitors collectively become victims of political differences, the world may really have completely passed the funny grip of President Trump this week.
Although some momentum is produced in the sub-brine market for the previous several weeks because the 90 day pause on the announced rates, the ship recycling market remains stopped because the ambiguity around us China has maintained volatility on the recycling of steel & currency steel prices, which then stores vessels & comments offered at the women’s rounds on steel calls above the rates offered at the time of bid & currencies, then keep vessels & comments recycling Steel plates & currencies which then keep Vessel Comments & Comments Recycling in Comments at The Recycling Plate Price & Cata ongoing restrictions to issue a Certificate of Objection (NOC) in Bangladesh has also been protracted for another week, leaving a chattogram without new arrival even though some ships have found a way to give birth. Pakistan has disappeared to the ’empty port position’ all while the new Indian price tightened him has helped him have the busiest anchors this week with nearly 40k Idling LDT in Alang. Finally, Türkiye at West End looks like the bottom falls out completely this week because the level on all boards (offers and fundamentals) drops sharply.
Overall, because the tonnage supply has not fully increased when we headed for the summer months and with Easter holidays throughout Europe now, the charter equipment remains solid and is likely to continue to eliminate the recycling market from several tonnage that is needed for another week. This is in May 2025 next week people !!
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Source: GMS, Inc. https://www.gmsinc.net/gms_new/index.php/web
