The Mare Analytics Intelligence Report is a 20–25 page monthly PDF covering tankers, dry bulk, and containers — with asset values, directional signals, and a named view. Here is a preview of the structure and content.
Each issue of the Intelligence Report follows a consistent eight-section structure. Every section ends with a clear directional call — bullish, bearish, or neutral — with a stated conviction level. No hedged conclusions, no uncommitted language.
The excerpt below shows the report structure, the table of contents, and selected sample content from the Capesize section. Highlighted sections marked SUBSCRIBERS ONLY are available with the €50/month subscription.
China's NBS Manufacturing PMI printed 49.5 in May — marginally below the 50.0 neutral threshold for the second consecutive month, confirming a mild contraction in factory activity. The sub-index for new orders fell to 48.9 from 49.4, indicating weakening forward demand from Chinese industrial buyers. Steel output remains elevated at 93.2Mt/month, supported by infrastructure spending, but port iron ore inventory continued to rise to 142Mt — above the five-year seasonal average of 128Mt — suggesting near-term import urgency is limited.
The IEA revised global oil demand growth down by 0.1Mb/d to 1.0Mb/d for 2025, citing weaker-than-expected OECD consumption. OPEC+ maintained its voluntary production cuts at the June ministerial meeting, leaving the market broadly balanced. TTF gas averaged €32/MWh in May — well below the panic levels of 2022–23, but above the pre-war baseline of €20–25. The Atlantic-Pacific LNG arbitrage remains marginally open.
VLCC market tightened further in May, with TD3C rates rising 12.4% month-on-month to $38,200/day as Chinese crude imports remained elevated and Middle East Gulf liftings tracked ahead of schedule...
The iron ore port stock vs seaborne spread (IOPI62 − IOSI62) closed the month at +$0.71/t — a marginal port premium, indicating no strong arbitrage toward port stocks. The 65–62 grade spread held at $20.55/t, in line with the 12-week average, suggesting mill margins are stable but not expanding. The lump premium narrowed modestly to $19.45/t versus $20.30/t in April, indicating a slight rotation back toward standard fines...
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