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📌 Executive Summary Markets turned moderately bullish as fertilizer prices surged in North Africa and the U.S., middle distillates stabilized, and chartering rates increased. Jet A1 is experiencing tightening supply conditions due to SAF blending, while fraud cases tied to EN590 are being monitored. Arbitrage windows have shifted, and a few shipping anomalies triggered alerts….

📌 Executive Summary Mid-day intelligence confirms firming freight markets in the crude and products tanker sectors, with AG-West rates trending higher amid limited prompt availability. The Arctic and North Atlantic trade lanes continue to see weather-related delays. Dry bulk volumes are under pressure from seasonal Chinese port activity slowdown, while container space remains tight on…