VLCC Supported at Record High Amid Exceptional Geopolitical Risks – Continued attacks on shipping and energy infrastructure are keeping transportation costs exceptionally high.
Capesize Spot Rates Hit Two-month Lows – Although Capesize spot rates have declined by approximately $20,000 from their early-September multi-year highs, they remain comfortably above the $30,000 threshold, representing a 40% yearover-year increase.
