Capesize Spot Rates Bounce Off Recent Lows on Positive Seasonality – Following a significant decline from recent robust levels, spot Capesize rates have rebounded and are on an upward trajectory again, consistent with historical seasonal trends.

Spot VLCC Rate Jump as Uncertainty Increases – In the lead-up to Easter holidays, VLCC spot freight rates on the Middle East Gulf - China route experienced a notable firming trend, with rates rising sharply on April 17 to one-month highs.