Panamax spot rates shine as grain and mineral demand increases – The past few weeks have been quite positive for the smaller size dry bulk vessels, with Panamax spot rates up more than 60% from recent lows while Supramax spot rates also have followed the move higher, though to a lesser extent.

A rather dull market for VLCCs, as spot rates gradually soften – Summer traditionally has been a slow period for tanker shipping and this year so far proves to be no different.