Summer blues for crude tankers as VLCC spot rates stabilize – So far, August has been a quiet month for crude tankers, with relatively few deals concluded and limited prospects on the horizon for the VLCC market.

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.