VLCC spot market sees uptick in late September amid ongoing Atlantic challenges – Following a period of subdued fixing, the VLCC market experienced a brief period of elevated activity, which in turn pushed spot rates to relatively high levels rather fast, providing a ray of hope after the recent downturn.

Capesize spot rates approaching the 20,000 mark as seasonality kicks in – With the summer dull days coming to an end, dry bulk activity is once again picking up, and with that, Capesize spot rates have begun to creep higher, although still inside the tight range that has prevailed for most of the past 18 months.