Ongoing Middle East turmoil continues to push VLCC rates higher – When it comes to energy security and geopolitical turmoil, tanker rates tend to react swiftly, and this time around has been no exception.

What goes up, must come down. But how fast? – Capesize rates probably have peaked for the year. Following considerable tightness in the Atlantic, Capesize spot rates touched 31,000 last week, a level that was unthinkable just a month ago.