Chinese New Year sees Capesize spot rates at 15-year highs – As the celebrations for the Year of the Dragon are underway in China, Capesize owners have their own milestone to celebrate, with Capesize spot rates at 15-year highs for this time of the year, a period that traditionally had marked the low point for any given year.

Red Sea tensions continue to impact shipping as VLCC rates decline while clean tanker rates jump – As the month of January comes to an end, VLCC rates remain soft, even though tensions in the Red Sea have caused clean product tanker rates to surge.