Booming dry bulk market defies red flag warnings emerging from the steel complex – Once again, the Capesize sector is leading the dry bulk rally although Panamax rates have also experienced a very strong performance with spot rates now hovering close to the 20,000-mark for the first time since December.

Another short term spike comes to an end as the Atlantic market fails to inspire  – The late February uptick in VLCC rates ended up being short lived and rightly so