VLCC Market Slows Down Post-Chinese Holidays but Owners Remain Resilient Amid Softening Rates, Rising Oil Prices – The VLCC market has become rather inactive following the conclusion of the Chinese holidays.
The correction in dry bulk is here as spot rates look for a bottom – Although the excitement in dry bulk shipping remains unabated, Capesize spot rates have now declined by about 40% from recent highs, but remain above comparable last year’s levels, at least at the time of writing.
