Dry Bulk Rates Bounce, but Excitement seems to Fizzle as Market Balance Remains Unfavorable – Following a ~50% drop over the last month, Capesize spot rates bounced back, and currently stand above the 20,000 mark once again.

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.