VLCC Rates Continue to Soften Amid Subdued Activity and a Cautious Charterer Stance – With May fixing activity in full force, the VLCC freight market continued its descent, a trend evident across both the Atlantic and Pacific regions.

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.