Early May Sees Strong VLCC Market Activity Despite Chinese Labor Day Holiday – In the early days of May, the VLCC freight market showed significant progress in terms of activity despite the occurrence of the Chinese Labor Day holiday from May 1st to May 5th.

Spot Dry Bulk Rates Continue to Underperform Although Expectations Remain High – The month of April proved to be a disappointment for freight futures traders as earlier expectations for a rebound in rates failed to materialize.