Its Always Darkest Before the Dawn: Capesize Rates Should Find a Bottom in the Next Two Weeks – Although we are still in the midst of a summer slowdown for dry bulk shipping, we anticipate a gradual bottoming and turnaround in spot rates prior to the end of August.

VLCC Market Sentiment Rebounds but Excitement Might Be Short Lived as Volumes Remain Subdued – The second half of July proved to be a sharp contrast to the earlier month’s weakness, with the final week bringing improved market sentiment for the VLCC Middle East Gulf to China route and a firmer momentum in the Atlantic market.