Steady as She Goes for Dry Bulk While Summer Slowdown Takes a Toll on Volatility – It has been particularly calm in the dry bulk market, with freight futures volatility hitting multi-year lows and physical activity absent of the jumps and falls the shipping market is accustomed to.

VLCC Market Back to Year-lows as Activity Slows Down – The VLCC market is once again back to recent lows although it seems to be bottoming as the first half of August concludes.