Uncertainty Looms for VLCCs as Activity Slows Down – Another rally in spot VLCC rates ended up being just a short-term spike, as spot rates are back to mid-August lows after hitting multi-month highs.

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.