Capesize Rates Continue to Climb on the Back of Favorable Seasonality – Although volatility remains subdued across the dry bulk sector, Capesize rates continue to show decent upside momentum, while we sense an air of optimism characteristic of periods preceding major rallies.

VLCC Market Strengthens on the Back of Increasing Inquiry as Hopes for a Winter Recovery Resurface – The recovery of the VLCC (Very Large Crude Carrier) market gained momentum starting in early September, with a notable firming by the end of the third week, driven by a surge in enquiries.