VLCC Market Sees Unseasonal Downturn Amid Overcapacity and Rising Preference for Chinese Shipowners – The VLCC (Very Large Crude Carrier) market is experiencing an unusual downturn for this time of year, marked by low activity and a persistent drop in rates across both Eastern and Western markets.

Bottom is In; Trajectory of Recovery Depends on the Atlantic – We believe the significant correction in spot Capesize ratesthat pushed the Index down some 50% in a month’s time is now over.