Weather Takes Center Stage as Seasonality Bites – As the Capesize market realigns with historical seasonal trends, spot rates are beginning to reflect the limited cargo volumes typically observed at the start of the calendar year.

VLCC Futures Explode Higher Amid New Russian Shipping Sanctions – The tanker market has seen a significant surge in freight futures over the past few days, driven by a notable announcement from the U.S. imposing sanctions on over 180 Russian-linked vessels.