Optimism Drives Futures Higher As Spot Remains Dormant – The recent uptick in optimism regarding a sharp recovery in spot rates has led to a rise in the futures curve over the past week.

VLCC Market Cools Amid Sanctions, Holiday Slowdown, and Increased Uncertainty – The VLCC (Very Large Crude Carrier) freight market, which experienced a significant surge earlier this month following the implementation of new Russian shipping sanctions, has rapidly cooled as January nears its end.