Spot VLCC Rates Ease Following Recent Strong Rally – Over the past few weeks, positional imbalances have pushed freight rates toward the upper end of the recent range and at relatively flat levels versus last year.

Capesize Spot Rates Bounce Off Recent Lows on Positive Seasonality – Following a significant decline from recent robust levels, spot Capesize rates have rebounded and are on an upward trajectory again, consistent with historical seasonal trends.