VLCC Market Under Pressure Amid Summer Lull and Weak Demand – Despite some mid-May signs of rate stabilization that briefly lifted sentiment, the end of May paints a negative picture for the VLCC freight market across both Eastern and Western routes.

Stability Persists Albeit Nervousness Amongst Market Participants – Since early April, the dry bulk market has seen limited activity, with spot indices remaining within a broad range and freight futures gradually declining toward spot rates.