Seasonal Headwinds as We Enter October – Despite relatively robust spot rates across all dry bulk segments, a note of caution for the near term is warranted.
September demonstrated how quickly the market can change when key drivers align and it will be remembered as the month that VLCCs were back in the spotlight.
VLCC Rally Gathers Pace While Winter Demand is Still Upon Us – Since early September, VLCC spot rates have smashed key psychological thresholds in both the Atlantic and Pacific basins, continuing a relentless rally that is counter to historical seasonality.
