VLCC Freight Market Stabilizes Amid Geopolitics and Tariff Uncertainty – The VLCC market continues to be highly susceptible to external shocks arising from geopolitical risks, escalating marine insurance costs, and potential tariff threats.

Anemic Pacific Capesize Rates Drag the Overall Index Down – A sharp and unexpected collapse in Capesize Pacific rates, down nearly 70% in just two weeks to below $10,000, has now begun to weigh on the broader dry bulk market, with the average spot index hovering around $15,000.