VLCC spot rates stabilize as slow summer activity takes a toll – The past fortnight has provided little new information on the direction of spot VLCC rates.

Steady as she goes, with Capesize spot rates in a tight range – With the summer doldrums in full swing, the Capesize spot market has remained in a tight range, reflecting the uninspiring chartering activity and a stable, normalized export rate when it comes to the major dry bulk commodities.