A rather dull market for VLCCs, as spot rates gradually soften – Summer traditionally has been a slow period for tanker shipping and this year so far proves to be no different.

The Atlantic Capesize market awakens, while weather in the Pacific could soon become a positive catalyst – In the absence of any major macro developments, the dry bulk market has recently been affected by the normal supply-demand imbalances natural to the shipping sector, where supply of ships sometimes becomes scarce due to scheduling issues.