Period rates and freight futures point to a solid recovery, but spot VLCC rates still struggle – Although sentiment in the tanker market remains upbeat, spot rates have not been able to show some solid momentum to satisfy such a bullish outlook.
Will the third time be the charm? Spot rates continue to creep higher – Despite the strong iron ore export volumes for August, the dry bulk market remains stagnant and in the tight range that has prevailed over the past three months.