Capesize Spot Index bounces back in the 20s… but is a correction inevitable? – Capesize spot rates staged a sharp rebound following an earlier drop into the mid-teens, with the Index moving firmly above 20,000.

Ongoing strength in VLCCs evidence of a tight market – The positive trend in rates for Very Large Crude Carriers (VLCCs), a trend that emerged in the wake of the unrest in the Middle East, has continued in November while such a favorable outlook is also reflected in other categories of crude oil tankers.