Dry Bulk Spot Rate Volatility Points to Ongoing Positional Imbalances Amidst Solid Volumes – After bottoming in the high-teens, the Capesize Spot Index posted a solid recovery, pushing freight rates back towards the high-20,000 level, in line with where the futures market has been trading for weeks now.

Early May Sees Strong VLCC Market Activity Despite Chinese Labor Day Holiday – In the early days of May, the VLCC freight market showed significant progress in terms of activity despite the occurrence of the Chinese Labor Day holiday from May 1st to May 5th.