Clouded Horizons: Crude Tanker Freight Market Struggles Amid Weak Demand and Geopolitical Uncertainty – December continues to cast a shadow of pessimism over the crude tanker freight market, with VLCC (Very Large Crude Carrier) rates struggling to gain momentum during what is typically the peak winter demand season.

A December to Remember for Dry Bulk, as Capesize Rates Collapse – The anticipated strong finish to the year now feels like a distant memory, as Capesize spot rates have fallen to their lowest levels for this period in many years, barring the COVID-19 anomaly.