It seems the consequences of COSCO’s boycott by the US is under control. The rent of huge VLCC oil tankers had a +513% surge and reached USD 254 thousand however it has taken a downward trend and dropped -60% to USD 101 thousand.

The bulk commodities price index for Panamax and Cape Size also had a +6% growth due to the trade agreement between China and the US during last week and have been almost stabilized.

A comparison between daily rent of oil tankers vs mining vessels
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