As explained, post–New Year developments have continued to send reverberations across the markets, directly and indirectly, following the extrication of President Maduro and his wife from Venezuela under Trump’s orders — with clear intentions around the country’s oil riches — followed by his claims over Greenland, which has since sparked a serious fallout with several European and even Canadian leaders to match.

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In the meantime, S&P markets saw at least one buyer in particular, who has been making some major plays on VLCC assets as secondhand values show few signs of deterioration — and the Baltic Exchange Dry Index echoed just that this week as it halted a nine-session slide to mark a 2.3% U-turn, climbing to 1,567 points.

This was driven by gains across segments: Capes (up 2.3%), Panamax (up 4.3%), and the smaller segments adding four points by week’s end. Notably, the overall benchmark index still finished the week down 7.2%. Oil too continued to trip on itself and stayed below the coveted USD 60/barrel mark despite a 0.4% increase, closing the week out at USD 59.44/barrel.

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