Jefferies 2Q20 Quarterly Preview: Tankers passing the torch to Dry Bulk for the summer- Crude and refined products tanker rates hit a peak and reversed to the downside as floating storage demand gave way to inventory destocking- Dry bulk rates remained below Opex levels before the best one-month performance ever in June as Chinese steel production hit record highs and Brazilian iron ore exports ramped- Jefferies Maritime Equity Research, July 21, 2020