Dry bulk market's 'state of uncertainty' set to continue

摘要

THE dry bulk market is expected to follow a similar trend to the past year, according to market participants. "With the holiday break behind us, the dry bulk markets return to a state of uncertainty driven by the same factors that led to the record high volatility of 2021," said US-based consultancy Breakwave Advisors. A major issue likely to continue this year is the draconian coronavirus-related disruptions in China, leading to delays and port congestion, it said in a note, while weather-related disruptions are also affecting shipping operations.