Dry bulk market’s ‘state of uncertainty’ set to continue
The market is expected to see volatility while navigating the post-pandemic effects on demand, which should in any case outstrip supply. This would repeat the pattern of the past year and ought to lead to strong rates
The market could see a continuation of 2021’s trends, including congestion as a result of coronavirus-related restrictions and weather-related disruption, which boosted rates, say market participants. However, wild cards remain in the shape of coal and iron ore trades