Hormuz crisis threatens to upend dry bulk outlook
- Lack of gas flowing through Hormuz could result in greater coal demand
- Panamax sector vulnerable from both ends of the market
- High bunker prices could limit front and back haul movement
The bulk market is not as directly affected by the Strait of Hormuz crisis as other sectors, but its effects could be felt well into 2027 if the strait remains closed for much longer
