Genco Shipping & Trading is confident that the dry bulk market will continue to improve amid low supply, despite Russia’s attack on Ukraine on Thursday.
Any disruption to commodities out of Ukraine should not have a major sector impact against a very low orderbook, chief executive John Wobensmith said.
“I think overall as a macro view, with the low supply and the low orderbook in dry bulk shipping, you just don’t need much demand growth overall to continue to build on 2021,” he said on Thursday during a fourth quarter earnings call with analysts.
