A softened dry bulk market should firm up over the rest of the year despite concerns around China’s Covid-19 lockdowns, the Russo-Ukrainian war and Brazil’s rainy weather, analysts say.
Average bulker spot rates slid over recent weeks as a result of these uncertainties but should recover as supply remains tight for 2022, B Riley Financial’s Liam Burke told TradeWinds.
“With fleet growth anticipated to grow 2.7%
