Nickel trading was suspended in London, oil reached $130 per barrel in New York and gas prices are through the roof in Europe. Carbon prices have collapsed, Ukraine ports are closed, the crewing market is rattled, marine insurance costs have risen, tanker rates gyrate and sanctions change every other day.
Equity prices have slumped, initial public offerings have been postponed and Bimco warns that all shipping growth targets need to be put back.
