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Dry bulk: Can this spectacular year be repeated in 2022?

Dry bulk rates reached multi-year highs as economies recovered from the pandemic-induced slump. Congestion and the containerisation effect also played a role in supporting rates, combined with slowing fleet growth. How likely is it that all these positive factors will be replicated to ensure another bumper year?

Continued demand growth  albeit at lower levels to 2021  combined with low fleet growth could keep rates buoyant, though volatility will likely persist

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