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Dry bulk: Softening of rates expected amid uncertain economic backdrop

Overall, a weaker market is expected in 2023 in terms of annual averages, due to economic headwinds, despite continued low fleet growth

Uncertainty regarding ultimate demand will lead to volatility; however, there is consensus that a rebound in China is expected to be felt in the latter part of next year as it gradually reopens its economy following its strict zero-Covid policy

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