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