Near term, we expect increased volatility due to the tragic geopolitical events occurring in Ukraine. The Black Sea region is a major export market for grains, with Ukraine and Russia exporting a combined 15% of global seaborne grain trade. While it's too early to tell exactly what might hap...
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These irregular trades will undoubtedly add to tonne mile demand across drybulk. However, a likely reduction in overall grain movement and impacts to global GDP from both the Russia-Ukraine war, and increasing inflation will likely act to temper overall cargo volumes. On balance, when looking ahe...