We have updated our market outlook and forecasts with our latest thinking on supply and demand. The more we look at the supply side, the more confident we feel for this year, though there is a slight cut to expectations further ahead.
At first glance, you would think the imposition of trade tariffs on washing machines and solar panels would be a total non-event for the dry bulk market. They are not exactly the sort of goods that get shipped in a Capesize after all. But when the two main protagonists in the dispute are worlds two largest economies, with both sides having a history of retaliatory action, it doesn’t take long for the shockwaves to be felt elsewhere.