ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Photo: PR-FOTO

Dry bulk carriers are experiencing a tough start to 2022 after experiencing soaring rates for most of last year.

Several factors have shocked the market, says Arrow Shipbroking Head of Research Burak Cetinok to ShippingWatch.

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