Eagle Bulk CEO expects big dry bulk shifts due to Ukraine war

Significant changes in the dry bulk industry’s trade patterns will result from the war in Ukraine, foresees Eagle Bulk CEO Gary Vogel in an interview with ShippingWatch. 2022, however, could become even better than last year, he says.

Photo: PR / Eagle Bulk

The dry bulk industry actually got off to really fine start of the year. Or at least concerning a typical beginning of the traditional cycle, where rates decline after New Year’s in January, usually turning around and improving in February.

Although development in 2022 has been far from normal.

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