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The past week was characterized by interim reports from Norden, Torm and Lauritzen. Maersk Oil opened its wallet and BW Pacific called off its planned Oslo IPO.

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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.

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