Splash Extra

Abyss blues

Dark times will remain especially if grain exports are impossible from South America

Climbing out of the abyss may take a little longer than it did back in February 2019 when the state of the freight market was equally appalling. Handysizes may just be all but profitable, while capesizes once again are getting beaten up for being solely dependent on China’s fading interest in importing an ever larger amount of iron ore.

Blaming it all on the rain may pull the wool on someone’s eyes, but Splash Extra isn’t fooled even though April 1 is just around the corner. Nor do we believ...

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