Savvy shipowners know that this industry - notorious for its peaks and troughs - has become super volatile during the pandemic with all the main sectors experiencing earnings up by at least 100% as well as down by 50% since the start of 2020.

Owners have had to get used to this level of whiplash over the past couple of years and to stick with their core investment beliefs despite the see-sawing earnings charts placed in front of them.

Hence the stoicism seen by dry bulk owners over the pa...