Is this it? If this is how the end of the spectacular dry bulk spring 2021 bull-run looks like – so be it. It has been one hell of a ride. But why would it stop now? Splash Extra could counter that by questioning whether it ever actually began. Demand is down from Q4 2020 even if measured by tonne-miles. Of course demand is up from Q1 2020 – but is this that a relevant comparison. Are freight rates merely boosted by inflation, as the monetary policy madness, in particular as witnessed in the US...
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