Splash Extra

The dry bulk bounce

Don’t be hoodwinked by bullish FFA numbers for the rest of the year

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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