Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
Extreme measures to contain delta variant create unprecedented backlog of dry bulk ships off China.
Rates for smaller bulkers remain at decade highs with most dry bulk stocks up triple digits since November.
Dry bulk shipping rates are now double to triple five-year averages. Stock prices of dry bulk owners are on the ascent.
The bosses of public dry bulk shipping companies claim that recent market oddities point to good times ahead.
