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The Covid trade is over: Rates across key bulker segments fall

Home | Press | The Covid trade is over: Rates across key bulker segments fall

Giuseppe Rosano could not make any sense of why all markets across shipping are behaving so illogically these days.

“On the wet, the VLCCs have also tanked, yet the oil price is rising,” said Giuseppe, founder of UK broking house Alibra Shipping.

“We are all trying to understand this yo-yo market, but I feel it will get a tad worse before it gets better.”

Trade Winds Mast Head

Giuseppe Rosano could not make any sense of why all markets across shipping are behaving so illogically these days.

“On the wet, the VLCCs have also tanked, yet the oil price is rising,” said Giuseppe, founder of UK broking house Alibra Shipping.

“We are all trying to understand this yo-yo market, but I feel it will get a tad worse before it gets better.”

By Michael Juliano (Stamford)

(Originally published at Tradewindsnews.com – 13 January 2023)