&#8220;Uncertainty over the Strait of Hormuz remains central to the outlook. A three-week ceasefire between the US and Iran allowed transits to partly recover, but safety conditions have since deteriorated. Under normal market conditions, around 4% of dry bulk cargoes and tonne-mile demand sail through the strait,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. ...<p><p>https://www.hellenicshippingnews.com/dry-bulk-shipping-el-nino-to-act-as-a-new-demand-shock-bimco-says/</p></p>