Dry bulk market: 2,500 wheat cargoes disrupted.

The Dry bulk market is in transition mode, after the disruption caused in the Russian and Ukrainian wheat exports. In its latest weekly report, shipbroker said that "the Russian invasion of Ukraine has particularly strong implications for the seaborne grains trade, with a potentially significant impact on both dry bulk shipping and most importantly on global food security. Russia is the world's single largest exporter of wheat, accounting for about 20 percent of global wheat trade in the 2020/21 season. Ukraine is also one of the top exporters of wheat, accounting for about 9 percent of global wheat trade. The conflict in the Black Sea has disrupted the flow of grains from the region.

According to shipbroker, "Ukraine has suspended port...