# Wind in bulk carriers’ sails - Splash247

> Splash247 reports that dry bulk has been highly profitable in March, with strong outlook on alternative cargoes. It also notes China's Covid lockdowns affecting steel output, a 30% share of GDP shuttered, and iron ore prices rising to $150.75 per tonne.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/42460-wind-in-bulk-carriers-sails-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

China's lockdowns reduce industrial and feed-related demand and add uncertainty to bulk shipping volumes. Strong March freight earnings reflect tight vessel availability from rerouted grain flows.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- splash247.com: https://splash247.com/wind-in-bulk-carriers-sails/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.