# Dry bulk’s binary coronavirus fate: Snap-back or wipeout - FreightWaves

> Golden Ocean's chief commercial officer said on its quarterly call that coronavirus is significantly disrupting trade flows and that a normal recovery is unlikely soon. Dry bulk owners have written off the first half of 2020, and analysts see second-half freight rates as either very strong or very weak. An Arrow Shipbroking note cited signs of a possible Chinese infrastructure stimulus.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/54790-dry-bulk-s-binary-coronavirus-fate-snap-back-or-wipeout-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The outlook depends on whether the virus is contained and whether China restarts steel-related imports, which are the main drivers of dry bulk freight. Until that is clearer, ocean freight direction remains uncertain.

## Read by commodity

- OCEANFRT: neutral

## Sources

- freightwaves.com: https://www.freightwaves.com/news/dry-bulks-binary-coronavirus-fate-snap-back-or-wipeout

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