The war in Ukraine has entered in its third month with undeniable impacts on the economy, and particularly on energy issues.
The ripple effects of Shanghai lockdown will be all the more important as it will last a long time. If the restrictions are protracted, carriers may decide to increase port omissions and blank sailings since vessels are leaving Shanghai with a very low utilization rate that impacts freight levels. Such a measure would have an impact on the positioning of empties.
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