Many believe tensions between Moscow andopponents of the incursion, like the US and much of Europe, could have asignificant impact on both the drybulk and tanker markets if the conflict leadsto the disruption of regional imports and exports.

In a weeklyclient briefing Michael Webber of Wells Fargo Securities pointed out thatUkraine and Russia are important players in the grain trade, which is why hebelieves it’s important for investors with exposure to bulker stocks to monitorthe situation.

“While