This year’s bulker orderbook is shaping up to be much thinner than those of the last two years as the sector faces a host of headwinds for the rest of 2022, market watchers said.

Covid-19 lockdowns in China are discouraging capesize orders by hurting the nation’s demand for iron ore, according to Athens-based EastGate Shipping.

Meanwhile, the Russia-Ukraine war’s disruption of coal and grain flows is making dry bulk shipowners think twice about placing orders for smaller bulkers.