The dry bulk market continued to slide on Tuesday as a result of weak owner sentiment, while the week’s festivities at Posidonia 2022 gave a sense of better days ahead for the sector, market sources said.

Bulker spot rates have been falling since late May as China’s zero-Covid policy stunned its economy, but hope is in the Athens air as China’s businesses start reopening, according to dry-bulk ETF trader Breakwave Advisors.