More evidence is trickling in from US-listed dry bulk executives as to how trade disruptions from Russia’s invasion of Ukraine are contributing to a near-term lift in rates.

However, the longer-term fallout from potential demand disruption in a global recession and closer-term damage from China’s recent upsurge in Covid-19 cases are also factors being monitored by management of New York-listed Genco Shipping & Trading and Pangaea Logistics Solutions.