Freight Market Vs Commodities Rally: A Match Made In Heaven?
Shipping shouldn’t get too carried away by the bullish sentiment which is prevalent in the commodities markets these days, amid talk of a new “super-cycle”. Sustainability of demand is of paramount importance when it comes to maintaining an upward momentum in the freight market. In its latest weekly report, shipbroker Allied Shipbroking said that “are we seeing a “Super-cycle” or a short term “bull-run” in commodity markets? It is rather surprising how swiftly global markets have shifted and how quickly we have come to such sort of a dilemma.