The Ukraine war threatens disruption to global bulk trades, but to what extent, and will the freight market benefit from changes to regular trade routes?  Meanwhile, China's "dynamic zero" public health policy to minimise Covid-19 infections is seriously denting economic growth.  Chinese demographic growth has stalled, which will  slow urbanisation and consumer spending.  And is anyone ordering low-emisison bulkers this year? How will these issues affect freight markets? Find out in our regular quarterly report.