Pacific Basin: Trade war between US and China will have limited impact

Despite fluctuations, the Hong Kong-based dry bulk shipping company has positive expectations for the dry cargo market. The trade war between the US and China is expected to have a limited impact on the company's business.

Photo: Pacific Basin

The dry bulk market will continue to develop positively, while the looming trade war between the US and China is not expected to have a significant impact, notes dry bulk shipping company Pacific Basin in a market update for the first quarter 2018.

According to the company, dry cargo volumes that could potentially be hit by the US and Chinese tariffs only make up a fraction of its activities.

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