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"I'm more concerned about swine fever than trade war"

The outbreak of African swine fever in China is set to affect so many soybean-fed pigs that it will impact freight needs significantly, say Klaveness and Norden. Right now, the situation is a bigger challenge than the trade war, says Norden's CEO.

Photo: /ritzau/Lars Krabbe

The African swine fever is set to affect China's hog production so severely that it will hurt dry bulk carriers.

China is the world's biggest producer of pigs with an annual production of approximately 440 million pigs, but the outbreak of the incurable virus is estimated to reduce China's pig production by 134 million of the soybean-fed animals this year alone, according to the US Department of Agriculture.

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