Shipping increasingly caught in trade war crossfire

The US is threatening more tariffs on a new series of Chinese goods valued at USD 200 billion. This would hit the shipping industry, especially the dry bulk and container segments, informs Bimco.

Photo: Ritzau Scanpix/AP/Evan Vucci

The shipping industry is caught in the line of crossfire in the escalating trade war between the US and China, and the two countries' conflict is increasingly affecting carriers, evaluates shipping organization Bimco in a new analysis.

The US and China each have already levied import duties on the other's wares – for  list values amounting to USD 34 billion in July and USD 16 billion in August.

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