Trade war finally hammers commodity ships, confounding optimists

Several shipping companies have thus far mainly reported only minor financial setbacks caused by the ongoing trade war, particularly between China and the US. Commodity shipping is now starting to feel the effects of a decline in Chinese demand.

Photo: Arkivfoto/Colourbox

The commodity shipping industry was expected to sail through the trade war unscathed.

Tariffs were being slapped on hundreds of goods and yet shipping rates for dry bulk — the segment that hauls billions of tons of coal, iron ore and crops around the globe – kept rising. No more.

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