ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs