Carriers

Shipping stock takes a hit following global unrest

Shipping stock has reacted strongly to the troubles between the US and China, and especially China's decision to devalue its currency last week, Clarksons indicates. Even LNG carriers were set back.
Photo: PR / Clipper Group
Photo: PR / Clipper Group
by TOMAS KRISTIANSEN

Looking at shipping stock, it is evident that the conflict between the US and China is only continuing, and last week it escalated when China decided to devalue its currency.

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