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Dry Bulk Tankers and Gas Containers

What US-China trade deal means to crude, LPG, dry bulk and box shipping

  • Dry bulk rates would see short-term gains if China follows through with promised soyabean purchases over next two months
  • VLGC spot rates have spiked, in part due to vessel repositionings following agreement to pause US port fees
  • China port fee pause reduces inefficiencies and is negative for VLCC rates, but tonne-mile demand could increase if China resumes buying US crude

  • Analysis

The shipping consequences of the US-China trade deal are complicated. There is a mix of positives and negatives, effects vary by segment, and the staying power of the agreement is a crucial variable

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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