What would be interesting is, comparing it to the same time frame over the last 3-5 years…
May be it is a signal that the US-China Trade War is likely to continue and that’s why a depressed tanker rate. It briefly went up in the intermittent period because of expectation of easing of trade war.
This is due to US sanctions on Chinese shipping company a subsidiary of COSCO
3 replies on “Shipping : Turn of the Tide”
What would be interesting is, comparing it to the same time frame over the last 3-5 years…
May be it is a signal that the US-China Trade War is likely to continue and that’s why a depressed tanker rate. It briefly went up in the intermittent period because of expectation of easing of trade war.
This is due to US sanctions on Chinese shipping company a subsidiary of COSCO