12.4 C
Hamburg
Saturday, May 31, 2025
Home News World's Biggest Shipping Market Booms as Trade War Shrugged Off (Bloomberg)

World’s Biggest Shipping Market Booms as Trade War Shrugged Off (Bloomberg)

Will somebody please tell commodity shippers there’s a trade war going on?

Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may yet damage China’s economy.

“Freight traders don’t believe in that,” said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. “They don’t see that weakness. They are not afraid of China slowing down, or a massive drawdown in inventories.”

There are two main reasons why commodity shipping markets aren’t yet feeling the pinch, according to Espen Fjermestad, who follows shipowners at Fearnley Securities in Oslo. The first is that China’s economy is so far proving resilient, the second is that direct trade between the U.S. and the Asian country is relatively small within the context of overall commodity shipping demand.

Read more on Bloomberg.





Latest Posts

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...

WR Logistics announces new CEO for Italy

WR Logistics, a provider of project logistics solutions for large-scale industrial and infrastructure projects, has appointed Massimo Naldini as CEO for Italy. Naldini will oversee...
error: Content is protected !!