Reported 3 months ago
The recent 90-day trade truce between the US and China has led to a significant increase in container bookings, particularly in the shipping industry. During a discussion, Semiramis Paliou, CEO of Diana Shipping, explained that the impact of potential EU tariffs varies across shipping sectors. While car carriers and container sectors may face greater risks due to their trade ties with the US, the dry bulk sector, less exposed, may not be as significantly affected. However, disruptions in the system have been noted, especially with US agricultural exports to China shifting to other markets like Brazil.
Source: YAHOO