Soyabean tariff starts to affect freight markets
Tonne-mile demand is further hurt as not only are the volumes of US soyabean exports lower than last year, the distances sailed are also much shorter as the new destinations are closer to the US than China is, says Peter Sand, BIMCO’s chief shipping analyst
Delayed impact of July trade tariffs is hurting panama and supramax rates as reduced demand and trade switches fail to meet expectations
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