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US-China tariff ceasefire to restore dry bulk trade flows

In a much-anticipated working dinner in Buenos Aires following the G20 summit, the US and China agreed to a temporary tariff ceasefire. The agreement is expected to restore bulker trade flows and reinstate shipments that had come to a halt between the two nations

The immediate restoration of grains and steel imports would induce longhaul shipments, which is likely to boost tonne mile demand

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