US-China ‘managed trade deal’ is net positive for shipping
The Phase One US-China trade deal won’t remove the underlying causes of tension between the world’s two largest economies, but will at least stem successive rounds of tit-for-tat retaliation, and hopefully form the basis for a more beneficial Phase Two agreement
Analysts see boost for dry bulks including soyabeans and metallurgical coal, as well as crude shipments, but the jury is still out on LNG