Dry Bulk Shipping Rates Plunge as Owners Fret About Trade War Impact

By Alex Longley (Bloomberg) -- When U.S. President Donald Trump fired the first salvos in his trade war with China, the market for hauling bulk commodities that power the Asian country‚Äôs economy responded with a surprising surge. Now shipowners are losing their swagger. Rates to haul iron ore and coal on 1,000-foot Capesize ships plunged by 39 percent since … [Read more...]