by Josephine Mason (Reuters) - A vessel carrying 70,223 tonnes of sorghum from the United States to Asia switched its destination on Thursday, data showed, becoming the latest diverted cargo in a trade flow roiled by China’s move to impose hefty deposits on U.S. shipments of the grain. The M/V RB Eden was heading to the Canary Islands’ Las Palmas, in the Atlantic Ocean, … [Read more...]
Fitch: Shipping Can Manage US-China Tariffs, But Risks Rising
The shipping industry should be able to manage the U.S.-China tariffs tit-for-tat, but risks an all-out trade war, which would be bad for shipping, are rising, Fitch Ratings said Wednesday. The container sector and, to some extent, the dry bulk sector would probably be the shipping segments most affected by the recently announced US and China tariffs, according to Fitch … [Read more...]
United States, South Korea Revise Trade Deal with Quotas on Korean Steel
By Hyunjoo Jin and Joyce Lee SEOUL, March 26 (Reuters) - The United States and South Korea agreed to revise a trade pact sharply criticized by U.S. President Donald Trump, Seoul said on Monday, with U.S. automakers winning improved market access and Korean steelmakers hit with quotas but avoiding hefty tariffs. The planned changes in the U.S.-Korea Free Trade Agreement … [Read more...]