American Thinker
Monica Showalter
July 6, 2018
Excerpt:
Someone at Bloomberg went out and asked shippers and their analysts how things are going and got a big yawn.
Will somebody please tell commodity shippers there's a trade war going on?
Whether it's the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there's a theme emerging: dry-bulk shipping rates are rallying despite an escalating trade war that may yet damage China's economy.
"Freight traders don't believe in that," said Eirik Haavaldsen, a shipping analyst at Pareto Securities AS in Oslo. "They don't see that weakness. They are not afraid of China slowing down, or a massive drawdown in inventories."More...
https://www.americanthinker.com/blog/2018/07/shipping_industry_blows_off_medias_trade_war_hysteria.html
