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US-China Deal: What Will It Mean for Tanker Shipping?

January 20, 2020

The deal has been welcomed across the supply chain as a positive step to ending trade war and further trade tensions among global superpowers.

According to BIMCO’s Chief Shipping Analyst Peter Sand, the deal will deliver both trade creation and trade diversion.

Speaking on CNBC, Sand said that more than half of the said amount is expected to come in the form of crude oil.

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