Page 33: of Marine News Magazine (May 2020)

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INLAND WATERWAYS trade war – two issues that, like challenging weather condi- tions, are expected to continue into the future.

According to BIMCO, U.S. exports of dry bulk goods to

China have fallen by 18.9 million metric tons, 9.1 million of which can be attributed to lost soy bean exports.

BIMCO’s chief shipping analyst Peter Sand said, “‘Phase

One’ of the trade agreement [signed by the U.S. and China in

January] may reverse some of the lost volumes in exports to

China but it will not necessarily provide a large boost to U.S. exports. . . It also comes in the midst of the coronavirus out- break which is affecting both demand for the goods in China www.marinelink.com