The change of #seaborne_freight_rates of #bulk mineral ships (#Panamax: 70000 MT and #Capsize: 100000 MT) during the previous year is demonstrated in the picture.
It is well noting that seaborne freight rate was ramping up before the increase of tensions between #US and #China. China declared new #tariffs on $75B of US goods and as a response US also ordained new tariffs against China. The increase of tensions between US and China will cause the #index of seaborne freight to come down this week!
