 "China, US to hold trade talks in October; Beijing says phone call went well")
The ongoing trade war between the US and China, coupled with slowing global economic growth, has failed to buffet the shipping market bellwether, the Baltic Dry Index, which is up almost 50 per cent since July.
Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently. In fact, the tariff war and sanctions have been a blessing in disguise since it has led to the finding of longer shipping routes which in turn employ freight vessels for longer hours to carry the same quantity of goods. “While the
