BIMCO: Phase one deal will deliver both trade creation and trade diversion (CNBC 02:39)

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BIMCO: Phase one deal will deliver both trade creation and trade diversion (CNBC 02:39)

BIMCO: The “Phase one deal” delivers a mixed bag for the global shipping industry. But overall positive to see the first non-escalation of the trade war.

Oil tankers are likely to benefit, dry bulkers too, but a bit further down the road, while more back-haul containers on the Trans-Pacific will only impact the container shipping industry in a limited fashion. What matters for container shipping is more boxes on the Eastbound TP leg.

BIMCO Analyst: Phase one deal will deliver both trade creation and trade diversion cnbc.com