Shipbrokers have dismissed concerns of any market fallout following an international ruling over rights to the Spratly Islands.
The Permanent Court of Arbitration in the Hague today declared that China has no historic right to the islands in the South China Sea, which have been disputed since the 1940s.
Ralph Leszczynski, head of research at Banchero Costa, told Reuters the ruling was “just pure politics”.
“China
