Donald Trump has ratcheted up his trade war with China threatening to raise some existing tariffs and introduce additional charges on Chinese goods.
The shift is a worrying development for shipowners, who had been hopeful of an easing of Trump's trade war with China, and crashed stocks in major Asian shipowners on Monday.
Analysts at Clarksons Platou Securities say an escalation of the trade war would be negative for shipping as it could negatively impact Chinese GDP growth and commodity import demand.
