Shipping consultancy Drewry is warning of the potential long-term adverse affects on LNG shipping markets of the US-China tariff war, despite its immediate impact being muted.
The warning comes as the market has heated up on tight vessel supply entering winter, even as Beijing imposed a 10% tariff on US LNG imports on 24 September. That toll is set to increase to 25% early next year if the White House keeps its promise to hike tariffs further on Chinese goods.
