With a single Tweet from President Trump, the flames of the US and China trade war have rekindled and rattled the global markets, based on an article by Freight Investor Services.
Political instabilityPolitical instability between the US and China shook market confidence and prompted falling freight rates. However, the falls were also accelerated by lack of cargoes from Brazil after a court ruling reversed the restart of Vale’s Brucutu mine.
Limited Seaborne iron ore cargoes from Brazil- Iron ore...
http://mfame.guru/drybulk-ffa-marketffas-rise-amid-escalating-us-china-trade/