Euronav Identifies US Politics and China’s Economy as Potential Threats to Shipping Progress – Reuters

TL/DR –

Marine shipping company, Euronav, has highlighted U.S. politics and the Chinese economy as potential risks to the shipping sector’s momentum. The firm stated that while the U.S. presidential transition is likely to bring changes, the impact on the shipping industry is still unknown. Concerns were also raised about China’s heavy industry policies and the potential for these to affect charter rates and vessel values.

US Politics and China’s Economy Threaten Shipping Momentum, Euronav Indicates

Maritime transport company Euronav is cautioning about potential risks the shipping industry is facing due to unstable US politics and China’s wavering economy.

As reported by Reuters, these two external factors could significantly impact the global shipping industry’s upwards momentum in the long term.

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