# Dry Bulk Shipping: The Effect of the Trade War

> BIMCO's chief shipping analyst reports that the Baltic Dry Index rose strongly through the first three quarters of 2018 but is unlikely to climb further in Q4. Capesize demand faces headwinds from lower Chinese iron ore imports, and US Gulf to China soybean shipments are expected to fall well short of 2017 levels.

- Date: 2019-01-08 · published 2019-01-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/61285-dry-bulk-shipping-the-effect-of-the-trade-war
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker US soybean exports to China reduce Panamax demand on the Gulf-China route, which points to softer ocean freight for oilseed cargoes.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-27 | [Can dry bulks survive the next phase of the Sino-US trade war?](https://feedsoft.ai/events/62230-can-dry-bulks-survive-the-next-phase-of-the-sino-us-trade-war.md) | +5.0% | +0.9% |
| SOY | 2019-01-24 | [Trade War’s impact on grain shipping \| 2019-01-24  \| World Grain](https://feedsoft.ai/events/61014-trade-war-s-impact-on-grain-shipping-2019-01-24-world-grain.md) | +0.7% | -0.4% |
| SOY | 2018-11-22 | [DRY BULK SHIPPING: BDI WEAKNESS IN Q4, AS THE TRADE WAR LIMITS DEMAND GROWTH AND DEMOLITIONS STALL - Maritimes](https://feedsoft.ai/events/62228-dry-bulk-shipping-bdi-weakness-in-q4-as-the-trade-war-limits-demand-growth-and.md) | +0.5% | +0.2% |
| SOY | 2018-08-01 | [The bean at the heart of America's trade war](https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war.md) | -1.6% | -9.2% |
| SOY | 2018-08-07 | [Shipping markets in chaos over trade war \| 2018-08-07  \| World Grain](https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain.md) | -2.7% | -5.2% |

## Sources

- porttechnology.org: https://www.porttechnology.org/industry-insights/dry_bulk_shipping_the_effect_of_the_trade_war/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.