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Shipping Industry Braces for Chinese Trade War

(Aaron Smith – CNN)

The shipping industry has a lot to lose in a potential trade war between the US and China.

Millions of jobs and the bottom lines of major maritime shipping companies, which account for 80% of all global trade, depend on goods traversing the oceans.

Even in times of robust trade, shipping industry profit margins tend to be slim — about 3%, according to Simon Heaney, senior manager of container research in London for Drewry, a maritime research consultancy. Click here to read more.

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