(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.