A shipment of soya beans worth more than $20m has been bobbing aimlessly in the Pacific Ocean for a month aboard the 'Peak Pegasus', a casualty of the escalating trade war between China and the US. The bulk carrier was scheduled to unload about 70,000 tonnes of American soya beans in the Chinese port of Dalian on July 6, 2018, shortly after Donald Trump imposed a first round of tariffs on $34bn-worth of goods. As it rushed to shore in the hope of clearing customs before Beijing imposed retaliatory tariffs, the ship – and its protein-rich cargo – became an unlikely internet sensation on the Chinese social media platform Weibo. However, the vessel arrived just too late and has been sailing around in circles ever since while the cargo’s owners, understood to be the agricultural commodity trading house Louis Dreyfus, decide what to do.
WORLD SHIPPING
09 August 2018 - 18:00
Bulkcarrier victim of Trump policy
A shipment of soya beans worth more than $20m has been bobbing aimlessly in the Pacific Ocean for a month aboard the 'Peak Pegasus', a casualty of the escalating trade war between China and the US
WORLD SHIPPING
09 August 2018 - 18:00
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