US Crude Oil Shipments to China “Totally Stopped” amid Trade War: Shipper

(From Reuters)

U.S. crude oil shipments to China have “totally stopped”, the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world’s two biggest economies takes its toll on what was a fast growing businesses.

. . . Before (the trade war) we had a nice business, but now it’s totally stopped,” Xie Chunlin, the president of CMES (601872.SS) said on the sidelines of the Global Maritime Forum’s Annual Summit in Hong Kong.

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