Caixin
Aug 17, 2018 08:52 PM
BUSINESS & TECH

Despite Tariffs, U.S. Soybeans Keep Shipping

American farmers load soybeans from a grain bin onto a truck before taking them to a grain elevator on June 13. Photo: VCG
American farmers load soybeans from a grain bin onto a truck before taking them to a grain elevator on June 13. Photo: VCG

The Star Jennifer has become the second ship laden with American soybeans to dock in China since a punishing 25% tariff was imposed on the commodity last month, with 700,000 tons of beans worth around $20 million set to be unloaded.

Shipping data indicated that the Star Jennifer docked at the Port of Dalian on Thursday after spending about three weeks moored in the port’s approach, apparently waiting to see if the tariff would be lifted.

It follows the arrival of the Peak Pegasus, which docked on Monday. The ship had made headlines in July due to its dramatic race to reach China before the tariffs came into force, only to reach the coast hours too late.

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