The developing trade war between the U.S. and China will have a detrimental impact on the car carrier shipping companies. The U.S. plans to apply duties to $1.5 billion of passenger car and light truck exports from China while China will retaliate with duties on $10.8 billion worth of the same products from America. Seaborne shipments from China, led by General Motors and Volvo, climbed 10% on a year earlier in the 12 months to May 31. Furthermore they rose by 25% in the month of May alone to reach a new record. Leading carriers on China-to-U.S. lanes, including Wallenius Wilhelmsen (...