Symbol of trade war idles at sea

Ship carrying $20m in soybeans from US circles off Chinese coast

For the past month, the Peak Pegasus, a 228.6-meter-long bulk carrier weighing 43,000 metric tons, has been making circles off the coast of China because of its cargo: 70 tons of US soybeans said to be worth $20 million.

They are costly circles. The Amsterdam-based company that owns the cargo is thought to be paying about $12,500 a day to continue chartering the ship, which is circling in the Yellow Sea off the coast of the port city of Dalian. The costs have so far surpassed $400,000, according to The Guardian newspaper.