Shipping should benefit from the "phase one" trade deal reached Wednesday between US and China after a nearly two-year tariff war, according to analysts.

China has agreed to buy $200bn in US goods over the next two years, including $50bn of energy, $32bn of agricultural products, $80bn of manufactured goods and $35bn worth of services.

In exchange, US will reduce some tariffs by half and remove others that were set to go into effect last month but still keep tariffs on about $370bn in Chinese imports, down from $540bn.