Shipping stocks in the firing line as Trump tariff threats mount
- Product tanker stocks have been the worst performers this year; some multi-segment owners are also suffering large share price declines
- VLCC owner DHT is significantly outperforming other crude tanker equities
- Shares of container shipping companies are mixed, with Zim performing the worst, down 20% year to date
The drumbeat of tariff announcements out of the US is weighing on the entire stock market, including shipping equities. Ocean transport demand is driven by global economic growth. The concern is that a US-induced trade war would stifle that growth