Shipping stocks bounce back after ‘Liberation Day’ tariff slump
- Shares of larger US-listed shipowners have recovered from tariff hit; shipping equities are currently mirroring broader market moves upward
- Tanker stocks have been the best performers during the turbulent period since early April when tariffs have dominated the news
- Most shipping shares are down sharply year on year; at this time in 2024, shipping shares were peaking and sentiment was high
In theory, stock prices take into account future expectations. If so, shipping share prices imply that investors believe trade war fallout will be less severe than previously feared
