Washington’s Greenland gambit casts shadow over transatlantic trade prospects
- Greenland‑driven US-EU tariff clash injects unprecedented geopolitical risk into the transatlantic trade
- Potential EU retaliation raises prospect of major disruption to North Atlantic trade
- Market fundamentals remain weak, with excess capacity, soft demand and ongoing congestion
- Carriers face another loss‑making year in absence of sustained effort to curb overcapacity
Geopolitical risk will exacerbate an already weakened transatlantic container market, as a spiralling US-Europe tariff confrontation over Greenland threatens to eclipse the long‑running pressures of overcapacity, falling rates and chronic port congestion
