Apr. 2 at 11:04 AM
$ZIM $GSL $MATX $KNOP $GASS
Trump's reciprocal tariffs sets ocean shipping industry on edge, Reuters says
U.S. President Donald Trump's tariff plan has the ocean shipping industry on edge as he fuels the fire to a trade war set to restrict transport demand and force companies to manage the fallout, Lisa Baertlein, Victoria Waldersee and Renee Maltezou of Reuters reports. Major global container shipping firms handle about 80% of global trade and are reliant on companies now being impacted by Trump's escalating tariffs. Companies in the space include ZIM Integrated (ZIM), Global Ship Lease (GSL), Matson (MATX), Knot Offshore Partners (KNOP), and StealthGas (GASS).