The global maritime sector is navigating turbulent waters as the U.S.-China trade war continues to fuel widespread uncertainty. Industry leaders say the constantly evolving tariff landscape has made long-term planning nearly impossible.
Jacob Winthereik, interim CEO of Lauritzen Bulkers, noted that with new tariffs being introduced or modified almost weekly, the industry sees no signs of stabilization in the near future.
Lars Jensen, CEO of Vespucci Maritime, described the situation as “customs uncertainty at an unprecedented level,” adding that “it’s currently impossible to plan the supply chain around U.S. trade flows.” As a result, shippers, forwarders, and carriers are being forced to rely on short-term, tactical decisions rather than strategic planning.
Major ocean carrier Hapag-Lloyd echoed the concern, emphasizing that tariffs are directly impacting demand, trade patterns, and operational costs—all while injecting even more volatility into global markets.
The broader economic impact is also being felt in financial markets. Growing fears of a global recession and intensifying trade tensions have spooked investors, prompting a sell-off in shipping stocks.
As the trade war deepens, the maritime industry finds itself in a holding pattern, awaiting clarity that may still be far off.
Source: ShippingWatch