European shipping, logistics extend losses on tariff-driven recession fears

Dsv A/S

07/04/2025 09:09

** Shares of European shipping and logistic companies fall further amid recession concerns driven by U.S. tariffs

** Maersk MAERSKb.CO, Hapag-Lloyd HLAG.DE, DSV DSV.CO, Kuehne und Nagel KNIN.S, DHL DHLn.DE are all down around 7%

** As long as the markets grapple with the risk of an economic slowdown, shipping firms are likely to remain under pressure, Jefferies says

** Morgan Stanley analysts say that investors' focus is likely to shift to the impact of tariffs and geopolitical environment in the near term, although oversupply remains the biggest risk for the sector

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))