Shippers, logistics firms slide as US tariffs will affect freight flows

Dsv A/S

03/04/2025 08:46

** Shares in European shipping and logistic groups fall after President Donald Trump announced world-wide tariffs on most goods imported into the United States

   ** Shippers Maersk MAERSKb.CO and Hapag-Lloyd HLAG.DE fall 6%, logistic groups DSV DSV.CO, Kuehne und Nagel KNIN.S are down around 4%

   ** Hapag-Lloyd says it could adjust its service network in the wake of the tariffs, as it warns of impact on demand, cargo flows and costs

** "We expect freight flows to shift geographically and this shift should lead to more complex supply chains for customers", Deutsche Bank analyst Andy Chu says

** This could include more cross-border shipments, more value-added services and more warehousing requirements, Chu adds

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))