Shipping, logistics stocks rally as U.S.-China tariff pause eases trade tensions
May 12, 2025 5:49 AM ET
By: Preeti Singh, SA News Editor
Shipping and logistics stocks climbed Monday morning after the U.S. and China agreed to a 90-day pause to the deepening trade war.
By May 14, the U.S. will temporarily lower its tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.
Shipping and logistics companies, which are highly sensitive to international trade dynamics, seem to be benefitting from this announcement, with positive movement seen in their stock prices today.
Danish shipping company Maersk ( OTCPK:AMKAF) ( OTCPK:AMKBF) ( OTCPK:AMKBY) added nearly 12%, Hapag-Lloyd ( OTCPK:HLAGF) ( OTCPK:HPGLY) rose over 12% in Germany, while Swiss logistics firm Kuehne+Nagel ( OTCPK:KHNGF) ( OTCPK:KHNGY) advanced over 5%.
Crude tanker bellwether Frontline ( FRO) added +2%, Dorian LPG ( LPG) +4.4%, Navigator Holdings ( NVGS) +1.8%, International Seaways ( INSW) +1.7%, Teekay Tankers ( TNK) +3.7%, DHT Holdings ( DHT) +1.4%.
On the clean product side, Hafnia ( HAFN) rose +2.4% and Torm (NASDAQ: TRMD) +4.4%.
NYSE-listed shares of Israeli cargo shipping firm ZIM Integrated Shipping Services (NYSE: ZIM) rose over 13% premarket, while container shipping firm Matson ( MATX) gained +7%.
Among third-party logistics providers, Uber (NYSE: UBER) advanced +4.7% premarket, FedEx (NYSE: FDX) added +3%, United Parcel Service (NYSE: UPS) +4.8%, CH Robinson Worldwide ( CHRW) +3.4%, Amazon (NASDAQ: AMZN) gained +7.8%, Expeditors International of Washington ( EXPE) +1.3%. |
