MAJOR global shipping companies, including Maersk and Cosco, which enjoyed windfall earnings last year, may face a reversal of fortunes in 2025 due to a potential reopening of the Red Sea route and looming US tariffs, reports Bloomberg News. Proposed import levies by US president Donald Trump are adding pressure on trade, while a possible long-term ceasefire in the Middle East could restore traffic through the Suez Canal, pushing freight rates lower. Global liner rates declined 5.9 per cent...
https://www.seanews.com.tr/shipping-profit-boom-evaporates-on-us-tariffs/202821/