New U.S. Tariffs Reshape Global Vessel Markets in 2025

The maritime industry has seen significant shifts in the first half of 2025 due to new U.S. tariffs and escalating trade tensions worldwide. According to the Half-Year Market Report by Veson Nautical, a leading provider of maritime freight management solutions and data intelligence, these changes have had a profound impact on various sectors of the vessel market.

Impact on Vehicle Carriers and LPG Sector

The report highlights that U.S. trade policy changes have hit vehicle carrier markets hard, resulting in a 44% drop in charter rates for standard 6,500 CEU vessels and a halt in newbuild orders. Similarly, the liquefied petroleum gas (LPG) sector has also been affected, with newly imposed tariffs between the U.S. and China leading to a 25% decrease in sale and purchase volumes.

Container Ship Sector and Boxship Optimism

Despite these challenges, the container ship sector has seen a surge in newbuilding orders, with a 288% increase year-on-year. Operators are accelerating orders to meet the demand for mid-size capacity amid global uncertainty. Values for Feedermax vessels have also increased by 16.5%, indicating strong interest from buyers.

Tanker Sector and LNG Carrier Sector Pressure

In contrast, the tanker sector has experienced a pullback, with newbuilding orders down by 74% and sale and purchase volumes falling by 31%. The LNG carrier sector has faced pressure as well, with average time charter earnings for large vessels dropping by 66% year-on-year. Demolition activity in the LNG sector has increased sharply, signaling challenges ahead.

Challenges and Opportunities in the Bulker Sector

Market conditions in the bulker sector have been mixed, with buyers cautious and regulatory pressure mounting. While Capesize vessels have seen value increases due to strong Chinese demand, other segments are facing challenges. Newbuilding interest remains subdued, and demolition levels are low as owners navigate market uncertainties.

Overall, the maritime industry is adapting to a changing landscape shaped by geopolitical tensions and trade policies. Owners and operators are reevaluating their strategies to navigate these challenges and capitalize on emerging opportunities.

For more insights and analysis, refer to the Half-Year Market Report by Veson Nautical.