Outlook clouded by Trump tariff ruling, overcapacity, geopolitical shocks
A cargo ship full of containers is seen at the Port of Oakland, California, last August. Growth of container throughput at global ports is expected to slow this year. © Reuters
PAK YIU and KENJI KAWASE
January 21, 2026 16:08 JST
NEW YORK/TOKYO — Global shipping activity powered through a tumultuous 2025, but experts warn of a slowdown in growth after last year’s front-loading and as new geopolitical risks loom on the horizon.