Iran war boosts European logistics profits as shipping chaos persists

The Reuters piece says the U.S.-Israeli war with Iran has created shipping disruption that should boost short-term profits at European logistics firms, supporting the Europe 50 index. Higher air cargo volumes, elevated jet-fuel costs and vessels rerouted around the Cape of Good Hope have kept freight rates and margins high. Analysts (Jefferies, Bernstein, Morningstar) see stabilised or improving earnings in Q1 for names structurally advantaged by air-to-sea spillovers, though they warn energy shocks and broader economic fallout could weaken demand later in the year. Market attention is on DSV’s capital markets day on May 12 for updated targets. ING expects full Suez/Hormuz transit resumption to be delayed months, possibly until year-end, implying continued elevated rates and short-term support for logistics stocks but a clouded medium-term outlook.