ºÚÁϳԹÏÍø

Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

Container liners are starting to sever shipping routes that link the U.S. and China across the Pacific, as President Donald Trump’s trade war upends the industry.

Hoegh Autoliners ASA, an Oslo, Norway-based car carrier, said that a plan to impose fees on foreign ships calling at U.S. ports could cost the company as much as $70 million.

The Trump administration took steps to impose levies on Chinese vessels docking at U.S. ports, threatening to shake up global shipping routes and escalate the trade war.

President Donald Trump has proposed a fee of at least $1 million each time a Chinese-operated or Chinese-built ship enters a U.S. port.

Members of the International Maritime Organization — with the United States noticeably absent — agreed on the first global tax on greenhouse gas emissions.

The U.S. abandoned global talks aimed at cutting shipping’s carbon emissions and threatened to counter against any fees that the country’s merchant fleet incurs if the initiative proceeds.

Governments from across the world gather in London this week to thrash out a landmark global carbon charge for the shipping industry. There’s optimism that Washington won’t derail the process.