The USTR’s newly proposed rule is more targeted in its application and timeline than earlier proposals. The possibility for cost impacts on the U.S. trades is nonetheless real.

Freight between the U.S. and Canada was down 13.6% from April 2024, while freight between the U.S. and Mexico declined by 3.8% year on year.

The Hong Kong Convention addresses key environmental, occupational health, and safety risks involved in the recycling of ships.

The USTR also has yet to provide details who would be collecting the fees, or how the money would be directed back into U.S. shipbuilding, said World Shipping Council CEO Joe Kramek.

The Burns Harbor grain terminal first opened in 1979, and helped move more than 500 million bushels of corn and soybeans up until its closure in 2023.

Henry Wilkinson, chief intelligence officer with Dragonfly Intelligence, describes the current threats to global shipping and aviation posted by geopolitical conflicts.

China's UN Ambassador Fu Cong said all parties should restrain "the impulse of force... and adding fuel to the fire," according to a state-run CCTV report. 

European Union’s naval force warned of a severe threat to ships linked to the U.S. and Israel, and a low risk for all other ships.

The new wharf, designed in compliance with the Port’s seismic code, partially replaced a timber wharf that was extensively damaged in a fire in 2014.