Hanwha Shipping’s expansion comes after the U.S. Trade Representative unveiled a proposal that would impose fees on Chinese-built vessels at U.S. ports.

Progress toward slashing greenhouse gas emissions from international ocean shipping is well along, but the question of how ship operators will afford greener fuels remains unanswered.

Under the measures, Chinese ship owners and operators will initially be charged $50 per ton of cargo, rising by $30 a ton each year for the next three years. 

U.S. imports fell by 64% between March 31 and April 8, while U.S. exports dipped by 30%, driven in large part by the fallout from sweeping tariffs announced by Trump.

Aponte and his family-controlled Terminal Investment Ltd. are the main investors in a consortium looking to buy 43 ports from Li Ka-shing's CK Hutchison Holdings.

CBP's claim that it collects over $200 million in tariff revenue each day contrasts with President Donald Trump’s figure of $2 billion per day. 

There's huge potential for the development of port and logistics infrastructure in Latin America — but there are also some significant hurdles to be overcome, says Curtis Doiron, chief executive officer in Chile for DP World.

The approved measures, set to be formally adopted in October 2025 before entry into force in 2027, will become mandatory for large oceangoing ships over 5,000 gross tonnage.

Even balanced against elevated levels earlier this year, total 2025 cargo volume could show a net decline of 15% or more unless the situation with tariffs changes.

The European Council estimated that 52,000-184,000 metric tons of pellets were spilled into surrounding environments in 2019.