Tai cautioned against the use of blanket tariffs such as those proposed by Donald Trump, who has vowed to enact 60% levies on all Chinese imports. 

The China-backed megaport has the potential to create whole new trade routes that will bypass North America entirely.

Businesses are poised to continue bringing in larger volumes of goods through the end of the year, which is normally a quieter time for the ports.

In this special report, S&P Global Mobility looks at issues specific to the auto industry and how the election outcome will impact issues important to the auto industry.

This comes as businesses have been faced with the possibility of new tariffs from the upcoming Trump administration in the U.S.

The ILA and USMX have until January 15, 2025 to avert a second East and Gulf Coast strike, just days before the start of the next presidential administration.

The demonstrations have also interrupted commercial activity in Maputo, and raised concerns about further delays to a $20 billion natural gas export project.

The Panama Canal Authority recently moved to a long-term booking system for shipping slots, which has made it easier to forecast transit demand months in advance.

The West has stepped up efforts to crack down on tankers transporting Russian oil.

Southern African ports have drawn investment interest due to the export of natural resources including critical minerals.