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Trade Wars

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Carbon levy on life support at IMO as Pacifics vow to fight on

A global carbon price is unlikely to take the form of a separate levy, with IMO states converging on a compromise plan based on a greenhouse gas fuel standard

APM Terminals acquires Panama Canal Railway

During the drought that enforced serious restrictions on the canal for much of 2023-2024, the railway played a vital role in the so-called land bridge between the Pacific and Atlantic hubs

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Russia likely to retaliate following Ukraine attacks shadow fleet tankers

Sanctioned product tanker Virat and shadow fleet crude oil tanker Kairo were hit by naval drones, Ukrainian security services confirmed

BW LPG sticks to what it’s good at as uncertainty mounts

Singapore-headquartered company recently pulled out of a greenfield terminal project at Jawaharlal Nehru, India

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Red Sea traffic remains 60% lower than normal volumes

The security dynamics in the Red Sea may have changed, but analysis of vessel-tracking data reveals this has done little to reassure the majority of those that diverted to the Cape of Good Hope in the early days of the crisis

Final US port fee plan won’t be released until July at the earliest

If you’re a ship operator planning global deployments that extend beyond mid-October, you’d like to know what the rules will be for US port fees. Ship operators won’t know those rules for at least another month

Why shipping is sounding more bullish on short- and long-term risk factors

Lloyd’s List’s editor-in-chief Richard Meade brings you the behind-the-scenes chatter from Nor-Shipping 2025, where many in the industry are more optimistic about the future, despite the increasing geopolitical chaos around them

South Korean yards gain market share amid US-China tensions and global order downturn

Despite market share gains, overall new ship orders remain 45% down year on year, raising uncertainty whether South Korean yards can meet annual targets

China Shipowners’ Association opens London office

Through new initiatives such as the ‘RISING’ framework and calls for greater collaboration, China is seeking a stronger voice in shaping global maritime rules and advancing decarbonisation efforts

Global container volumes continue to surprise

Global container trade maintained steady growth in April, following a record-breaking March, as the industry continues to defy forecasts for a weak trading year. Despite US tariff concerns, Asian exports — particularly from Southeast Asia — remained strong

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