On the eve of IMO’s London gathering this week, Washington has pledged to retaliate against nations supporting what it says is a “European-led neocolonial export of global climate regulations.”
The move would substantially increase costs and reduce capacity for vehicle and equipment makers like Ford and Caterpillar who rely on vehicle carriers and ro/ro vessels to export their products, stakeholders say.
At first blush, the fees targeting US entities would affect Matson, Maersk Line and APL, part of the CMA CGM group.
