Ports say they stand to lose about $1 billion in funding for maintenance work because the US Army Corps of Engineers’ budget is not treating so-called donor ports equally.
The sanctions list targets the shipping interests of Mohammad Hossein Shamkhani, son of Ali Shamkhani, a political adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei.
The trans-Pacific carrier said China volumes were whipsawed by the Trump administration’s trade policy, with shippers likely to slow their ordering during the third quarter.
