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TRADE

Aerial view of an industrial port area showing several large, rusting cargo ships abandoned at dock. The vessels appear weathered and inactive, surrounded by murky water and overgrown infrastructure, highlighting decay and disuse in a once-busy maritime hub

Deadweight politics

As Trump’s tariffs steam ahead, the World Shipping Council calls foul on a port fee plan that hits harder than a rogue swell

Panoramic view of Yiwu city showing the International Trade Market complex with surrounding buildings, cars, and distant mountains

How Yiwu merchants keep the world stocked

Yiwu’s merchants confront escalating tariffs with strategic diversification, leveraging global networks to sustain trade momentum amid shifting economic landscapes

A detailed table showing the tariffs imposed by the Trump administration on various countries, highlighting the economic consequences of the trade war

How Trump’s tariffs expose a global divide

The U.S. embraces trade war, Europe braces for military conflict, while Asia’s major economies strategize for stability. Trump’s tariffs reveal a fractured world order

The busy U.S. Port of Tacoma with large container ships docked, including a Yang Ming vessel, surrounded by shipping containers and cranes under a cloudy sky. A mountain is visible in the background

Editorial #9

New U.S. regulations on Chinese-built ships threaten global shipping, disrupting trade routes, increasing costs, and forcing fleet adjustments. These measures reshape maritime logistics, impacting businesses, supply chains, and the global economy

A view of Beijing’s skyline at sunset, featuring modern skyscrapers and residential buildings, symbolizing China’s blend of market-driven growth and strong state intervention

The rise and the fall of globalization

Branko Milanovic examines the trajectory of globalization, contrasting its two historic phases and assessing how Trump’s return signals a definitive break from the neoliberal world order

A high-angle view of Pipavav Terminal in India, featuring multiple container ships docked at the port. Large cranes are actively loading and unloading cargo, while stacks of colorful shipping containers line the terminal. The surrounding infrastructure includes warehouses and transport trucks, highlighting the port’s role in India’s growing trade network

Maersk’s $5 billion bet on India’s maritime future

Maersk’s $5 billion investment in India’s ports and logistics is a strategic move, but can it truly challenge China’s supremacy in global shipbuilding? The answer lies in the industry’s structure, not in political knee-jerks

A large container ship docked at a port, partially obscured by thick fog. Blue gantry cranes tower above, ready for loading and unloading. Stacks of shipping containers sit on the vessel’s deck, while trucks and port equipment line the waterfront. The overcast sky and misty atmosphere create a sense of uncertainty, mirroring the challenges in the global shipping industry

Stormy horizon for ocean shipping giants

The golden days of high freight rates are over. Overcapacity, trade tensions, and shifting alliances have turned the tide for the world’s largest ocean carriers. Can they stay afloat?

President Donald Trump speaking to Prime Minister Narendra Modi during a White House meeting on February 13, 2025, with a diplomatic setting in the background

The Indian Corridor: New ambitions, old risks

Modi’s Washington visit secured defense and energy deals but faced Trump’s tariff threats. Meanwhile, Greece, Israel, and Cyprus strengthen regional ties, betting on connectivity projects amid shifting U.S. priorities

A vibrant shipyard scene at Cochin Shipyard, India, showcasing two massive red gantry cranes labeled “COCHIN SHIPYARD.” A ship component is being carefully lifted by the cranes, while workers and infrastructure in the background highlight the bustling activity of the facility. The sky is a mix of blue and warm hues, reflecting the industrial dynamism of India's shipbuilding ambitions

A billion-dollar question: Can India outbuild China?

Can India become the next global shipbuilding giant? With Maersk’s new partnership and a $2.9 billion government push, the West may finally have a counterweight to China’s maritime dominance