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flag The U.S. suspends a $46/ton fee on non-U.S. car carriers for one year, easing costs for Hyundai Glovis.

flag The U.S. has suspended a $46 per net ton port-entry fee on non-U.S.-built car carriers for one year, effective November 11, 2025, providing Hyundai Glovis, South Korea’s largest car carrier, relief from an estimated $137.2 million annual cost. flag The fee, imposed under Section 301 of the Trade Act and primarily targeting Chinese-built ships, was lifted following a recent U.S.-China trade truce. flag Hyundai Glovis will no longer apply surcharges to freight charges starting November 11, though it is reviewing whether to retain them for shipments between October 14 and November 9, when the fee was still in effect. flag The suspension’s future depends on ongoing U.S.-China trade developments.

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