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Cosco Shipping, already expected to report weaker third-quarter earnings, could face an additional $1.5 billion to $2.1 billion in fees in 2026.

China announced Oct. 10 that it would impose fees on U.S. ships in retaliation for similar measures due to be imposed by the Trump administration Oct. 14.

They would take effect on Oct. 14, the same day that the United States is due to start imposing port fees on Chinese vessels.

The U.S. is set to start charging large Chinese vessels millions of dollars when they call at American ports from Oct. 14.

U.S. port fees on China-built vessels are due to commence Oct. 14.

Mario Cordero, who has served as CEO since May 2017 and oversees about 600 workers, has guided  one of the busiest seaports in the nation through an era of record-breaking container volume.

Port container volumes remained strong in August as shippers angled to outmaneuver President Donald Trump’s unpredictable trade policies while also getting a jump on the holiday season rush.

Both operations will run through the Talleyrand Marine Terminal, where Enstructure Auto Logistics signed a long-term lease last year to expand its auto-handling capacity.

The cost of a new Port of Montreal terminal that Canadian Prime Minister Mark Carney says is in the national interest has soared to about $1.7 billion, according to a Cabinet minister.

Shorting Maersk stock during a global trade war may seem like a sure bet. But investors who’ve loaded up on the trade since April have so far only been handed big losses.