US EditionIndustry leaders react to fees on China-linked vessels
- The Office of the U.S. Trade Representative imposed new fees targeting ships built in China starting October 14.
- This policy implements findings from a year-long Section 301 investigation.
- USTR provided exceptions for specific vessels, including those carrying U.S. Government cargo.
- "This policy will drive up the cost of shipping," states Cary S. Davis.
- Industry groups express concern the fees will increase shipping and consumer prices.
13 Articles
13 Articles
Greece Braces for Impact as Trump Targets Chinese-Built Ships
Currently, 35 percent of the Greek fleet is composed of Chinese-built vessels. Credit: AMNA The European country most vulnerable to the global trade disruption caused by Trump’s newly announced port fees on Chinese-built ships is Greece—a nation whose economy is deeply intertwined with maritime freight. In a move framed as a bid to revitalize the US shipbuilding industry and counter China’s dominance in global maritime manufacturing, the Trump a…
China’s Shipbuilders Won’t Be Only Ones Hurt by Planned U.S. Port Fees, Experts Say
China’s Shipbuilders Won’t Be Only Ones Hurt by Planned U.S. Port Fees, Experts Say - Global shipping companies and end customers will likely also pay a price for the steep docking charges on Chinese-built ships that are set to take effect in October
US To Introduce Port Fees Aimed At China
There has been much talk during the past week about USTR port fees and the impact they may have on ocean freight shipping to and from the US, with some suggesting the new fees could price Chinese carriers out of the trade. To clarify, the US Trade Representative (USTR) confirmed last week that Chinese owned or built cargo ships would be subject to additional fees when arriving at US ports from October this year. While the original plan was to ta…
China's COSCO Shipping criticises US port fees
Major Chinese ports operator COSCO Shipping opposed US accusations of China’s alleged malpractice in the shipbuilding and logistics industry and measures imposed to curb China’s dominance. “We firmly oppose the accusations and the subsequent measures,” COSCO Shipping said in a statement on 21 April. “Such measures not only distort fair competition and impede the normal […] The post China’s COSCO Shipping criticises US port fees appeared first on…
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