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Oil Traders Shun Chinese Tankers as Trump Prepares Port Fees

Summary by Oil Price

Oil traders are avoiding hiring tankers built in China amid concerns that port fees could be coming for Chinese vessels at U.S. ports as part of a plan by President Donald Trump to revitalize the American shipbuilding industry. Under the plan – not yet finalized – the Office of the US Trade Representative (USTR) proposes a per-port-entry fee of up to $1.5 million on Chinese-built vessels, and up to $1 million per-port-entry fee on any vessel (Ch…

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Todayville

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Trump Takes More Action To Get Government Out Of LNG’s Way

From the Daily Caller News Foundation By David Blackmon The Trump administration moved this week to eliminate another Biden-era artificial roadblock to energy infrastructure development which is both unneeded and counterproductive to U.S. energy security. In April 2023, Biden’s Department of Energy, under the hyper-politicized leadership of Secretary Jennifer Granholm, implemented a new policy requiring LNG projects to begin exports within seven…

2 days ago

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Oil Price

Lean Right

Oil Traders Shun Chinese Tankers as Trump Prepares Port Fees

2 days ago·London, United Kingdom

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Bloomberg

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gCaptain

Lean Left

Oil Traders Shun China-Made Ships for US Flows on Trump Levies

Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them in a bid to revive American shipbuilding.

3 days ago·United States

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AgNet West

Meat Export Federation: Trump’s Port Fee Proposal Could Hurt U.S. Exports

The U.S. Meat Export Federation (USMEF) has joined more than 300 organizations opposing President Trump’s plan to impose steep port call fees on Chinese vessels, warning it would disrupt U.S. ... Read More The post Meat Export Federation: Trump’s Port Fee Proposal Could Hurt U.S. Exports appeared first on AgNet West.

2 days ago

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Stocktonia

With Trump serious about shipbuilding, Stockton mayor wants to bring it back — but so do rival cities

The Port of Stockton has 2,000 acres of largely barren, underutilized real estate on Rough and Ready Island. Mayor Christina Fugazi would like to change that. (Photo by Sammy Jimenez/Stocktonia)With President Donald Trump vowing to revive America’s shrinking shipbuilding industry, Stockton Mayor Christina Fugazi is leading the charge to resurrect what once was one of the city’s most important industries.“This would bring thousands of jobs for ou…

2 days ago

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The Royal Gazette

Wight: US ship fees proposal an ‘existential threat’ to the island

Bermuda’s survival is threatened by the proposed million-dollar levy on Chinese-built vessels entering US ports. US Trade Representative fees targeting Chinese-built ships could cost the container shi...

3 days ago

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