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 (Chinese built or non-Chinese-built) for operators that have any Chinese-built vessels in their…
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