In details published by state broadcaster CCTV, China spelled out specific provisions on exemptions, which also include empty ships entering Chinese shipyards for repair.
“This tit-for-tat symmetry locks both economies into a spiral of maritime taxation that risks distorting global freight flows,“ Athens-based Xclusiv Shipbrokers said in a research note. Early this year, the Trump administration announced plans to levy the fees on China-linked ships to loosen the country’s grip on the global maritime industry and bolster U.S. shipbuilding. An investigation during the former Biden administration concluded that China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, clearing the way for those penalties. China hit back last week, saying it would impose its own port fees on U.S.-linked vessels from the same day the U.S. fees took effect. “We are in the hectic stage of the disruption where everyone is quietly trying to improvise workarounds, with varying degrees of success,“ said independent dry bulk shipping analyst Ed Finley-Richardson. He said he has heard reports of U.S. shipowners with non-Chinese vessels trying to sell their cargoes to other countries while en route so the vessels can divert. Reuters was not immediately able to confirm. Analysts expect China-owned container carrier COSCO to be most affected by the U.S. fees, shouldering nearly half of that segment’s expected $3.2 billion cost from those fees in 2026. Major container lines, including Maersk, Hapag-Lloyd and CMA CGM, slashed their exposure by switching China-linked ships out of their U.S. shipping lanes. Trade officials there reduced fees from initially proposed levels and exempted a broad swath of vessels after heavy pushback from the agriculture, energy and U.S. shipping industries.
China’s commerce ministry on Tuesday said, “If the U.S. chooses confrontation, China will see it through to the end; if it chooses dialogue, China’s door remains open.” In a related move, Beijing also imposed sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean which it said had “assisted and supported” a U.S. probe into Chinese trade practices. Hanwha, one of the world’s largest shipbuilders, owns Philly Shipyard in the U.S. and has won contracts to repair and overhaul U.S. Navy ships. Its entities also will build a U.S.-flagged LNG carrier. Hanwha said it is aware of the announcement and is closely monitoring the potential business impact, and that it will continue to provide services to its customers, “including through our investments in the U.S. maritime industry and via Hanwha Philly Shipyard.”
Shipping lines scramble for workarounds
“What are we going to do? Stop shipping? Trade is already pretty disrupted with the U.S., but companies are finding a way,“ said the consultant, who requested anonymity because he was not authorised to speak with the media. The U.S. announced last Friday a carve-out for long-term charterers of China-operated vessels carrying U.S. ethane and LPG, deferring the port fees for them through December 10.
Clarksons Research said in a report that China’s new port fees could affect oil tankers accounting for 15% of global capacity. Jefferies analyst Omar Nokta estimated that 13% of crude tankers and 11% of container ships in the global fleet would be affected.
In a reprisal against China curbing exports of critical minerals, Trump on Friday threatened to slap additional 100% tariffs on goods from China and put new export controls on “any and all critical software” by November 1. Administration officials hours later warned that countries voting in favor of a plan by the U.N. International Maritime Organization to reduce planet-warming greenhouse gas emissions from ocean shipping this week could face sanctions, port bans, or punitive vessel charges. China has publicly supported the IMO plan.
Shares in Shanghai-listed COSCO rose more than 2% in early trading on Tuesday. The company said its board had approved a plan to buy back up to 1.5 billion yuan ($210.3 million) worth of its shares within the next three months to maintain corporate value and safeguard shareholder interests.
The shipping firm did not immediately respond to Reuters’ queries about the port fees. - Reuters
Hence then, the article about us china roll out tit for tat port fees threatening more turmoil at sea was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( US, China roll out tit-for-tat port fees, threatening more turmoil at sea )
Also on site :