US Edition
US-China Trade Tensions Back as Port Fees Take Effect
China’s fees target nearly 16% of global oil tankers and 13% of crude carriers as part of escalating trade measures following US tariffs on Chinese vessels and port equipment.
- On Tuesday, Beijing imposed an unexpected levy of RMB400 per net ton on U.S.-linked vessels, rising to RMB1,120 by 2028, claiming it will safeguard its shipping industry.
- The U.S. announced in April that port fees would weaken China’s maritime edge, while the U.S. Trade Representative set tariffs starting October 14, with payments deferred until December 10.
- Brokers estimate a Capesize bulk carrier could face $3.8 million, mid-sized containerships $180 per twenty-foot equivalent unit, while shipowners paused bookings after several ships turned around.
- Ports and brokers warn port authorities may slow processing, making delays likely; A.P. Moller-Maersk A/S will update customers soon, while Jensen said tariffs add costs, calling them "another headwind".
- The dispute could escalate as the China Shipowners Association condemned US measures, Beijing framed its response as a legal defense, and President Donald Trump issued a 100% tariff threat, with leaders still expected to meet in South Korea later in the month.
13 Articles
13 Articles
Beijing/New York, Oct 13 (EFE).- China will impose a port tariff this Tuesday on US ships, the same day that Washington will begin to apply charges to Chinese-owned, flag or construction vessels, in a new escalation of the commercial pulse between the world's two largest economies.The Chinese Ministry of Transport specified that its tax will apply to US-owned, operated or flag vessels, as well as to those built in that country or with at least 2…
China Condemns US Port Fees, Calls Move Protectionist
China has strongly opposed Washington’s new port fees and restrictions targeting its maritime, logistics, and shipbuilding sectors, calling the measures a blatant act of protectionism that violates World Trade Organisation (WTO) principles. The Ministry of Commerce (MOFCOM) said the US actions, imposed under the so-called Section 301 investigation, undermine fair competition and discriminate against Chinese enterprises. Beijing argues that such …
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