More
    HomeAsian NewsChina’s shipyards breathe sigh of relief as US scales back port-fee plan

    China’s shipyards breathe sigh of relief as US scales back port-fee plan

    Published on

    Washington’s scaled-down port-fee plan has reduced the pressure on China’s shipyards while increasing the burden faced by major shipping carriers, analysts said.

    The US Trade Representative (USTR) unveiled its finalised plan to charge Chinese-linked ships to enter American ports on Thursday, with the latest version of the rules containing several key changes.

    For Chinese shipyards, the most significant change is the scrapping of a previous plan to charge fees to shipping companies based on how many Chinese-made vessels they had in their fleets and the number of orders they had placed with Chinese shipbuilders.

    That earlier rule meant companies would have faced charges even when one of their non-Chinese-built vessels entered a US port, placing them under greater pressure not to buy from Chinese shipbuilders.

    The removal of that clause “is a big relief for Chinese shipbuilders, as it significantly alleviates clients’ concerns about placing orders”, said a senior analyst at a state-owned Chinese shipping company, who requested anonymity due to company policies on speaking with the media.

    Source link

    Latest articles

    Asian Stock Markets Show Resilience Amid Tariff Uncertainty

    Stock markets in Asia have remained resilient as turbulence intensifies in U.S. equity markets...

    China asks Korea not to export products using rare earths to US defense firms, paper reports

    Beijing recently asked South Korean companies not to export products containing China's rare earth...

    Asian Hospital, MCI renew partnership under HEAL programme

    Key areas include innovation, shared expertise, and quality healthcare services.Asian Hospital and Medical Center...

    The Indian Film Festival Of Los Angeles (IFFLA) Announces Expanded Industry Days And The 2025 Jury

    The Indian Film Festival of Los Angeles (IFFLA) is thrilled to announce the expansion...

    More like this

    China asks Korea not to export products using rare earths to US defense firms, paper reports

    Beijing recently asked South Korean companies not to export products containing China's rare earth...

    US sets tariffs of up to 3,521% on South East Asia solar panels

    The US Commerce Department has announced plans to impose tariffs of up to 3,521%...