U.S. Port Fees on China Ships Could Raise Costs, Weaken Freight Demand -- Market Talk

Dow Jones2025-02-25

1231 ET - U.S. proposals to charge fees for Chinese-built or Chinese-flagged vessels calling at U.S. ports could slow global trade, according to analysts at J.P. Morgan. The U.S. Trade Representative proposes fees of $1 million or more per port call. About 40% of the global container fleet is made in China. Chinese-built vessels account for just over 20% of German container line Hapag-Lloyd's fleet, about 27% of boxships operated by Danish carrier A.P. Moller-Maersk and 55% of vessels operated by Chinese carrier Cosco Shipping. Analysts say the fees could add $50 to $100 to the cost of shipping a twenty-foot container. (paul.berger@wsj.com)

(END) Dow Jones Newswires

February 24, 2025 12:32 ET (17:32 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment