$YZJ Shipbldg SGD(BS6.SI)$
US Trade Representative (USTR) office proposed to slap fees on Chinese-built vessels entering US ports.
USTR office proposed to hit Chinese-built vessels entering US ports with fees of up to US$1.5 million, as part of investigations into China’s rising dominance in the global shipbuilding, maritime and logistics sectors.
It is proposing port entrance fees of up to US$1 million per vessel owned by Chinese maritime transport operators, or alternatively, a charge of US$1,000 per net tonne of a vessel’s cargo capacity.
Non-Chinese maritime transport operators that operate Chinese-built ships face fees of up to US$1.5 million per port entry.
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