Entries Written By Mikkel Nordberg
USTR Port Fees Minimize Impact on Chinese-built Dry Bulk Carriers
On April 17, the Office of the US Trade Representative (USTR) presented an updated proposal for port fees on Chinese-built vessels, initially announced in February. The proposal was an extensive report covering many areas, but certain details created some confusion. There was an increased focus on Chinese owners and operators, but uncertainty remains around how …
Potential US Port Fees May Disrupt Dry Bulk Trade and Vessel Availability
Recent discussions on tariffs have largely overlooked the potential implementation of the Office of the United States Trade Representative (USTR)’s port fees on Chinese-built vessels. The current US administration is considering an additional port fee for Chinese-built vessels entering US ports to curb China’s dominance in shipbuilding. This fee, which could reach up to $3.5 …