"China has said special charges will be levied on ships that are US-owned, operated, built or flagged but that Chinese-built vessels would be exempted. Another exemption will be empty ships that are going to Chinese shipyards to be repaired, according to a report by state broadcaster CCTV. The extra port fees charged by China are to be collected at the first port of entry on a single voyage or for the first five voyages within a year, with the billing cycle starting on April 17."
"The move by Washington to impose the fees on Chinese-linked shipping came after an investigation by the previous administration of President Joe Biden concluded that China's dominance of the global maritime, logistics and shipbuilding sectors resulted from unfair policies and practices. Analysts say that China-owned container carrier COSCO is likely to be hardest hit by the new fees, which are expected to cost $3.2 billion (2.8 billion) in 2026."
The US and China began charging additional port fees on vessels linked with each other's country as trade tensions expand to maritime channels. China stated that special charges will be levied on ships that are US-owned, operated, built or flagged, while exempting Chinese-built vessels and empty ships heading to Chinese shipyards for repairs. China will collect the extra port fees at the first port of entry on a voyage or for the first five voyages within a year, with billing starting April 17. A US investigation found China's maritime and shipbuilding dominance stemmed from unfair policies; analysts predict COSCO will face significant 2026 costs.
Read at www.dw.com
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