China-Owned Supertankers Face $5.2 Million in Fees Per US Port Call

Made-in-China oil supertankers are facing significant surcharges under a new U.S. proposal aimed at penalizing ships manufactured in China amid ongoing trade tensions between Washington and Beijing. According to estimates by Arrow Shipbroking Group’s research arm, non-Chinese owned or operated China-made supertankers could incur a surcharge of nearly $1.9 million per U.S. port call. For vessels owned or operated by Chinese entities, the fee rises to $5.2 million per visit, as stated in an April 18 note. This move reflects the escalating trade war and its impact on maritime commerce.
— new from Bloomberg.com

Leave a Reply

Your email address will not be published. Required fields are marked *