Commentary: What the Special Port Fees Imposed by U.S. and China Mean for Global Shipping
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The traditionally quiet fourth quarter is facing a new storm. With the simultaneous imposition of vessel port fees by both the U.S. and China on Oct. 14, the tariff war has expanded further, and its impact on shipping is only just beginning.
As is well known, the port fees levied by both countries are not limited to container ships. In terms of scope, China’s special port dues for vessels have a broader impact on noncontainer vessels. However, this article will focus exclusively on container shipping.
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- Both the U.S. and China imposed new vessel port fees on October 14, expanding the tariff war and complicating shipping logistics.
- These fees are causing shipping companies to adjust vessel registrations, routes, and capacity deployment to minimize costs, resulting in more fragmented shipping networks.
- Additional uncertainty comes from U.S. opposition to the International Maritime Organization’s Net-Zero Framework, with possible retaliatory port fees, further destabilizing shipping markets.
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Who’s Who
- Duke Shipping Agency
- The article states that Zhang Huafeng is the Chief Operating Officer of Duke Shipping Agency (德鲁克船务代理). No additional information about Duke Shipping Agency is provided in the article content.
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