US port fees on China vessels would affect all shipping firms, CMA CGM says
US port fees on China vessels would affect all shipping firms, CMA CGM says
Published by Global Banking and Finance Review
Posted on February 28, 2025
Published by Global Banking and Finance Review
Posted on February 28, 2025
PARIS (Reuters) - U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.
The U.S. Trade Representative's office has proposed chargingup to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's expansion in the shipbuilding, maritime and logistics sectors.
(Reporting by Gus Trompiz, additional reporting by Michal Aleksandrowicz; Editing by Kirsten Donovan)
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