Cosco Confident in ‘Stable and Reliable' Service Ahead of US Port Fees [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
NASDAQ:AMEX Investor Relations:
coscointl.com/en_ir_ho.asp
Company Research
Source: Yahoo! Finance
Port do c king fees levied by the U.S. Trade Representative (USTR) are set to take effect on Oct. 14. Starting then, USTR will charge Chinese vessel operators an extra $50 per net ton for every voyage that includes U.S. ports. Starting April 17, 2026, carriers will incur an additional fee of $30 per net ton per year through 2028, when the charge will total $140 per net ton. More from Sourcing Journal Port of Los Angeles Forecasts 10% September Cargo Drop Panama Canal Says Tariffs, Trade Volatility to Keep Transits Below Pre-Drought Levels Congressional Budget Office Says Tariffs Accelerating Inflation, Treasury Hints at Forthcoming China Deal “While the port service fees may pose certain operational challenges, Cosco Shipping Lines remains confident in our ability to ensure stable and reliable services in the United States,” Cosco said in a customer advisory Tuesday. “We are committed to maintaining stable capacity deployment and service quality, consistently delivering rel
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