US Shipping Faces Minimal Exposure to China's Retaliatory Port Restrictions [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
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Source: Yahoo! Finance
The U.S.-owned or -operated fleet deployed in China is “disproportionately smaller compared to the Chinese operators' exposure to the U.S.,” said container shipping research firm Linerlytica in a Monday update. More from Sourcing Journal CBP to Vessel Operators: Pay USTR Fees Before Port Calls AAFA Shares Nominations for USTR's 2025 Notorious Markets List US House Panel Advances Bill Backing FMC's 'Get Tough on China' Push Signed by Premier Li Qiang on Sept. 28, the retaliatory state decree enables China to charge fees on vessels calling at Chinese ports, or prohibit or restrict ships vessels' port access in the country. Operators of shipping trading platforms would also be subject to fees if they did not submit required information to Chinese transportation authorities. Additionally, the decree established that a carrier could be banned from doing business with China under “serious” circumstances. No punitive actions have been taken by China since the signing. The mo
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