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Date: 26/03/2025

US unprepared to win against China-built containerships

Business interests, from US farmers to global ocean carriers, are warning of severe economic damage from proposals being considered by the US government to hit containerships made in China with steep fines when they call on US ports. The goal of bringing more shipbuilding back to the US is at odds with the reality in the global ocean trade market, they say, where virtually all container traffic will soon be carried on ships built in China. An estimated 98% of the global fleet would be subjected to fees when calling on US ports because the fee applies to both existing Chinese-built vessels or future vessels in the order book of carriers, and any carrier with at least one order on the books for a vessel made in China, according to the World Shipping Council, as per a report. 
 
Source: Exim News Service: Washington, March 25



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