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USTR Fees on Chinese Ships Likely to Lead to Increase in Orders for Korean, Japanese, and European Shipbuilders, Experts Say; Shipping Industry Cartel Could Raise Prices, Increase Profits

New fees on Chinese ships proposed by the United States Trade Representative (USTR) are likely to raise freight prices but are unlikely to generate significant revenue as companies will have multiple strategies available to avoid the fees, according to experts and industry members.   These strategies primarily involve swapping out large Chinese vessels for smaller non-Chinese […]

Jun 03, 2025 Read Now >