BIMCO has expressed concerns over proposed U.S. policies aimed at countering China’s influence in the maritime, logistics, and shipbuilding sectors.
In particular, BIMCO submitted a letter to the US Trade Representative following his “Request for Comments Concerning Proposed Action Pursuant to the Section 301 Investigation of China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance”. The Organization highlights that many of its members, including those from the U.S. and China, rely on cost-effective shipbuilding in China due to the competitive nature of the global shipping industry.
According to BIMCO, the proposed port fees on ships of Chinese origin or operated by Chinese-affiliated companies would significantly increase transport costs for U.S. imports and exports.
Since most global shipping operators have at least some Chinese-built ships, these fees would inevitably be passed down the supply chain, ultimately raising costs for U.S. consumers and businesses. Additionally, some operators might shift away from the U.S. market entirely, leading to less competition, higher prices, and logistical challenges such as port congestion.
BIMCO also points out that requiring U.S. exports to be carried on U.S.-built and flagged ships is impractical due to the lack of such vessels, particularly for sectors like LNG and chemical exports. This policy could make U.S. exports uncompetitive on the global market, further harming the economy.
Overall, BIMCO warns that these measures would raise transport costs, disrupt trade, and have uncertain effects on reducing China’s dominance.
To remind, the China Shipowners’ Association has also opposed the US proposal for port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and US laws.
