The U.S. Trade Representative’s proposal to impose high port fees on Chinese-built vessels could significantly affect the global container shipping industry, according to CMA CGM.
The proposal, part of an investigation into China’s growing influence in the shipbuilding and logistics sectors, suggests charging up to $1.5 million for Chinese-built vessels entering U.S. ports. According to Reuters, Ramon Fernandez, CMA CGM’s Chief Financial Officer, told reporters that China builds more than half of all container ships in the world, so this would have a significant effect on all shipping firms.
While Fernandez did not comment on the potential impact of the Ocean Alliance, which includes Chinese shipping giant COSCO, he noted the broader concerns about U.S. tariffs.
The company expects some effects on shipping due to new tariffs announced by President Trump, which could further shift global trade routes.
