exports of rare earths and related technologies<\/a>, as well as new restrictions on the export of some lithium battery and related production equipment.<\/p>\nThe port fees announced by Beijing on Friday mirrors many aspects of the U.S. port fees on Chinese ships docking in American ports. Under Washington’s plans, Chinese-owned or -operated ships will be charged $50 per net ton for each voyage to the U.S., which would then rise by $30 per net ton each year until 2028. Each vessel would be charged no more than five times per year.<\/p>\n
China\u2019s new port fee is \u201cnot just a symbolic move,\u201d said Kun Cao, deputy chief executive at consulting firm Reddal. \u201cIt explicitly targets any ship with meaningful U.S. links \u2014 ownership, operation, flag, or build \u2014 and scales steeply with ship size.\u201d<\/p>\n
The \u201creal bite is on U.S.-owned and operated vessels,\u201d he said, adding that North America accounts for roughly 5% of the world fleet by beneficial ownership, which is still a meaningful figure although not as huge as compared to Greek, Chinese and Japanese ship owners.<\/p>\n
However, the United States has only about 0.1% of global commercial shipbuilding market share in recent years and built fewer than 10 commercial ships last year, Reddal added.<\/p>\n
While shipping analysts have said that the U.S. port fees on Chinese vessels would likely have limited impact on trade and freight rates as some shipping companies have been redeploying their fleets to avoid the extra charge, shipping data provider Alphaliner warned last month in a report that the U.S. port fees could still cost up to $3.2 billion next year for the world\u2019s top 10 carriers.<\/p>\n
___<\/p>\n
This story has been corrected to show that the Alphaliner report was from last month, not this month.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG — HONG KONG (AP) \u2014 China has hit U.S.-owned vessels docking in the country with tit-for-tat…\n","protected":false},"author":2,"featured_media":488795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[161433,3907,8505,51,4179,3058,41233,285,90351,49,978,659,10673,263],"class_list":{"0":"post-488794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-161433","9":"tag-article","10":"tag-boat-and-ship-accidents","11":"tag-business","12":"tag-general-news","13":"tag-international-trade","14":"tag-metals-and-mining","15":"tag-politics","16":"tag-transportation-and-shipping","17":"tag-united-states","18":"tag-us","19":"tag-usa","20":"tag-washington-news","21":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115350877160149169","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/488794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=488794"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/488794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/488795"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=488794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=488794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=488794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}