Categories: Business

China to hit US ships with additional port fees from October 14

Published by TSG Syndication

BEIJING (Reuters) -Vessels owned or operated by U.S. firms and individuals - or those built in the United States or that fly the U.S. flag - will be charged additional port fees per voyage starting on October 14, China's transport ministry said on Friday. The fees are a counter-measure against upcoming U.S. port fees, the ministry said. Also starting on October 14, ships built in China - or operated or owned by Chinese entities - will need to pay a fee at their first port of call in the United States. The fees on China-linked vessels are part of a broader U.S. effort to revive domestic shipbuilding and blunt China's naval and commercial shipping power. (Reporting by Ryan Woo; Editing by Kim Coghill) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication