Surprise Move by China Carriers Ahead of US Port Fees
It took China a generation to ascend to the top of the global maritime sector; it won’t take nearly that long for that country to brush off expensive U.S. port fees on its ships.
Cosco, China’s flag carrier and the world’s fifth-largest container line, and subsidiary Orient Overseas Container Line (OOCL) of Hong Kong said that they won’t levy surcharges to offset the fees on Chinese-built and operated ships calling U.S. ports to be implemented Oct. 14...
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