05
Mon, May

US port fees could see Chinese owners retreat into shadow fleet

US port fees could see Chinese owners retreat into shadow fleet

The US port fee scheme slapping higher fees on Chinese-owned vessels could fuel dark fleet-like activity, Signal Ocean says.

An analysis from the chartering platform said Chinese-built VLCCs would pay

The US port fee scheme slapping higher fees on Chinese-owned vessels could fuel dark fleet-like activity, Signal Ocean says.

An analysis from the chartering platform said Chinese-built VLCCs would pay $2.3m to call on a US port under a White House plan set to start in October, compared with $2.88m for a Chinese-owned VLCC.

“This evolving dynamic risks depressing the market valuations of Chinese-owned assets,” it said.

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Original Source TRADEWINDS

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Original Source TRADEWINDS

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