Pacific Basin Shipping has made strategic moves due to the American port fees, which have caused disruptions in the shipping industry.
“We have taken preemptive measures to mitigate the application of the USTR 301 rules to our ships,” the company’s announcement on social media characteristically states.
In particular, the Hong Kong-listed company is transferring half of its bulk carrier fleet to Singapore and simultaneously registering the ships under the country’s flag, to mitigate exposure to the new fees introduced under the USTR framework.
These moves are taking place following the review of the April 2025 provisions, which impose additional fees on Chinese-owned or operated ships approaching US ports.
