From China new taxes on US ships

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Starting tomorrow, coinciding with the entry into force of U.S. measures to counter the dominance of the global shipbuilding industry, China will apply a fee of 56 dollars per net ton to ships owned by operators that are either U.S.-owned or simply listed on a U.S. stock exchange, following the first call made at a Chinese port.

Citing data from Jefferies bank, Bloomberg reports that the vessels most affected by these new sanctions will be crude oil tankers (16% of the global fleet affected), LPG tankers (14%), product tankers (13%), and container ships (11%), figures which the investment bank believes are high enough to cause significant disruptions.

In line with U.S. plans to increase port fees in the coming years, the initial amount of 56 dollars per net ton imposed by Beijing will increase every year until 2028, when it will reach 156.8 dollars per ton.