Chinese tonnage moving out of U.S. container trade ahead of new fees

Excerpt taken from the Journal of Commerce: https://www.joc.com/article/chinese-tonnage-moving-out-of-us-container-trade-ahead-of-new-fees-xeneta-6081320?utm_source=newsletter&utm_medium=email&utm_campaign=daily%newswire

"Major container lines will have removed nearly half of the China-built ship capacity from US service by October, according to Xeneta, allowing the industry to better weather the Trump administration’s new fee on US port calls by using non-Chinese vessels. And despite Washington’s attempt to break China’s dominance of the maritime industry with the fees, that country’s shipbuilders also appear poised to survive. Xeneta data shows that eight of the largest ocean carriers had approximately a combined 566,000 TEUs of Chinese-built ship capacity in regular rotation to the US this year."