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CN to Charge Special Port Service Fees on US Ships
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China's Ministry of Transport stated that the US Trade Representative Office announced on April 17 the implementation of a Section 301 Investigation on China's maritime, logistics, and shipbuilding industries. Starting from October 14, the US will impose port service fees on ships owned or operated by Chinese enterprises, Chinese-flagged ships, and ships built in China, which severely violates international trade principles and the China-US maritime agreement, disrupting maritime trade between China and the US. According to the Regulations of the People's Republic of China on International Maritime Transport and other laws and regulations, as well as basic principles of international law, with approval from the State Council, special port service fees will be charged starting October 14 on ships owned by US enterprises, other organizations, and individuals; ships operated by US enterprises, other organizations, and individuals; ships owned or operated by enterprises, other organizations, or individuals from the US that directly or indirectly hold 25% or more of the equity (voting rights or board seats) of such enterprises or organizations; ships flying the US flag; and ships built in the US, collected by the maritime management agency at the port of call. AAStocks Financial News |
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