11
Mar

US tariff on Chinese-built ships could disrupt trade, drive up freight rates, says GE Shipping

The US is considering imposing a fee of up to $1.5 million per port call on Chinese-built ships. With China accounting for about 60% of the global shipbuilding order book, this proposal could increase shipping costs and disrupt trade flows. G Shivakumar, Executive Director & CFO of GE Shipping Company noted that while the plan …