Cosco hopes US-China talks can defuse looming port fee crisis
- Cosco chairman hopes ongoing China-US trade talks will resolve steep US port fees targeting Chinese shipping
- Chinese owners and operators are expected to reshuffle their US-bound fleet as much as possible, using ‘human ingenuity’ by setting up overseas units to help dodge the USTR port taxes
- At the 2025 Maritime Silk Road Forum in Ningbo, speakers emphasised high-quality development and global co-operation, while treading carefully around direct discussions of geopolitical tensions
Cosco chairman hints that ongoing China-US trade talks may help resolve the challenge of steep new US port fees targeting Chinese maritime, as the company and industry peers explore strategies to mitigate costs and maintain service amid rising geopolitical tensions
