Cosco faces $1.5bn hit from US port fees but vows to defend transpacific routes
- HSBC estimates the Chinese giant faces up to $1.5bn in additional costs in 2026 from new US port fees, representing 7.1% of its operating margin
- Company management vows to maintain transpacific services despite the potential hit, rejecting speculation about scaling back US operations
- Without delays or cancellation, the USTR schedule could temporarily reduce services and tighten capacity on transpacific trade
Rather than focusing on shrinking margins, it seems more concerned with preserving market share and customer confidence
