Chinese shipping giant Cosco refuses to buckle under US port fee pressure
- Cosco pledges to sustain US service capacity and quality even as port fees loom
- Costs could top $1bn within the first six months, though there are signs that the group may absorb charges to hold market share
- Levy’s fate uncertain, with USTR rules still pending and talks ongoing
Cosco Shipping has vowed to maintain its Asia–US service level, with signs that the state conglomerate will absorb potentially billion‑dollar US port fees to defend market share, despite uncertainty over when the new levies will take effect
