Seaspan shifts from Hong Kong but courts Beijing as port fee tensions escalate
- Seaspan chairman told a Shanghai forum the company’s US ownership is below 25%, exempting it from China’s port fees, while stressing its close ties with Chinese partners
- Remarks come after Seaspan relocated its headquarters and more than 100 vessel flags from Hong Kong to Singapore, amid the US port tariffs impact
- Moves underscore how shipping firms are walking a tightrope in the Beijing-Washington crossfire
Chen cautions that while disruption can fuel gains in shipping, too much turbulence can sink them. ‘The rougher the seas, the more valuable the fish,’ he said. ‘But if the waves get too high, there will be no fish left.’
