China Pauses Port Fees on US-Linked Ships for One Year
China suspended for one year port fees levied on U.S.-linked vessels, its transport ministry said on Monday, after Washington announced a similar pause on punitive actions against China's shipping and shipbuilding sectors.The reciprocated pauses were in line with agreements reached by U.S. President Donald Trump and Chinese President Xi Jinping during a summit in South Korea last month.The suspension kicked in from 13:01 local time (0501 GMT), according to the transport ministry's statement.Beijing welcomed a November 9 announcement made by the U.S.
Trump, Xi Pause Port Fees on Each Other's Vessels
The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.The move provides a 12-month reprieve on an estimated $3.2 billion annually in fees for large Chinese-built vessels sailing to U.S. ports and was among the trade deals reached in South Korea by U.S. President Donald Trump and Chinese President Xi Jinping.Early this year…
BIMCO to Develop Standard Clause Addressing Chinese Port Fees
BIMCO has initiated the development of a clause specifically addressing the new fees introduced on October 14, 2025 for US-related ships calling at ports in China.The Chinese Ministry of Transport announced on October 10 this year that new “Special Port Fees” would be imposed on ships arriving at Chinese ports if they are US-built or flagged or owned or operated by US entities, subject to certain exceptions. “Our industry is navigating escalating geopolitical uncertainty and trade restrictions.
