Which shipping companies are most vulnerable to these new reciprocal port fees?

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COSCO Expected to Be Most Affected by New Reciprocal Port Fees

China-owned container carrier COSCO is anticipated to bear the brunt of the newly imposed reciprocal port fees, potentially facing nearly half of the estimated US$3.2 billion cost within the container shipping segment by 2026. These additional charges, levied by both the United States and China on vessels linked to each other, mark a significant escalation in maritime taxation between the two economic powers.
China's New Port Charges Detailed

Beginning April 17, China will collect special charges on vessels that are US-owned, operated, built, or flagged. These fees will be applied at the first port of entry for a single voyage or for the initial five voyages within a year, operating on an annual billing cycle. However, specific exemptions are in place, notably for ships constructed in China and for empty vessels entering Chinese shipyards for repairs.
US to Impose Reciprocal Fees

The United States is scheduled to commence its own collection of fees on October 14, mirroring China's action. These measures are part of a broader trade dispute, with the US administration having previously announced plans to levy fees on China-linked ships. An investigation during the former Biden administration concluded that China employs unfair policies and practices to dominate global maritime, logistics, and shipbuilding sectors, which paved the way for these retaliatory penalties.
Global Fleet Impact

Beyond COSCO, the broader impact on the global fleet is substantial. Analysts estimate that 13 per cent of the world's crude tankers and 11 per cent of container ships will be subject to these new fees. This reciprocal taxation strategy is seen by some as creating a spiral of maritime charges that could potentially distort global freight movements.

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Which shipping companies are most vulnerable to these new reciprocal port fees?

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