China COSCO Hits Back at U.S. Claims and Trade Measures
China COSCO Shipping Corp. rejects U.S. accusations and restrictive measures on China’s maritime sectors, warning they threaten global shipping stability and supply chains.
Global Shipping
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US to Impose New Fees on Chinese Ships Docking at American Ports
The United States will start imposing new fees on Chinese-made or operated shipping vessels docking at U.S. ports beginning in September. The charges are less severe than earlier proposals, hinting at possible compromise.
Expert slams U.S. plan to fine China-made ships, warns of global impact
An expert warns that the U.S. plan to levy fines on China-made ships could harm both the global economy and the U.S., disrupting shipping efficiency while China’s sector dominance remains.
Peru’s Chancay Mega Port: Bridging Latin America and Asia by 2024
Peru’s Chancay Mega Port, set to open by end-2024, is poised to transform trade between Latin America and Asia. Built by COSCO Shipping, the port will halve shipping times to China, boosting economic ties.