Genco Shipping Prepares for Impact of Potential U.S.-China Shipping Fees

In a significant move that could reshape trade dynamics, Genco Shipping and Trade Ltd. has announced plans to reposition its fleet in anticipation of increased shipping costs due to proposed fees by the U.S. government on vessels operating between the United States and China. The shipping industry, already facing challenges from supply chain disruptions, may see further complications as tariffs on shipping services are considered in the ongoing trade disputes.

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