ShippingFees

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

1 day ago

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.

Dole Reports Potential Rise in Banana Prices Due to New Port Fees on Chinese Ships

7 days ago

In a significant development for the global banana market, Dole Food Company has issued a warning about an upcoming increase in banana prices, directly linked to new port fees that are being imposed on Chinese ships. This new tariff, aimed primarily at the importation of goods, is expected to have substantial ramifications not only for the cost of bananas but also for the broader produce sector.

U.S. Shipping Fees on China Imports Could Skyrocket Costs, Major Carriers Warn

1 month ago

In a recent and compelling warning from one of the world’s largest shipping companies, industry leaders have raised alarms about the potential economic repercussions of fresh U.S. shipping fees targeted at certain imports from China. The new policy, aimed at addressing imbalances in trade and bolstering domestic manufacturing, is likely to lead to substantially higher costs for consumers and businesses alike.

Skyrocketing Ship Fees at U.S. Ports: How China is Reshaping Global Trade Dynamics

1 month ago

In recent months, a significant surge in port fees has been observed at various U.S. ports, predominantly attributed to Chinese shipping companies. This uptick in charges is reshaping the landscape of global trade and raising concerns among U.S. importers and exporters. The increasing costs incurred by these vessels are beginning to trickle down to consumers and businesses alike, impacting everything from commodity prices to retail goods.

Trump Unveils Ambitious Plan to Counter China's Maritime Dominance with New Shipping Fees

1 month ago

In a bold move aimed at fortifying the United States' standing in global maritime trade, former President Donald Trump has proposed a series of innovative shipping fees targeting vessels that transit through key U.S. ports. This proposal, unveiled during a public address, is a strategic response to China's growing dominance over maritime routes and its expanding influence in global shipping markets.

UPS and FedEx Adjust Holiday Shipping Fees for 2024: What You Need to Know

4 months ago

In a strategic move aimed at addressing the surging demand for holiday shipping and the ongoing challenges within the logistics industry, both UPS and FedEx have decided to extend the time frame in which they will impose additional fees for holiday delivery services in 2024. This decision reflects a shared understanding of the pressures faced by consumers and businesses alike during the bustling festive season.