Recently, the Office of the United States Trade Representative (USTR) proposed a high-profile new policy. The policy plans to impose port charges of up to $1.5 million on specific ships, a move that has sparked widespread discussion in the global shipping industry.
According to data from authoritative organizations, this policy may affect more than 98% container ship operations. Industry experts predict that if the policy comes to fruition, there will be a significant increase in container transportation costs: export rates may rise from $500 to $2,500, while import rates may rise from $2,500 to $4,500.
A number of international shipping organizations have expressed concern about this. Expert analysis indicates that the new policy could lead to an increase of 100-500% in regional short-haul transportation costs, which would have an impact on a number of sectors, including manufacturing, mining and construction.
Notably, the public hearing will be held on March 24, 2025. The industry calls on relevant parties to carefully weigh the impact of the policy to promote the industry while avoiding unnecessary impacts on global trade.
Author: Diligence
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