COSCO SHIP HOLD(SH:601919) Sou Hu Cai Jing·2025-10-08 19:44Core Viewpoint - The new port fee policy imposed by the U.S. on Chinese shipowners and shipyards, effective from October 14, 2025, is expected to create significant financial burdens for Chinese shipping companies, potentially altering the global shipping landscape [1] Summary by Sections U.S. Port Fee Policy Details - The U.S. Customs and Border Protection (CBP) has outlined a complex and stringent fee structure for Chinese entities operating or owning vessels arriving at U.S. ports, with fees set at $50 per net ton for vessels and varying rates for container and roll-on/roll-off ships [3][4] - Payment responsibility lies entirely with the vessel operators, who must pay fees before entering U.S. ports, adding operational complexity and costs for Chinese shipping companies [4] Financial Impact on Chinese Shipping Companies - The implementation of the port fee policy is projected to impose an additional financial burden of up to $3.2 billion (approximately 22.78 billion RMB) on the top ten major container shipping companies by 2026, with China COSCO Shipping Group being the most affected [6] - China COSCO Shipping faces port fees of $2,121 (approximately 15,100 RMB) per TEU on U.S. routes, significantly higher than the $26 per TEU charged to Maersk, leading to an estimated total of $1.53 billion (approximately 10.89 billion RMB) in port fees for the company [6][7] Responses from Chinese Shipping Companies - Chinese shipping companies, including China COSCO Shipping and Orient Overseas, have expressed their commitment to maintaining service quality and adapting to the new market conditions despite the increased operational challenges posed by the new fees [8] - Both companies reaffirm their long-term commitment to the U.S. market and emphasize the importance of providing reliable logistics solutions [8] Chinese Government and Industry Support - In response to the U.S. policy, the Chinese government has enacted measures to protect its shipping interests, including amendments to the International Maritime Regulations to counter discriminatory practices [9][11] - The China Shipowners' Association has voiced strong support for these regulatory changes, emphasizing the importance of fair treatment in international shipping and the commitment of Chinese shipowners to uphold global trade stability [11]