“港务费”新政落地近两周，各方合力重构供应链新航道

Core Viewpoint - The article discusses the impact of China's countermeasures against the U.S., specifically the implementation of special port service fees for U.S.-flagged vessels, which has led to a significant reduction in U.S. shipping operations in Chinese ports while maintaining overall shipping capacity through rerouting and restructuring efforts [1][3]. Group 1: Port Operations - Major ports are operating smoothly despite the new policies, with no U.S.-owned shipping companies conducting business in the South China region [2][3]. - The Guangzhou Port, a key gateway for South China, continues to maintain stable cargo and container throughput, ranking among the world's top ports [3]. Group 2: Special Port Service Fees - Since October 14, China has implemented special port service fees for U.S.-flagged vessels, mirroring the U.S. policy on Chinese vessels [3]. - The only reported case of a vessel being charged this fee involved the "Manukau" container ship from Matson Navigation Company, which allegedly incurred a fee of 4.4584 million yuan during its stay at Ningbo [3]. Group 3: Shipping Company Responses - Shipping companies have quickly adapted to the new regulations, with Maersk shifting its U.S.-flagged vessels to third-country non-U.S. registered ships to avoid port fees [6]. - Pacific Shipping is restructuring its operations by relocating half of its bulk carrier fleet to Singapore and changing its flag to avoid the special port service fees [7]. Group 4: Market Adjustments - The shipping market, particularly for bulk commodities, is expected to require time to adjust, but signs of stabilization are emerging [9]. - As of the week of October 23, the ultra-large tanker market remains cautious, with both charterers and shipowners adopting a wait-and-see approach, although some shipowners are beginning to seek cargo [9]. Group 5: Future Outlook - The shipping industry anticipates that the adjustments will lead to a more stable market in the long run, with a focus on regulatory clarity from both governments [9]. - There is a potential for non-U.S. shipowners to gain a premium in the market, particularly those with Chinese backgrounds, due to resource supply chain security considerations [10].