BIMCO has voiced its concerns regarding proposed U.S. policies designed to counter China’s influence in the maritime, logistics, and shipbuilding industries.
Letter Submitted
BIMCO has responded to the U.S. Trade Representative’s request for comments regarding proposed actions against China’s maritime, logistics, and shipbuilding sectors.
BIMCO emphasizes that many of its members, including those from both the U.S. and China, rely on cost-effective shipbuilding in China due to the competitive nature of the global shipping industry.
The organization argues that the proposed port fees on Chinese-origin ships or those operated by Chinese-affiliated companies would substantially increase transport costs for U.S. imports and exports.
Since many global shipping operators utilize Chinese-built ships, these fees would likely be passed down the supply chain, ultimately raising costs for U.S. consumers and businesses.
Furthermore, some operators might avoid the U.S. market, leading to reduced competition, higher prices, and logistical problems like port congestion.
BIMCO also asserts that requiring U.S. exports to be carried on U.S.-built and flagged ships is unrealistic due to the shortage of such vessels, especially in sectors like LNG and chemical exports. This policy could make U.S. exports uncompetitive globally, harming the U.S. economy.
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Source: BIMCO
