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02 May 2025 - Year XXIX
Independent journal on economy and transport policy
05:28 GMT+2
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BIMCO, the application of specific harbour taxes to Chinese ships that scale in the USA will prove a disaster for the American economy
I was uncertain about the impact of the measures proposed on Chinese dominance in shipbuilding
Londra
March 17, 2025
The imposition by the U.S. of specific harbour taxes and other charges to Chinese ships or built in China that land in the U.S. ports would have no other effect than making transport costs for American imports and exports much higher and, more generally, would have negative effects on the U.S. economy, while it is very uncertain their impact on the Chinese predominance in the field of shipbuilding.

It highlights a letter that today the international shipowning association BIMCO, which represents almost 2,100 associates who operate 63% of the world merchant fleet, has sent to the ambassador of the United States Trade Representative, Jamieson Greer, who is part of the office of the US president as an adviser for international trade. The letter was sent in response to the request for comments made by the US Trade Representative on the action that in recent days proposed under the investigation under Section 301 of the Trade Act of 1974 whose conclusions were submitted mid-January when the US Presidency was about to move from Joe Biden to Donald Trump(of 17 January 2025). In the light of those conclusions the US Trade Representative proposed to impose certain taxes and restrictions on international shipping services connected with Chinese naval operators and made with ships built in China, as well as to promote the transport of American goods on American ships.

In the letter sent to Greer, who was appointed at the end of February by Trump, it is remembered that "for decades the associates of BIMCO have ordered the construction of new ships in the within of an international competitive market in which the Asian shipyards have acquired an increasing market share, especially in China in recent years. The tonnage quota built in China of the fleets of international operators has increased in the last decade, initially with the purchase of types of ships less complex followed by more complex types of ships. Due to the very competitive nature of the international shipping market, the increase of the convenient ships of Chinese origin has had for effect relatively lower costs for the marine transport, positively supporting the world trade and the global economies, including the United States of America".

In the letter, signed by Lars Robert Pedersen, Deputy Secretary General and Director of the Institutional Affairs of BIMCO, the shipowning association emphasizes that "the ships already built of Chinese origin will not disappear from the world fleet if the proposed harbour taxes will be introduced. If this happens, a global shortage of tonnage would be determined to meet the needs of world shipping and super-inflated shipping costs. To avoid it, the marine transport sector will try to avoid paying taxes. The charge of taxes on the ships that dock in the ports of the United States because of the Chinese origin of the ships that make you port of call, of the convertibility to China of the operator, of the percentage of ships of Chinese origin in the fleet of the operator and of the percentage of Chinese contracts in the order book of the operator, will significantly increase the cost of the marine transport from and to the United States of America, even if the operators will implement strategies of elusion. We expect - clarifies the BIMCO - that the operators will react and try to avoid the negative effects of such harbour taxes on their activity".

"Most operators in the world - continues the letter - has in own fleet one or more ships of Chinese origin, which means that when they dock in a port of the United States, they would be subject to a harbour tax. Port taxes are transferred to the supply chain, so the costs would be transferred to the US importers of foreign goods and, ultimately, to the US consumer. We also detect, that the second option relative to port taxes for ships managed by Chinese operators is probably prohibitive for the continuation of trades with the ports of the United States. A tax of 1,000 dollars per net tonnage applied, for example, to a super oil tanker of 300,000 tons of gross flow equivalent to more than 100 million dollars per port. If the tariff structure was implemented as a proposal, trade by sea from and to the United States of America would become less efficient and less economically sustainable. It is possible that some operators would avoid having Chinese tonnage in their fleets and would dedicate their maritime operations to the US market. Other operators could do the opposite, increasing their share of Chinese tonnage and dedicating their maritime operations to trades not with the USA. The totality of the world fleet would not change, but the total cost of the marine trade would increase because of the lower competition in an American market now less accessible. In this regard it is worth keeping in mind that the American import/export represents about 12% of the world's maritime trade, so the consequences of the reorganization of the marine trade will have a much greater impact on the American import/export regarding trade in the rest of the world".

Specifying that some sectors of the marine transport are more adaptable than others, in the letter the BIMCO observes that, "to this regard, the field of the containerized transport, which presents relatively few very large operators, could be less prone to a segmentation of the market and would rather try to reduce to the minimum the number of harbour ports of call in the United States by ship. This would inevitably lead to port congestion, to the block of the flow of commerce and to a greater need for internal redistribution. A fewer ports of call in the ports will also have a negative impact on the harbour jobs, with some ports that will become potentially not attractive for foreign trade".

Moreover, in the letter it is evidenced that "highest transport costs for American imports of raw materials will be, because of the relatively low value of such goods, much more affected than the imported goods of higher value. This effect - BIMCO emphasizes - is in contrast with other objectives declared by the US administration, such as the increase of national production with the relative necessity of more raw materials".

Referring to the actions proposed by the US Trade Representative to promote the export of U.S. goods, in the letter it is noted that this would include "to stimulate the construction and management of ships flying American flag and built in the United States. So far - recalls the BIMCO - this activity has been limited and mainly to the service of the American national transport as required by the Jones Act. We note, however - the letter continues - that the tonnage currently available to meet the export requirements proposed is limited as to number, size and types. Few marine operators, if none, will be able to prove that their annual share, per calendar year, of U.S. exports will satisfy the request of carrying 20% on ships flying American flag and built in the United States. This means - the BIMCO remarks - that in reality few, if not any, American export could be realized after the implementation of the measures, not least the energy export, in particular of liquefied natural gas, since no tanker flying U.S. flag and built in the United States is in operation or in order. US chemical industry access to vital export markets will also be severely hampered. If in the future a requirement to transport US exports to American flag ships and built in the United States is realistic or not goes beyond the purpose of this comment".

"The U.S. naval construction - still remembers the BIMCO - has not been competitive for a long time, as evidenced by the lack of tonnage built in the United States in the world fleet. However, we find that if it was necessary to carry US exports on tonnage built in the United States and flying US flag and that this tonnage was available, the cost of transport would increase significantly and would impact the competitiveness of US exports on the world market. This is especially true for raw materials of low value such as wheat and soybean."

"In summary - it is the warning that the letter concludes - the proposed actions will impose much higher transport costs on American imports and exports and will have negative effects on the US economy in general; their impact on Chinese dominance is much less certain".
››› News file
FROM THE HOME PAGE
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Wärtsilä's first quarter is positive
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CEVA Logistics (CMA CGM group) will buy the Turkish Borusan Lojistik
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Solidarity contribution for the families of port workers who are victims of accidents at work
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PSA reportedly considering selling its 20% stake in Hutchison Ports
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This is according to "Reuters", which had already floated this hypothesis at the end of 2022
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Antwerp
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The China Shipowners' Association considers the measures taken by the US against Chinese ships a typical example of unilateralism and protectionism
Beijing/Washington
The WSC reiterates that such measures could undermine American trade, harm U.S. manufacturers, and undermine efforts to strengthen the nation's maritime industry.
COSCO Expresses Strong Opposition to US Planned Taxes on Chinese Ships
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They distort fair competition - the Shanghai group denounces - and hinder the normal functioning of shipping
Growing share of new entrants in European rail transport sector
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In 2023, rail freight transport performance decreased by -8%
New Chinese Ship Taxes That Will Only Raise Prices for Americans
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The executive vice president of the US Chamber of Commerce denounced it
Tax amounts set for China-linked vessels arriving at US ports
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International tender launched to award concession for new Casablanca port shipyard
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It is the largest in Africa and has been unused since 2019
Federlogistica, the industry must stop approaching logistics only in terms of costs
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Falteri: a national control room composed of representatives of the logistics sector and industrial groups is necessary
ABB closes positive first quarter even if revenue growth is lower than expected
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Wierod: Our consolidated local-for-local approach protects us from the trade war
New global minimum wage deal for seafarers
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The level will rise to $690 from January 1, 2026 to reach $704 from 2027 and $715 from 2028.
Global trade in goods could fall by -1.5% this year
Geneva
WTO predicts. Okonjo-Iweala: Persistent uncertainty threatens to slow global growth, with serious negative consequences for the world
In 2023, around two-thirds of all goods moved in the EU were transported by sea.
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In the period 2013-2023, only the share of road transport increased, while that of other modes decreased.
Postal shipments of goods from Hong Kong to the US suspended
Hong Kong
Hongkong Post faces exorbitant and unreasonable tariffs due to unjustified and intimidating actions of the United States
Confitarma highlights the need for the decarbonisation strategy not to penalise shipping compared to other modes
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Zanetti: also ensure that the implementation process takes into account the operational needs of the industry
Intercargo and Intertanko raise concerns over shipping decarbonisation deal
London
The complexity of the measure adopted by the IMO and the unusual procedure from which non-governmental organizations were excluded were highlighted
Pirate attacks on ships to spike in first quarter of 2025
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Sharp increase in incidents in the Singapore Straits
Interferry welcomes IMO agreement on decarbonisation of shipping, but finds strategy too complex
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Greek Shipowners' Association disappointed by failure to recognise essential role of transition fuels such as LNG
International Labour Organization Recognizes Seafarers as Key Workers
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ITF and ICS: a historic moment
CMA CGM to acquire 35% of Egypt's October Dry Port
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Task force of five associations for the relaunch of Italian rail cargo
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MIT indicates Matteo Paroli as new president of the ports of Genoa and Savona-Vado
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The final budget and the annual report 2024 of the AdSP of Sardinia have been approved
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424.8 million port works completed in the last decade
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The financial statements of the AdSP of Western Liguria and the Central-Northern Tyrrhenian Sea have been approved
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The final budget and the annual report of the AdSP have been approved
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SOS LOGistica will acquire the qualification of Third Sector Entity
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Barcelona/Algeciras
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The Spice
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SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
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Tampa/Beirut
38 dead and over a hundred injured
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St. Petersburg
Both dry goods (-5.3%) and liquid bulk (-5.8%) are decreasing
Andrea Giachero confirmed as president of Spediporto
Genoa
The board of directors of the association of Genoese freight forwarders has also been renewed for the three-year period 2025-2028
Study for monitoring vehicular traffic in the ports of Venice and Chioggia
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Order awarded to Circle and Arelogik
In Italy, the rail freight transport sector is in deep trouble
Geneva
Fermerci calls for making traffic incentives structural and increasing and for refinancing the incentive for the purchase of locomotives and wagons
Global Maritime Forum report on optimising ship calls to reduce emissions
Copenhagen
Virtual arrival and just-in-time arrival approaches proposed
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Joy Taurus
Construction of the "Dockworker’s House" has begun
GNV has taken delivery of the second of four new ro-pax vessels in China
Genoa
"GNV Orion" will be able to accommodate 1,700 passengers and transport up to 3,080 linear metres of cargo
After ten quarters of decline, container traffic in the port of Hong Kong returns to growth
Hong Kong
In the first three months of this year 3.39 million TEUs were handled (+2.1%)
Fincantieri acquires stake in WSense
Rome
The ninth FREMM unit "Spartaco Schergat" delivered to the Italian Navy
The new edition of the Practical Manual of Maritime Traffic has been presented
Genoa
Written by Assagenti, it turns fifty
Container traffic at the ports of Long Beach and Los Angeles increased by 26.6% and 5.2% in the first quarter
Long Beach/Los Angeles
Trump's tariffs impact imminent
In the first three months of 2025, the port of Singapore handled 10.5 million containers (+5.8%)
Singapore
In weight, containerized traffic recorded a decrease of -1.4%
Regulations signed for LNG bunkering at Fincantieri shipyard in Genoa
Genoa
Define the methods of transferring fuel from ship to ship
Historic shipbuilding brands Uljanik and 3.Maj on the verge of extinction
Zagreb
The State confirms its intention to sell the shipbuilding activities at the two sites of Pula and Rijeka
Cambiaso Risso has completed the acquisition of the French Somecassur
Genoa
The transalpine company specializes in the insurance of super and mega yachts
New weekly train service between the port of Gioia Tauro and Verona
Joy Taurus/Verona
Operated by Medlog for the transport of refrigerated goods
EBRD looking for strategic partner for development of Moldovan river port of Giurgiulesti
London
International competition launched
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
It will take place at the headquarters of the Port Authority of Genoa
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
››› Meetings File
PRESS REVIEW
Proposed 30% increase for port tariffs to be in phases, says Loke
(Free Malaysia Today)
Damen Mangalia Unionists Protest Friday Against Possible Closure
(The Romania Journal)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
Turkish ports set new first-quarter cargo traffic record
Ankara
Historic peak of cargo imported from abroad
In the first quarter of 2025, freight traffic in the port of Taranto grew by +37.6%
Taranto
Increase of 854 thousand tons of solid bulk and 265 thousand tons of conventional goods
DEME buys Havfram, a company that installs offshore wind farms
Second Right/Washington
Transaction worth approximately 900 million euros
Rail transport of convoys for Rome Metro started from Reggio Calabria
Rome
Contract awarded by Hitachi Rail to Mercitalia Rail
In 2024, the volumes handled by Magli Intermodal Service decreased by -2%
Rezzato
Turnover stable
Yang Ming records first decline in turnover in March after 14 months of growth
Keelung/Taipei
Evergreen and WHL revenue growth continues
The European Commission has approved the acquisition of Germany's Schenker by Denmark's DSV
Brussels
The impact on competition in the markets in which the two companies operate is considered limited
Fincantieri - Kayo Agreement to Promote the Development of the Shipbuilding and Naval Industry in Albania
Trieste
Possible creation of a hub for shipbuilding and refitting in the region
Recent slight reduction in logistics costs for new factory vehicles
Brussels
Montaresi (AdSP Liguria Orientale) awarded with the "Port Oscar"
Miami
The event has reached its eighteenth edition
In the first three months of 2025, containers carried by OOCL vessels increased by +9.3%
Hong Kong
Revenues up +16.8%
The AdSP of the Southern Tyrrhenian and Ionian Seas wins in appeal against Zen Yacht
Joy Taurus
Company ordered to pay back rent
A large shipment of cocaine was seized in the port of Livorno
Leghorn
Two tons of drugs identified by Customs and Financial Police personnel
Navantia renews agreement with American cruise group Royal Caribbean
Miami
To date, the Cadiz shipyard has carried out maintenance, repair and refurbishment work on 45 of the group's ships.
Record cruise traffic expected in Italian ports this year
Miami
Cemar believes that growth will not stop even in 2026
HII-HHI Agreement to Accelerate US and South Korean Naval Production
National Harbor
The aim is to strengthen the naval industrial base of the two nations.
Panama Ports Company Accused of Violating Terms of Concession Agreement
Panama
Panama's Auditor General announced the filing of criminal charges
Colombo West International Terminal has become operational
Ahmedabad
It has a traffic capacity of 3.2 million TEUs
The conference "New sustainable marine fuels - Decarbonize Shipping" will be held in Genoa on Monday
Genoa
The new multifunctional border control structure PCF - PED/PDI Point completed in the port of Gioia Tauro
Joy Taurus
"Artificial Intelligence Comes to Port" Conference in Rome on Friday
Rome
It is promoted by the National Union of Port Enterprises
MSC Group's new cruise terminal inaugurated in Miami
Miami
It can accommodate three large ships at the same time
In February, traffic in the port of Ravenna increased by +2.1%
Ravenna
Bulk cargo increases, miscellaneous cargo declines
In 2024, Ferrovie dello Stato Italiane recorded a net loss of -208 million euros
Rome
Revenues up by +11.7%. The group's freight transported increased thanks to the acquisition of Exploris
Port of Genoa, Ente Bacini requests new spaces and renewal of the concession
Genoa
Conference to celebrate the centenary of the company
The public meeting of the Italian Port Terminal Operators Association will be held in Rome on June 19th
Genoa
VARD to build offshore dive vessel for Dong Fang Offshore
Alesund/Trieste
The contract is worth 113.5 million euros
Next week Italian ports will participate in Seatrade Cruise Global
Rome
Initiative brand: "CruiseItaly - One Country, Many Destinations"
MSC Group Cruise Terminal Officially Inaugurated in the Port of Barcelona
Barcelona
In 2027 it will be equipped with a cold ironing plant
Marcegaglia and Nova Marine Carriers form NovaMar Logistic joint venture
Lugano/Gazoldo of the Ippoliti
A general cargo ship will transport raw materials to the steel group's plants
Liebherr achieves record annual sales in the maritime and port crane segment
Bulls
Strong demand for offshore and container handling equipment
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