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Genco to Move Vessels, Pass On Costs If US Sets China Ship Fees

Summary by Bloomberg

The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese ships go into place.

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Bloomberg

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Genco to Move Vessels, Pass On Costs If US Sets China Ship Fees

The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese ships go into place.

15 hours ago·United States

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Maritime Reporter

Baltic Index Down for Sixth Straight Session

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for a sixth straight session on Tuesday, pressured by lower rates across all vessel segments.The main index .BADI, which tracks rates for capesize…

8 hours ago

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gCaptain

Genco CEO Says Trump's China Ship Fees Will Hammer Farmers, Not China

The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese ships go into place.

12 hours ago

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mfame.guru

Dry Bulk Market Sees Mild Recovery as Q1 of 2025 Ends - mfame.guru

Cape Sector Outperforms as Dry Bulk Market Recovers Slightly. Trade Tensions and Tariffs Weigh on Dry Bulk Market Outlook. U.S. Port Charges on Chinese Vessels Add Uncertainty to Bulk Sector. As the initial quarter of 2025 comes to a close, the dry bulk market has registered a mild pickup. The Cape segment has been the bright spot, ending today at a Baltic Exchange time charter average of $20,500—double the level recorded on the first day of Jan…

14 hours ago

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Sea News Global Maritime News

The largest shipping sector calls for clarity as IMO climate talks enter critical phase

International dry bulk shipping, which is the largest shipping sector and is vital for the global economy and prosperity as it transports approximately 90% of world trade, urges practical approach ahead of critical ISWG-GHG-19 and MEPC 83 meetings. The International Association of Dry Cargo Shipowners (INTERCARGO) has renewed its call for straightforward and practical mid-term

23 hours ago

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iowaagribusinessradionetwork.com

Proposed port service fees would hurt red meat exports | Iowa Agribusiness Radio Network

The office of U.S. Trade Representative (USTR) held hearings this week on a proposal to impose a service fee for each U.S. port call of a Chinese-operated ship, or a per-net-ton service fee applied on the ship’s carrying capacity. While they do support the overall intent of strengthening the U.S. shipbuilding industry, the U.S. Meat Export Federation (USMEF)- along with over 300 other organizations- pointed out that the fees would hurt U.S. expor

1 day ago

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