Pay Up or Stay Out: US Ports Target Chinese Ships 🚢

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In today’s email:

  • Port Fees: âš“ Chinese-linked ships face US ban without new tariff payments.

  • Gold Vaults: 🏆 Bank of England reveals ÂŁ250 billion in gold beneath London’s streets.

  • Steel Shock: 🏗️ EU slaps 50% tariffs on UK exports, sparking industry’s biggest crisis yet.

  • Pricw Surge: đźš˘ CTG Port hikes fees — tug rates soar 500%, average jump ~70%.

SHIPPING NEWS

Chinese Ships Face US Ban Without New Fees

Beginning October 14 2025, vessels tied to China — whether owned, operated, or built — will be subject to new port-entry fees when calling at US ports. Ships that fail to pay or confirm payment risk being denied cargo operations, clearance, or even access to US terminals.

Under the new regulations, the responsibility for determining and settling fees lies with the vessel operator. Payments must be initiated at least three business days before arrival to avoid penalties or entry delays.

Fee Structure & Exemptions

  • Chinese-owned or operated vessels: USD 50 per net tonnage per voyage.

  • Vessels built in China: the higher of USD 18 per net tonnage or USD 120 per discharged container.

  • Vehicle carriers (RoRo vessels): USD 14 per net tonnage.

  • LNG carriers: fully exempt.

To reduce the financial burden on frequent operators, each vessel will only be charged for a maximum of five voyages per year. Exemptions also apply to smaller vessels, empty arrivals, and short-sea trades.

Major shipping lines are already redeploying China-built vessels to avoid the new costs. Analysts warn that the policy could add up to USD 3.2 billion annually in additional fees and create ripple effects throughout global supply chains.

China has condemned the measures as discriminatory and signaled possible retaliatory tariffs or access restrictions on foreign vessels calling at Chinese ports. As both sides harden their maritime stances, global carriers are bracing for another round of geopolitical tension at sea — this time, in the form of port fees and shipping routes.

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VIDEO OF THE WEEK

Inside the Bank of England's Gold Vaults

Idris Elba visits London’s financial district, exploring the Bank of England’s underground vaults—home to 400,000 gold bars worth about £250 billion. He learns how gold evolved from coins to modern banknotes and remains nations’ safest store of value.

TRADE SNIPPETS

Silver nears $50, marking new all-time high. Spot silver prices soared to $49.55 per ounce—surpassing the 1980 record—rising more than 65% year-to-date as investors flock to precious metals amid economic uncertainty and strong gold momentum.

Chittagong Port tariffs surge over 500%. Chittagong Port’s revised tariff schedule has sparked backlash after tug hire charges for a 190-metre vessel jumped from $2,907 to $15,709 — a 500% hike. Shipping agents are urging authorities to revise and phase in the increases to protect trade competitiveness.

UK steel faces “biggest crisis” as EU tariffs jump to 50%. The UK steel industry is bracing for its most severe downturn after the EU announced 50 % tariffs on imports above quota, putting 80% of UK steel exports at risk.

US imports from Russia jump 30%, hitting $5 billion mark. America’s imports from Russia have surged about 30% this year, pushing total trade toward $5 billion amid continued flow of commodities like metals and energy.

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