Chinese shipbuilding industry
- Thread starter tphuang
- Start date
That will still discourage foreign trade with China. Not all shipping companies will be using Chinese-made ships. Because of port fees, the ones using Japanese and Korean ships may find it cheaper to trade with India and Vietnam than to trade with China.
Retaliatory port fees in the US and in China will discourage foreign trade in both countries. That will benefit all other countries who do not charge draconian fees at their ports.
I agree，the appropriate response should be charge US made air plane extra port fees
There was a funny book about this. A ship can have its owner, builder, maintainer, leaser, manager, financier, flag, insurer, home port all from different countries. Outsourcing EVERYTHING is the norm in that industry. Innocent investors who aren't used to such practices keep losing money
lcloo
Captain
China-US trade (both import & export) accounted to only 11.2% of China's international trade in 2023. So the effect of imposing extra port charges to Chinese ships has less impact than most people think.
As counter measure China can help her other 89.8% trade partners by investing in them as their global supply chain in Belt and Road and enriching their economies and develop them into importers of Chinese semi-finished and finished goods.
If the South aka the Third World accerelate their economic growth and expand their international trades, especially with China, in long term US market as a percentage of global trade will become smaller, and effect of their economic war on China will be shrinking over the years.
China's immediate response could be imposing additional charges on US banks and financial institutions that handle international trade insurance, credit financing, shipment validation/auditing etc, on shipments into Chinese ports, on top of charging port charges on US ships at the same rates as US ports. US insurance and financial servces exported to China amounted to $41.8 billion in 2023.
As counter measure China can help her other 89.8% trade partners by investing in them as their global supply chain in Belt and Road and enriching their economies and develop them into importers of Chinese semi-finished and finished goods.
If the South aka the Third World accerelate their economic growth and expand their international trades, especially with China, in long term US market as a percentage of global trade will become smaller, and effect of their economic war on China will be shrinking over the years.
China's immediate response could be imposing additional charges on US banks and financial institutions that handle international trade insurance, credit financing, shipment validation/auditing etc, on shipments into Chinese ports, on top of charging port charges on US ships at the same rates as US ports. US insurance and financial servces exported to China amounted to $41.8 billion in 2023.
Huh?
Far as Singapore is concerned ... who knows? Defense news is very low on the interest levels of your typical Singaporean. Politics, especially regional, even lower. I'm only aware of him cos you guys keep quoting him ... bottom line is, he is not government and he most certainly does not represent the government. As long as CK, or anyone really, stays out of domestic politics, the "iron fist" of the SG government isn't bothered.
In this day and age though, "Experts" are a dime a dozen. Talking heads (like him) in low cost online outlets are more prolific than mushrooms in a basement full of manure. Life will be an interminable crusade if we went around being indignant at every two bit pen for hire peddling their click bait opinions.
For your sanity and quality of life, just ignore him.
If you look at port container traffic in 2022, you get the following figures
China+HK: 247 Million TEU
SE Asia + East Asia (exc CN/HK): 141 Million TEU
US: 38 Million TEU
Other: 118 Million TEU
So you can see China and HK is almost half of all container traffic in the world
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Remember that container ships typically call at a large number of ports.
And typically sea freight costs make up a small fraction of the overall cost.
So my gut tells me that if China starts imposing steadily rising port fees on ships not built in China, the demand for Chinese exports will still remain, and it works out better to buy more Chinese ships to ensure you don't get charged those port fees.
Alternatively, instead of charging fees for foreign-built ships, they could offer discounts to Chinese-built ships. You get the same effect.
But is there any point?
The latest data indicates that China obtained 75% of all ship orders this year.
Plus the US only accounts for 7% of global container trade.
So whatever tariffs the US does implement won't change the big picture
you don't need to do something like that
just impose fee on all Boeing aircraft that land on China and US govt will surrender on this one.
Of course, whether China would do this is a different story