Logo

Matson has paid $6.4 million in port fees to China since levies started in October

U.S. ocean shipping company Matson has paid $6.4 million in port fees to China since they were implemented on October 14, CEO Matt Cox said on Tuesday.

President Donald Trump and President Xi Jinping last week agreed to put those tit-for-tat levies on pause for 12 months, starting on November 10. Media outlets in China had reported that Matson, one of a handful of global shipping firms with U.S.-built and flagged vessels, was the first to pay the fees in China.
Source: Reuters (Reporting by Lisa Baertlein; Editing by Chris Reese)



Source

Related News

Port Of Los Angeles Posts Solid First Quarter Perf...

47 minutes ago

HOT PORT NEWS from GAC

15 minutes ago

How is energy transition investment evolving in 20...

6 hours ago

More tanker arrivals, shipping fuel sold through S...

7 hours ago