US port call fees set to hamstring Chinese carrier profits

GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENTFDX: TRADING UPDATE ON THE WAY TSLA: ON THE MENDGM: TECH STARTUP LISTINGDSV: NEW HIGH TARGET CHRW: BOLT-ON DEAL TIMEDHL: GO GREEN

GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENTFDX: TRADING UPDATE ON THE WAY TSLA: ON THE MENDGM: TECH STARTUP LISTINGDSV: NEW HIGH TARGET CHRW: BOLT-ON DEAL TIMEDHL: GO GREEN

oocl atlanta
OOCL Atlanta. Photo: VesselFinder.com
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Chinese container shipping looks set for a grim set of financials following implementation of the US Trade Representative (USTR) port fees next month. Analysis by HSBC suggests that Cosco and Orient Overseas Container Line (OOCL) are facing a hit of 74% and 65%, respectively, on their operating profits in 2026. GCaptain, citing the HSBC reports, says the USTR fees in a single year could surpass $1.5bn for CSH, with OOCL looking down the barrel at $654m of cumulative charges.

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    China Shipping Holdings (CSH) Orient Overseas Container Line (OOCL) US Trade Representative (USTR)