Liners send new capacity straight into busy Asia-Latin America services
Shipping lines are adding capacity to the Asia-South America lane, as seen from assignation of ...
OOCL Atlanta. Photo: VesselFinder.com
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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