Lates News

China COSCO Shipping Group announced on its official website on September 16th a customer letter regarding the USTR 301 investigation. China COSCO Shipping Group stated that while the fees related to the 301 provisions may pose some challenges to the company's operations, the company remains confident in its services on the US routes and is committed to providing logistics solutions to its customers by investing in stable capacity and maintaining high-quality services. The company will actively improve its product structure to meet the changing demands of the US market, maintain competitive freight and surcharge policies that are in line with market levels. The announcement from the Office of the United States Trade Representative (USTR) on April 17, 2025, revealed that starting from October 14, 2025, the US will impose port service fees on Chinese shipowners and operators, as well as operators using ships built in China.