Warning on China's Port Fees
Prominent Greek shipowner Harry Vafias warns of "unfair" and high-cost impact if China's port fees hit US-listed owners.
Speaking to Riviera, Mr. Vafias noted that the Chinese Ministry of Transport's announcement leaves room for ambiguous interpretation. The statement specifies that the measures apply to vessels "owned or operated by enterprises in which US entities or individuals hold 25% or more of the equity."
The costs would be "extremely high and unfair" given the short adaptation period.
Sources monitoring the US stock market noted that if Americans hold 25% or more of a company's shareholding or board seats, the firm could fall foul of the Chinese proposal.
- US-listed shipping companies may be affected.
- Greek shipowners with US-listed entities could be impacted.
Author's summary: Harry Vafias warns of unfair impact on US-listed owners.
More News
- The 400 million reasons behind Cricket Australia’s Big Bash sale
- Hockey30 | Le Mouton Noir du Hockey
- Babar Azam, Mohammad Rizwan in focus: PCB clears Big Bash NOCs for Pakistan players
- WBBL 2025: Sixers vs Renegades & Strikers vs Hurricanes Predictions (Dec 4/5)
- Luke Premieres New Song 'Giving Her Away'
- Ryder — Founder and Leader of the PAW Patrol Team
- DansLesCoulisses.com | Pour en savoir plus que les autres!
- Women's Big Bash League: Brisbane Heat's Winless Season Ends With 7-Wicket Loss Against Perth Scorchers
- Katy Perry en couple avec Justine Trudeau : l’ex-Premier ministre la regarde
- Big Bash League upcoming match schedule