If Chinese-built containership fines take effect, 'we're out of business in U.S.,' ocean carrier says (www.cnbc.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Atlantic Container Line, an ocean carrier which handles large industrial items including the wings for Airbus planes, says it will be forced to abandon the U.S. market if the government follows through on threats to fine Chinese-built shipping vessels.

Its CEO Andrew Abbott tells CNBC that freight rates will head back to Covid surge levels and there will be no economic rationale to continue to operate as a niche freight company within the U.S.

“This hits American exporters and importers worse than anybody else,” says Abbott. “If this happens ... we’re going to have to shut down.”

It would be the end of the treat era for USians. treatler stalin-gun-1

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[-] [email protected] 4 points 2 months ago

Isn't one the methods USA uses to embargo Cuba a ban on ships entering US ports if they have recently been to Cuba?

They leverage the size of the US market to make it extremely difficult for any individual ship to economically justify visiting Cuba.

Disincentivizing Chinese ships visiting the US will undermine the Cuban embargo and strengthen China-Cuba economic ties.

Amazing self own if they do this.

this post was submitted on 29 Mar 2025

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