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.

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

30 years later, the anti globalization movement is finally winning

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

They just defunded the WTO lmfao

[-] [email protected] 4 points 2 months ago* (last edited 2 months ago)

This is as much a :biden-alert: as it is a :cheeto-man:

The policy proposal, begun under the Biden administration and culminating in a January report concluding China’s shipbuilding industry had an unfair advantage, would allow the U.S. government to impose steep levies on Chinese-made ships arriving at U.S. ports. For Chinese-owned operators (such as Cosco), a service fee of up to $1 million could be charged on each vessel. For non-Chinese-owned ocean carriers with fleets containing Chinese-built vessels, the service fee would be up to $1.5 million for each U.S. port of call.

All this reeks of lobbying.

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

This is one of those situations where I had to quickly skim the article to find out just how many ships this would apply to, and... uh...

Soon, Chinese-made vessels will represents 98% of the trade ships on the world’s oceans.

Wew lad.

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

Made a meme in response to this

[-] [email protected] 1 points 2 months ago

This is some solid art.

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

Offshore all manufacturing because it's cheaper

Build new international economic order where everything is imported

Cut off foreign trade because you're too racist

Economy implodes

Yep, it's America time

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

They had it made: China and the rest of the world shipped to the USA real, tangible goods in exchange for pieces of paper. But they got so crazy about those pieces of paper that they felt like this was a rip off, and blew up the whole system.

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

Everyone loves to make analogies between the Roman Empire and the American Empire but remember the Bronze Age collapse?

[-] [email protected] 1 points 2 months ago

Hell yeah get rid of one of the leading causes of climate change

this post was submitted on 29 Mar 2025

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