In the chart are those prices for each type of ship?
Chinese shipbuilding industry
- Thread starter tphuang
- Start date
In the chart are those prices for each type of ship?
Yes.
This video explains it good. The reports are in the description in case you want to read.
Now that the idea has been disseminated, its bound to happen. US will try to hobble Chinese ship building industry with restrictions, bans, sanctions, tariffs and finally port fees which means any Chinese built will have to pay more per trip.
China will inevitably have to focus on building up its own merchant fleet industry and take market share away from the greeks. That way, Chinese merchant fleet will start serving the entire world other than the US and thus continue to save Chinese shipbuilding industry
This twitter guy is like white version of Colin Koh. He's based in South Korea but all his posts are about china with significant negative bias.
Isn't what he's proposing the same as the Jones Act, but a different version? Wouldn't that just increase shipping cost to the US? Increase inflation ?
Wouldn't his proposal cause the price of Japanese and Korean ships to be priced even higher than Chinese ships, in line with the amount of tax the US imposes on Chinese ships? Then wouldn't it make shipping companies buy predominately Chinese ships for the rest of the world, except for the US?
Few trends that will help China:
- US is becoming self sufficient in energy, so no need to use ships to transport LNG, Oil, or materials to the US. Decreased demand for ship traffic to US.
- US ports don't support super large carriers, so again low demand on that route for those types of higher tech ships.
- US in general doesn't do a lot of intermediary processing which involves a lot of import, export, re-import, re-export sort of stuff. Only final goods, so lower demand.
- US also trades more of the higher value added stuff that is often transported via cargo aircraft rather than ships.
What would be helpful is to know how much container traffic, LNG, Bulk material travels to and fro US.
Why is Singapore tolerating this Colin Koh guy?
i have written in another thread: China can charge 10x port fees for non-Chinese built ships. If US can force shippers to use Japs or Korean built ships to dock at her ports, so can China. Which country has more ship traffics?
Port fees will raise the cost of trading with the US and with China. Other nations (like India) will benefit at their expense.
Draconian port fees will discourage foreign trade in both countries. But China is more reliant on foreign trade than the US, and so they will likely suffer a greater share of this self-inflicted damage.
Please read my post again. China can charge extra port fees for non-Chinese built ships. Chinese-built ones don’t get charged.