Overview

• The U.S. Trade Representative announced a finalized per-voyage fee structure targeting Chinese-built and operated ships, designed to revitalize the U.S. shipbuilding sector.
• Fees will apply per tonnage or container, capped at five voyages annually, with waivers available for shipowners who order U.S.-built vessels.
• Implementation is set for mid-October, with phased introductions for car carriers in 180 days and liquefied natural gas (LNG) vessels in three years.
• The revised plan addresses industry feedback by ensuring fees are non-cumulative and designed to limit economic harm and supply chain disruptions.
• China currently dominates the global shipbuilding market, producing nearly half of all ships, while the U.S. shipbuilding industry accounts for just 0.1% of global output.