US maritime regulators’ decision to add the multipurpose vessel operator to the controlled-carrier list comes amid a wider US-China trade dispute.
In addition to various ongoing supply chain disruptions that US agricultural shippers face, they must now contend with the highly volatile tariff environment that is forcing them to seek new markets for their products.
The US Trade Representative (USTR) laid out actions to counter China’s maritime dominance that could put Cosco Shipping and subsidiary OOCL on the hook for millions when their ships call the US.