Commodities
Oil Traders Shun China-Made Ships for US Flows on Trump Levies
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Oil traders looking to book ships that call at US ports are trying to avoid Chinese-built vessels, after President Donald Trump proposed hefty fees on them in a bid to revive American shipbuilding.
Charterers booking ships to haul cargoes that will load from, or discharge at, US terminals are asking for vessels that weren’t constructed in Chinese yards, according to people involved in the market. The requests are being made when traders have alternatives, such as South Korean-built tankers, the people said, declining to be identified discussing sensitive commercial matters.