GReek shipments are very exposed to Chinese -made ships and can be influenced if the US moves forward with proposals to impose tariffs on all ships made in China entering the port. In his latest weekly report, Shipbroker Xclusiv said that “Last week President Donald Trump signed an executive order partially reversed the 25% tariff in Canada and Mexico, only two days after imposing it. This sudden policy shift, freeing goods covered in USMCA, highlighted the chaotic and unexpected nature of the US trade policy. In the midst of this volatility, the proposal by the US Trade Representative (USTR) to impose tariffs on all ships built in China is increasingly disturbing the global shipping industry, increasing concerns about the increase in costs and supply chain disturbances. Regarding this background, the CMA CGM $ 20 billion investment in US maritime infrastructure emerged as a significant step, in harmony with Trump’s encouragement to revive the making of domestic ships and secure US economic and geopolitical interests in the shipping sector. In the announcement of the famous White House, CMA CGM CEO Rodolphe Saadé who is committed to an $ 20 billion investment in US delivery and logistics, promised to create 10,000 jobs over the next four years. This ambitious plan includes expanding the container terminal, building an air cargo center in Chicago, acquiring the five new Freighter Boeing 777, and three times the number of US -flagged ships operated by a subsidiary of the company, APL “.
Source: Xclusiv
According to the ship, “Trump, seized the moment, reiterated his commitment to revive US shipbuilding, swear to launch a new government program to build” the largest ship in the world “-a step that can interfere with global shipping, especially for ships made in China. Administrative attitudes show potential policy changes that can support US shipbuilding when punishing foreign-made ships, possibly leading to higher costs and logistical challenges for international shipping operators. Increasing concerns about supply chain disruptions and rising transportation costs. CMA CGM’s commitment signifies the support of a strong private sector for US maritime infrastructure, but there are still questions about the feasibility of large -scale shipbuilding in the US and a broader impact of protectionist policies in the dynamics of global trade. When this development takes place, the shipping industry strengthens the competitive landscape that is re -formed, with broad implications for domestic and international players “.
“But let’s see how the exposure of Greece delivery to the American intention to reach the Chinese shipbuilding industry. Analysis of the Delivery Fleet and Greek Orders Book revealed significant dependence and developed in Chinese shipbuilding. This trend is very clear in the bulk and general cargo carrier sector (for ships ≥ 10,000 DWT), of which 43% of the fleets are built in China. In particular, of the 168 bulk carrier ships currently being ordered, 135 is being built in a Chinese shipyard, while only 33 ships are being built in other countries. In the tanker sector, the trend remains, although at a slightly lower level. 26% of the Greek tanker fleet was built in a Chinese shipyard. The Orderbook further emphasized the influence of China, with 216 out of 288 tankers over the order built in China.
Source: Xclusiv
The container sector shows the most prominent dependence on Chinese shipbuilding. 30% of the Greek container fleet is currently built in China. This figure is reinforced by the fact that all 46 containers are currently being ordered in a Chinese shipyard. Conversely, the gas carrier sector shows the lowest dependence on the Chinese shipyard. Only 4% of the Greek gas carrier fleet is made in China. In addition, of the 100 gas operators ordered, only 7 are being built in China. Greek ship owners do not better like Chinese yard for this special sector, perhaps due to technological requirements, long -term relations with certain shipyards, & strategic considerations “, Xclusiv concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide
