Is the hit to Yangzijiang Shipbuilding share price going to be fleeting?
The current signs point to the hit to Chinese shipbuilders lasting beyond Trump’s term
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[SINGAPORE] The share price of Yangzijiang Shipbuilding has plunged nearly 30 per cent since the United States proposed in February levying US$1.5 million in fees on Chinese-built or Chinese-operated ships, as well as liners with orders for Chinese vessels, calling at its ports.
The Singapore counter hit a 52-week high of S$3.30 on Feb 20, but the rally that had started at S$1.70 in May 2024 quickly unravelled following the US proposal.
The fees and other shipping restrictions on Chinese vessels proposed by the US include port entrance fees of up to US$1 million a vessel owned by Chinese operators, or a US$1,000 charge for each net tonne of the vessel’s cargo capacity.
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