New York-listed tanker owners have control of more than $6.7bn worth of vessels that could be hit with additional surcharges if the US moves forward to try and undermine China’s shipbuilding dominance.
The total Chinese-built fleet for tanker owners trading in the world’s largest capital market encompasses 162 ships, or just under 20% of the total fleet, across asset classes, according to a TradeWinds analysis of shipping databases and company-maintained fleet lists.