A hefty fee on Chinese-built vessels
On 21 February, the US Trade Representative’s (USTR) office published a notice that laid out its proposed fees and other shipping restrictions on Chinese vessels. These proposals came amid a US probe into China’s shipping dominance over the past 20 years. The USTR published a January 2025 report that showed China’s share of global shipbuilding tonnage has increased to more than 50% in 2023, up from just 5% back in 1999. These proposals include port entrance fees of up to...Yangzijiang Shipbuilding (SGX: BS6), or YZJ, was the top-performing blue-chip stock in Singapore last year.
The Chinese shipbuilder saw its share price soaring on the back of record-high orders that boosted its order book to an all-time high.
However, shares of YZJ plunged close to 28% last week after hitting an all-time high of S$3.32 on 20 February.
Investors should be curious to know what happened to precipitate this plunge, and whether the share price can witness a rebound.
Let’s find out.
