U.S. plans to levy fees on China-linked ships, push allies to do same - report
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
U.S. Shipping Fees on Chinese Vessels: The U.S. plans to impose fees of up to $1.5 million on ships linked to China, including those built or flagged in China, as part of a draft executive order aimed at boosting domestic shipbuilding and reducing China's influence in the shipping industry.
Encouragement for Allies: The U.S. will encourage its allies to implement similar measures against Chinese vessels, with unspecified consequences for those who do not comply, potentially raising freight costs for U.S. exporters and impacting their global competitiveness.
Analyst Views on BOAT
Wall Street analysts forecast BOAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BOAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.947
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Current: 33.947
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
