(Reuters) -Oil tanker operator DHT Holdings said on Monday that its fleet does not fall under the scope of China’s new special port fees targeting U.S.-linked vessels. China has imposed fees on U.S. ships that visit its ports, effective October 14, as a countermeasure to U.S. port fees on China-linked ships. China’s move targets U.S. […]
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DHT says its fleet has no US links after China’s new port fee move
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(Reuters) -Oil tanker operator DHT Holdings said on Monday that its fleet does not fall under the scope of China’s new special port fees targeting U.S.-linked vessels.
China has imposed fees on U.S. ships that visit its ports, effective October 14, as a countermeasure to U.S. port fees on China-linked ships.
China’s move targets U.S. built, flagged and operated ships, as well as companies with 25% or more of their shares or board seats held by U.S.-domiciled investment funds.
DHT said “each vessel in the company’s fleet is directly owned by a non-U.S. entity, was built in a non-U.S. jurisdiction, does not fly the U.S. flag and is operated from management companies in Monaco, Norway, Singapore and India.”
Additionally, U.S. nationals only represent 20% of the composition of the company’s board, it said.
DHT added that it was not aware of U.S. shareholders or reporting groups that control over 25% or more of DHT’s shares or voting rights. However, the company cautioned that it cannot accurately verify the ownership of each individual shareholder.
(Reporting by Sumit Saha in Bengaluru; Editing by Shailesh Kuber)