【中信期货】美国航运政策变化的可能影响-250902（14页）.pdf

1、重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人投资建议。我司不会因为关注、收到或阅读本报告内容而视重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人投资建议。我司不会因为关注、收到或阅读本报告内容而视相关人员为客户。相关人员为客户。This report is not a service under the futures trading consulting business.The opinions and information provided are for reference only and do n

2、ot constitute investment advice to anyone.CITIC Futures will not consider relevant personnel as customers due to their attention,receipt,or reading of this report.Investment consulting business qualification：CSRC License 2012 No.669 投资咨询业务资格：证监许可【2012】669 号 中信期货国际化研究中信期货国际化研究|CITIC Futures Internati

3、onal Research 2025-09-02 Potential Influence of U.S.Shipping Policy Change 美国美国航运政策航运政策变化变化的可能影响的可能影响 摘要摘要 Abstract In late April,the Office of the United States Trade Representative announced the U.S.301 investigation into Chinas maritime,logistics and shipbuilding,and decided to impose high port f

4、ees on Chinese shipowners and owners and operators from October 14,2025.In addition,on April 30,members of the U.S.Congress jointly resubmitted a major legislative proposal known as the SHIPS for America Act,which seeks to works alongside with the 301-investigation fee to revitalize the U.S.merchant

5、 fleet and the homegrown shipbuilding industry in the global shipping landscape,and jointly crack down on Chinas maritime,logistics and shipbuilding industries.The two policies may lead to the relocation of the shipbuilding industry and the decline in the share of Chinas new ship orders,raise the co

6、st line of Chinese shipping companies,and promote the reconstruction of trade flows.Under the pressure of U.S.-China trade policies,overall trade levels have declined,potentially leading to a contraction in the U.S.shipping route market.Attention should also be paid to overcapacity pressures on the