STOCKHOLM, Nov 5 (Reuters) - Automakers transporting
their cars to the U.S. could face $200 to $300 per vehicle in
additional costs, the CEO of car carrier Wallenius Wilhelmsen ( WAWIF )
told Reuters on Wednesday, as the company seeks to
pass on new U.S. port fees to customers.
Higher-than-expected U.S. port fees on foreign-built ships
took effect in mid-October as part of a trade dispute between
China and the U.S. That prompted Wallenius Wilhelmsen ( WAWIF ), which
operates "roll-on/roll-off" carriers that ship cars and heavy
machinery worldwide, to withdraw its financial outlook.
"We're clear that this bill is an additional cost we've been
given and that we need to pass on to our customers," Chief
Executive Lasse Kristoffersen said.
A late-October agreement between U.S. President Donald Trump
and Chinese President Xi Jinping granted a 12-month reprieve
from the tit-for-tat fees on each other's ships, delaying
changes that could cost shipping companies millions of dollars
and disrupt vessel schedules.
But Wallenius said on Wednesday it was still unclear whether
the suspension covers port fees for roll-on/roll-off carriers,
and warned that its total cost exposure for the fourth quarter
could reach about $100 million before mitigation measures and
customer compensation.