LOS ANGELES, Nov 4 (Reuters) - U.S. ocean shipping

company Matson ( MATX ) has paid $6.4 million in port fees to

China since they were implemented on October 14, CEO Matt Cox

said on Tuesday.

President Donald Trump and President Xi Jinping last week

agreed to put those tit-for-tat levies on pause for 12 months,

starting on November 10. Media outlets in China had reported

that Matson ( MATX ), one of a handful of global shipping firms with

U.S.-built and flagged vessels, was the first to pay the fees in

China.