
CNBC Highlights “Bureaucratic Bind Spot” in USTR Port Fee Program
The American news channel CNBC is highlighting what is being called a “bureaucratic blind spot” in the new USTR port fee program. During an interview with the Atlantic Container Line CEO, Andrew Abbott, it reports that the carrier could be facing fees of $34 million per year, which the CEO calls “unsustainable.” The carrier, which is a division of Grimaldi Group, was set up 60 years ago by five major European steamship companies. Today, it is a unique...
Continue Reading...