Yangzijiang Shipbuilding dives 11% to S$2.66 after US proposed fees for Chinese-built ships

SHARES of maritime vessel maker Yangzijiang Shipbuilding fell on Tuesday (Feb 25) morning amid news of the Trump administration’s proposed imposition of fees for Chinese-built vessels entering US ports. 

At 9.35 am, the counter was down S$0.33 or 11 per cent at S$2.66, with 29.7 million securities changing hands.

The last time it traded at such levels was in December 2024, according to ShareInvestor data.  

By 9.57 am, the share price had eased back up to S$2.74, but still down by 8.4 per cent or S$0.25. 

This followed a proposal by the US Trade Representative’s office to slap Chinese-built vessels entering US ports with fees of up to US$1.5 million.  

Yangzijiang Shipbuilding’s shares closed on Monday at S$2.99, down S$0.23 or 7.1 per cent.