KUALA LUMPUR, April 4 (Bernama) -- Bursa Malaysia closed lower today, with the benchmark index falling by 0.97 per cent, as persistent selling across various sectors weighed on the market, which continued to feel the impact of sweeping US tariffs. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 14.77 points to 1,504.14 from Thursday’s close of 1,518.91. The benchmark index opened 9.90 points easier at 1,509.01 and fluctuated between 1,500.90 and 1,515.74 throughout the day. In the broader market, losers thumped gainers 777 to 185, while 366 counters were unchanged, 1,031 counters untraded and 19 others suspended. Turnover fell to 1.81 billion units valued at RM1.89 billion against Thursday’s 2.51 billion units valued at RM1.81 billion.
China now builds the majority of the world’s commercial ships. The US wants to reclaim ground—but at what cost?
What’s Happening
China accounts for over 1/3 of all ships currently trading and 57% of ships under construction.
The US proposes up to $3.5 million in port fees for Chinese-built or operated vessels.
The goal: revive US shipbuilding and reduce reliance on Chinese yards.
Why It Matters
The US hasn’t produced commercial ships at scale since the 1970s.
China’s rise was fueled by $132B in state support, cheap labor, and strategic planning.
Proposed US rules also push for more exports on US-flagged and US-built ships—up to 15% by year 7.
Market Impact
83% of container ships calling at US ports in 2024 would have been hit with fees under the new rules.
Shipping companies, exporters, and retailers warn of higher costs, inflation, and disrupted trade.
Smaller US ports and low-margin exporters may be most at risk.
The Bigger Picture
US yards today focus almost entirely on military vessels.
A revival would need time (6–7 years), infrastructure, and labor.
The move is framed as both economic and national security policy.
Key Takeaways
China dominates global shipbuilding, backed by long-term state support.
US protectionist measures aim to rebuild capacity, but face major cost and time challenges.
Industry backlash signals economic risks: inflation, export competitiveness, and trade disruption.
Policy changes could reshape global shipping routes and supply chain strategies in the years ahead.
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