High-Trend International announced that it has developed a new operational response plan in light of recent adjustments to port fee policies for U.S.-China shipping routes. Under this new operational plan, the company will utilize China-manufactured vessels to undertake cargo transportation on China-related shipping routes. This strategic arrangement enables the Company to be exempt from the impact of the newly implemented port fees. The company expects this measure to effectively control its operating costs and further secure its competitive advantage in the Asia-Pacific shipping market.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HTCO:
- High-Trend International Group files $400M mixed securities shelf
- High-Trend International Group Launches $5 Million Share Repurchase Program
- High-Trend International Group authorizes $5M share repurchase program
- High-Trend International Group Regains Nasdaq Compliance
- High-Trend International Group regains Nasdaq compliance