[Special Stock] Trump May Sanction Chinese Ships... STX Greenlogis Up Over 16%

STX Greenlogis is on the rise following news that President Donald Trump will soon sign an executive order imposing hefty fees on Chinese shipping companies and Chinese-made vessels using U.S. ports.

As of 2:18 PM on the 24th, STX Greenlogis is trading at 9,830 KRW, up 1,420 KRW (16.88%) from the previous trading day.

According to foreign media including Bloomberg, the U.S. Trade Representative (USTR) proposed last month to impose entry fees ranging from 1 million to 3 million USD on Chinese-made vessels entering U.S. ports to curb China's expanding influence in the shipbuilding and shipping industries. President Trump is reportedly preparing an executive order to implement this proposal.

Following the disclosure of this proposal, opposition has arisen within the shipping and port industries. A related hearing will be held over two days starting on the 24th (local time) in Washington D.C., attended by dozens of representatives from shippers, the Chinese shipbuilding industry, and other sectors.

In the stock market, this news is interpreted as driving buying interest in STX Greenlogis, leading to its stock price increase.

STX Greenlogis is strengthening its capabilities as a comprehensive shipping company. It transports Russian wood pellets and has signed a charter contract for one new eco-friendly bulk carrier from a major European shipping company in Japan, increasing its operating fleet by five vessels. In August last year, its subsidiary STX Shipping acquired 'Sun Ace Shipping,' enhancing its bulk cargo transportation capabilities.