USTR Section 301 Action on China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance
USTR noticeRegulation tightenedPublished 25/04/17Open the original
Summary
USTR announces Section 301 action on China's targeting of the maritime, logistics and shipbuilding sectors. Fees are $0 for the first 180 days, then apply to Chinese vessel owners and operators of Chinese-built ships by net tonnage and to foreign-built car carriers; after 3 years, limited restrictions on moving LNG on foreign vessels begin.
By industry
- Shipbuilding & MASGA1 trading day−0.0%p15 stocks5 trading days−3.0%p15 stocks20 trading days−2.3%p15 stocks
“USTR took targeted action to restore American shipbuilding”
- Energy & LNG1 trading day+0.4%p15 stocks5 trading days−4.1%p15 stocks20 trading days−7.4%p15 stocks
“limited restrictions on transporting LNG via foreign vessels”
Day by day after the announcement
| Day | Shipbuilding & MASGA stocks | S&P 500 |
|---|---|---|
| 25/04/16 | 0.0% | 0.0% |
| 25/04/17 | +0.5% | +0.6% |
| 25/04/21 | −1.8% | −2.1% |
| 25/04/22 | −2.0% | +2.2% |
| 25/04/23 | −0.8% | +2.2% |
| 25/04/24 | +1.5% | +4.5% |
| 25/04/25 | +2.2% | +4.9% |
| 25/04/28 | +2.6% | +4.8% |
| 25/04/29 | +3.5% | +5.3% |
| 25/04/30 | +3.3% | +6.3% |
| 25/05/01 | +4.9% | +6.1% |
| 25/05/02 | +6.9% | +8.0% |
| 25/05/05 | +6.1% | +7.3% |
| 25/05/06 | +4.6% | +7.3% |
| 25/05/07 | +4.6% | +6.8% |
| 25/05/08 | +6.4% | +7.5% |
| 25/05/09 | +6.4% | +7.5% |
| 25/05/12 | +9.1% | +11.1% |
| 25/05/13 | +9.2% | +11.7% |
| 25/05/14 | +8.7% | +11.8% |
| 25/05/15 | +10.2% | +12.4% |
Korean stocks in these industries
- Hanwha Ocean 042660
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- J. Palmer Clarkson
BuyCNX Resources
BuyCNX Resources
CNX
$312K
10,000 sh
$312K
Filed 25/05/13
Traded 25/05/12
- Bradley D. Tilden
BuyMatson
BuyMatson
MATX
$257.4K
2,273 sh
$257.4K
Filed 25/05/12
Traded 25/05/12
- James A. Winnefeld Jr.
BuyRTX
BuyRTX
RTX
$23.6K
200 sh
$23.6K
Filed 25/04/23
Traded 25/04/23
- Jeffrey A. Jewell
BuyDT Midstream
BuyDT Midstream
DTM
$6,510
65 sh
$6,510
Filed 25/05/09
Traded 25/05/09
- Bradley D. Tilden
BuyMatson
BuyMatson
MATX
$43K
376 sh
$43K
Filed 25/05/12
Traded 25/05/12
- Mark Scucchi
SellRange Resources
SellRange Resources
RRC
$2.4M
59,994 sh
$2.4M
Filed 25/03/20
Traded 25/03/20
- W. Howard Keenan Jr.
SellAntero Resources
SellAntero Resources
AR
$23.7M
583,189 sh
$23.7M
Filed 25/05/15
Traded 25/05/13
- W. Howard Keenan Jr.
SellAntero Resources
SellAntero Resources
AR
$19.7M
478,798 sh
$19.7M
Filed 25/05/15
Traded 25/05/13
- Mark Scucchi
SellRange Resources
SellRange Resources
RRC
$1.8M
45,142 sh
$1.8M
Filed 25/03/20
Traded 25/03/20
- Dennis Degner
SellRange Resources
SellRange Resources
RRC
$1.4M
35,850 sh
$1.4M
Filed 25/05/15
Traded 25/05/14
- Lynn M. Bamford
SellCurtiss Wright
SellCurtiss Wright
CW
$1M
3,131 sh
$1M
Filed 25/03/18
Traded 25/03/18
- Jeremy Knop
SellEQT
SellEQT
EQT
$368K
7,216 sh
$368K
Filed 25/04/30
Traded 25/04/28
- Amy L. Johnson
SellRTX
SellRTX
RTX
$320.8K
2,515 sh
$320.8K
Filed 25/05/08
Traded 25/05/06
- K. Christopher Farkas
SellCurtiss Wright
SellCurtiss Wright
CW
$300.1K
922 sh
$300.1K
Filed 25/03/18
Traded 25/03/18
- Amy L. Johnson
SellRTX
SellRTX
RTX
$207.9K
1,631 sh
$207.9K
Filed 25/05/08
Traded 25/05/06
- William Lynn III
Sell10b5-1 planLeonardo DRS
Sell10b5-1 planLeonardo DRS
DRS
$1.8M
45,000 sh
$1.8M
Filed 25/05/16
Traded 25/05/15
- K. Christopher Farkas
Sell10b5-1 planCurtiss Wright
Sell10b5-1 planCurtiss Wright
CW
$1.7M
4,780 sh
$1.7M
Filed 25/05/01
Traded 25/05/01
- W. Howard Keenan Jr.
SellAntero Resources
SellAntero Resources
AR
$1.5M
38,013 sh
$1.5M
Filed 25/05/15
Traded 25/05/14
- William Lynn III
Sell10b5-1 planLeonardo DRS
Sell10b5-1 planLeonardo DRS
DRS
$1.5M
45,000 sh
$1.5M
Filed 25/03/19
Traded 25/03/18
- Yvette K. Schultz
SellAntero Resources
SellAntero Resources
AR
$1M
25,200 sh
$1M
Filed 25/05/19
Traded 25/05/16