Tunnage (Noun)
Meaning
A tax imposed on ships that enter the US; based on the tonnage of the ship.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government collects tunnage on all foreign vessels entering the country's ports to help fund maritime infrastructure projects.
- To avoid the hefty tunnage, some shipping companies reroute their vessels to avoid US ports.
- Tunnage fees vary depending on the type and size of the ship, as well as the cargo it carries.
- Maritime industry leaders argue that high tunnage rates in the US make it difficult for them to compete with other countries.
- A significant portion of the tunnage collected is allocated to maintain and upgrade the nation's navigation channels and ports.