Freeport pays crane tariffs to avoid USTR fee risk
The Gulf Coast port faced the potential that later US actions against Chinese ship-to-shore cranes would raise costs more if it deferred delivery.
The Gulf Coast port faced the potential that later US actions against Chinese ship-to-shore cranes would raise costs more if it deferred delivery.
A wave of new mining projects to support domestic demand for critical minerals is expected to drive roll-on/roll-off cargo demand.
Deliveries are halted due to the work stoppage, which started after Canada’s government announced reforms for the beleaguered carrier.
The new levies, ranging from 25% to 100%, will go into effect Oct. 1, the president said Thursday.
The jump in blank sailings comes as spot rates to the West Coast have fallen 30% over the past three weeks, with East Coast prices down almost 20%.
Progress for wind projects in the UK and Taiwan have bucked the trend of an expected drop in offshore wind turbine generator awards this year.
Limited domestic tinplate capacity makes it difficult to source materials for canned goods in the face of steel and aluminum tariffs, according to executives.
A federal appeals court said the agency made an unfair and arbitrary rule that allows ocean carriers to bill late fees to one set of contracted parties but not others, like truckers.
Smaller airports in Europe have positioned themselves as business-friendly entry points for cross-border e-commerce traffic that moves mostly on freighters, according to consultancy Trade and Transport Group.
As part of the Section 232 probe, the Trump administration will weigh the need for tariffs on goods such as surgical masks, blood glucose monitors and wheelchairs.