EU Says China to Rein in Steel and Shipbuilding

Tuesday, April 03, 2007
The European Union has told China that it will face a growing threat of trade penalties unless it curbs breakneck capacity expansion in steel and shipbuilding, EU diplomats said on Tuesday. The diplomats said EU Industry Commissioner Guenter Verheugen had delivered the warning during a round of high-level meetings in Beijing. They said feelings were running high over the two sectors because steel was an important industry in nearly all of the EU's 27 member states and because the EU's own shipbuilding industry had just been through a painful round of consolidation. An EU spokesman in Beijing, Michael Jennings, said later that Verheugen strongly distanced himself from any suggestion that the EU was close to initiating any measures on steel or shipbuilding. Verheugen's mission to China had been one of dialogue and openness, Jenning said.

Brussels was alarmed by a surge of Chinese steel exports to the EU last year, when China became a net exporter of the metal for the first time. China's steel product exports to Europe jumped to more than 5 million tonnes last year, from 300,000-400,000 tonnes in 2005, and reached one million tonnes this January alone, according to the European Confederation of Iron and Steel Industries. On shipbuilding, he said Beijing was aware that Brussels was ready if need be to resort to the Injurious Pricing Instrument, an EU trade protection tool that is the equivalent of anti-dumping measures for shipbuilding. At his news conference, Verheugen said he regarded growing competition from China not as a threat but rather as an opportunity for EU industry to raise its game and become more innovative. The number of anti-dumping cases brought against China was minuscule compared with its exports to the EU. And in one high-profile case, involving shoes, the extra duties had not even affected retail prices in Europe, Verheugen said. Source: Reuters

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

DNV GL’s Synergi to Manage Siem Offshore Newbuilding Projects

Siem Offshore has chosen DNV GL’s Synergi Project to manage nine newbuilding projects. Synergi Project software The software is used to optimize the collaboration

Bahri Inks Contracts with Hyundai to Build 5 VLCCs

The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs),

USS George Washington Completes Carrier Qualifications

Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows

Navy

Libyan War Plane Bombs another Tanker

A fighter jet operated by Libya's military force backed attacked an oil tanker that was about to anchor in the northern city of Sirte, reports local media.   Lt Gen.

US Navy Submarine to be Named USS New Jersey

The U.S. Navy's next Virginia-class attack submarine will bear the name USS New Jersey, says AP reports.   U.S. Secretary of the Navy Ray Mabus hosted a ship-naming

USS George Washington Completes Carrier Qualifications

Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows

 
 
Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1419 sec (7 req/sec)