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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

World’s Largest Containership First Tested at MARIN

MARIN was delighted to take part in a truly historic milestone in the industry when Daewoo Shipbuilding and Marine Engineering (DSME) asked MARIN to investigate

ICS Addresses OECD Shipbuilding Working Party

The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, the International Chamber of Shipping (ICS) said to governments

Brunswick Updates IMPACT Model Vessels

Brunswick Commercial & Government Products (BCGP) introduces 2015 model year updates to the 10-, 11- and 12-meter IMPACT models. Updates include a wider beam for more usable deck space,

Navy

Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge

Greece Deploys Frigate to Stricken Rescue Ship

Greece has sent a frigate to rescue a container ship believed to carrying hundreds of undocumented migrants and in distress off its southern island of Crete, the Greek coastguard said on Tuesday.

Migrant Rescue Draws Budget Concerns in the Mediterranean

Seafarers’ Rights International (SRI) has raised concerns about the implications for masters of the recent reports of the launch of the new EU Frontex operation

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1437 sec (7 req/sec)