DOC Levels 22.52% Duty on Japanese Engines

Friday, August 06, 2004
The U.S. Department of Commerce (DOC) has issued a preliminary determination of "dumping" by Japanese outboard engine manufacturers, and has ordered a 22.52 percent import bond be posted for each Japanese engine brought into the United States, according to a press release being distributed by Mercury Marine. The DOC's ruling follows an investigation launched earlier this year after U.S.-based Mercury Marine filed a petition with the DOC and the U.S. International Trade Commission (ITC).

"We are pleased the Commerce Department's investigation has confirmed Mercury's contention that Japanese outboard engine makers have been violating U.S. anti-dumping laws by engaging in unfair pricing practices during the past several years. We believe these actions have significantly harmed the domestic outboard engine industry," said Patrick C. Mackey, president of Mercury Marine.

"This was not an action undertaken lightly," Mackey continued. "Even though engines Mercury imports from Japan will be subject to the duty, we believed it was our responsibility - to our shareholders, our employees and the U.S. marine engine industry - to follow this course. What we seek is a level playing field upon which all outboard engine manufacturers sell at 'fair value,' competing solely on the basis of their products' features, appeal, price and value. As other industries have seen, by deliberately undercutting pricing to create an artificial advantage in the marketplace, these Japanese companies did not follow U.S. law. Our hope is that these findings will ensure that everyone competes on an equal footing in the marketplace going forward."

During the ITC's preliminary investigation, Mercury Marine presented evidence that Japanese underselling had resulted in rapidly increasing market share by those companies, and that American companies had been materially harmed. Additional evidence illustrated that Japanese underselling had suppressed domestic prices, and that price undercutting by Japanese engine companies had been especially aggressive with large boat builders and boat dealers, who account for a significant portion of engine sales.

The DOC's order will take effect upon its filing and publication in the Federal Register, which is expected to take place in about a week. The DOC will make a final determination on the duties imposed in the coming months. After that, the ITC will announce its final findings regarding the extent to which illegal pricing practices by Japanese companies have harmed Mercury and other companies that manufacture outboard engines in the U.S.

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

Contracts

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Viking Orders 2 Liebherr Cranes

An LR 1300 with super lift equipment and an LR 1160 crawler crane will strengthen the fleet of Viking Cranes. The Tallinn-based company with branch offices

KPCT Launches New Gulf Service

Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector.

Legal

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

5 Tunisian Migrants Die in Shipwreck

At least five Tunisian migrants died on Saturday when their boat sailing to Italy capsized off the Tunisian coast, officials said. "A migrant boat carrying

Oil-coated Pelicans Being cleaned at Rehab Center

Several petroleum-stained pelicans rescued from the blackened muck of California's latest oil spill spent the day on Friday being gently, painstakingly scrubbed

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.1289 sec (8 req/sec)