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

Shipbuilding

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

BMT Expands to Meet Increased Workload

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced the completion of new offices in Southampton in order to meet a large increase in design work.   Operating

NYC Ferries: Gladding-Hearn Building Three New Vessels

Gladding-Hearn Shipbuilding, Duclos Corporation, has begun construction of the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City.

Navy

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

NYC Ferries: Gladding-Hearn Building Three New Vessels

Gladding-Hearn Shipbuilding, Duclos Corporation, has begun construction of the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City.

Warships Shell Houthis Outside Yemeni City of Aden

Warships shelled a column of Houthi fighters and troops loyal to former president Ali Abdullah Saleh as they tried to advance on the southern port city of Aden on Monday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1332 sec (8 req/sec)