By Saleha Mohsin, Andrew Mayeda and Ye Xie (Bloomberg) -- Talks between the world’s two biggest economies got off to a tense start as U.S. Commerce Secretary Wilbur Ross upbraided China over the trade imbalance and both governments canceled their closing press conferences. At opening remarks between the two sides, Ross complained about the trade gap with China in unusually … [Read more...]
Qatar Seeks to Open New LNG Markets with Floating Terminals
LONDON, July 19 (Reuters) - Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals. Hoegh LNG, a developer of floating LNG import terminals, expects to start work on the import terminal project in a matter of months, CEO Sveinung … [Read more...]
Port of Los Angeles Handles Record 9.2 Million TEU in FY 2017
The Port of Los Angeles handled a record 9.2 million Twenty-Foot Units (TEUs) in its 12-month fiscal year ending in June, the highest annual container throughput for any port anywhere in the Western Hemisphere. The Port of Los Angeles reported Monday that volumes increased 8.1 percent in June compared to the same period last year, marking the second busiest June in the … [Read more...]
Commerce Secretary Ross Urges China to Give U.S. Companies Equal Footing on Trade
By Saleha Mohsin and Ye Xie (Bloomberg) -- China’s maturing economy needs to further open markets to American investors and exporters so they can compete on equal footing, U.S. Commerce Secretary Wilbur Ross said. “There remains serious imbalances which we must work to rectify,” Ross said at an event in Washington on Tuesday organized by the U.S.-China Business Council. “It … [Read more...]
Tempers Flare as Hamburg Selects Chinese Consortium for Container Port Expansion Project
By Mike Wackett (The Loadstar) - A storm is brewing in the city of Hamburg over the port authority awarding the development of the 42ha Steinwerder South container terminal project to a Chinese conglomerate. Hamburg Port Authority (HPA) launched an ‘ideas’ competition in January for the development of the redundant area on the south side of the city to include up to 1,100m … [Read more...]
Russia Told to Pay Dutch $6 Million Over Greenpeace ‘Arctic Sunrise’ Seizure
By Toby Sterling AMSTERDAM, July 18 (Reuters) - Russia must pay the Netherlands more than 5 million euros ($5.79 million)in damages for seizing a Dutch-flagged Greenpeace vessel in 2013 and arresting 30 people aboard, an international arbitration panel ruled on Tuesday. Russian Federal Security Service agents captured the Arctic Sunrise in international waters after a … [Read more...]
China Says It’s Done Taking Our Garbage
By Tom Miles GENEVA, July 18 (Reuters) - China notified the World Trade Organization (WTO) on Tuesday that it would stop accepting shipments of rubbish such as waste plastic and paper as part of a campaign against "foreign garbage." The import ban, which will enter into force by the end of 2017, will also cover slag from steelmaking, and many kinds of waste wool, ash, cotton … [Read more...]
