EU Anti-dumping increase imports from China and Thailand

The European Union has advised that anti-dumping protection for hand pallet trucks will expire later this year, potentially opening the door for increased imports from China and Thailand.

The European regulators imposed restrictions in 2011 on the import of hand pallet trucks and parts from the two nations at the request of BT Products AB and Lifter SRL.

An investigation at the time found that imports from China were "clearly (undercutting) the prices of the Union industry by between 43% and 78%". Chinese imports accounted for almost 85% of the European market before the introduction of anti-dumping measures and threatened the viability of European producers.

Port News

 

Singapore

It has been reported that a few moments ago a shore crane collapsed in Sembcorp Marine's Tanjong Kling yard damaging a jackup rig, new building and injuring workers,

Nacala Mozambique

The town of Karadeniz will start during the next two weeks to supply electricity to Zambia from their generating ship as it takes advantage of the serious shortages in Africa. One of the vessels at Mozambique's Nacala port will supply a 100 megawatts for the next two years.

Gothenburg

The port is expanding with the constructions of a new terminal at the outer port area. The expansion is the largest since the 1970's 

Seattle

CMA megaship makes its first call at Seattle. This is the largest cargo ship to visit the US.

Georgetown

ZIM is to launch a new Guana and Suriname Express service with a route of Georgetown JFT - Monday/Tuesday - Paramaribo - Thursday/Friday  with 2 1100 TEU vessels

*Sanctions

New UN sanctions on North Korea 2nd March 2016

The UN Security Council has passed a resolution imposing new sanctions on North Korea. These sanctions:

1. require inspection of all cargo leaving or entering North Korea by sea or air;
2. ban all sales or transfers of small arms and light weapons to North Korea;
3. ban the export from North Korea of coal, iron, and iron ore being used to fund North Korea’s nuclear or ballistic missile programmes;
4. ban the export from North Korea of gold, titanium ore, vanadium ore, and rare earth minerals;
5. ban the export to North Korea of aviation fuel, including kerosene-type rocket fuel;
6. prohibit the export to and from North Korea of several new luxury items, including snowmobiles, recreational water vehicles, luxury watches, and lead crystal;
7. require member states to expel North Korean diplomats who engage in “illicit activites”;
8. ban North Korea from chartering vessels or aircraft, and call on countries to de-register any vessel owned, operated, or crewed by North Korea;
9. prohibit the opening of new branches, subsidiaries, or representative offices of North Korean banks in member states;
10. prohibit financial institutions from establishing new joint ventures, or maintaining or establishing correspondent relationships with North Korean banks;
11. require that member states close North Korean banks in their jurisdictions and terminate banking relationships with them within 90 days;
12. require member states to impose asset freezes on entities linked to North Korea’s nuclear and missile programmes (previously they were only encouraged to do this); and
13. impose asset freezes and travel bans on 16 people and 12 entities, including the agency responsible for North Korea’s rocket launch in February. 31 ships owned by Ocean Maritime Management Company will also be designated.

If  you would like a copy of the EU Best Practise for effective implementation concerning restrictive measures contact me john.edson@felixstowe-ac.co.uk of through our help line +44(0)1394 458554