The EU Commission will launch a new investigation into whether Chinese wind turbine suppliers have an unfair advantage in the European market through subsidies.
Image from “THE IRISH TIMES”
Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria. She did not disclose the names of the relevant companies in his speech.
The European Commission has initiated an investigation into whether tariffs should be imposed on electric cars imported from China, stating that there is evidence indicating that Chinese electric cars benefit from government subsidies.
“It is only natural that the (EU Commission) use the tools at its disposal to restore fair and open competition on the market,” said WindEurope Chief Policy Officer Pierre Tardieu. European manufacturers were banned from using state-backed financing to shore up their bids by offering cheaper prices or deferring payments under OECD free trade rules, Tardieu added on a conference call.
The wind power investigation will be under new EU powers which have allowed the Commission since July 2023 to assess whether foreign subsidies allow companies to submit overly advantageous offers in public tenders. Shares in Vestas, which declined to comment, closed 0.7% higher. A Siemens Energy spokesperson also declined to comment on the EU investigation, but said that all market participants needed a level playing field.
Since the beginning of this year, shipping prices have skyrocketed, leading to a phenomenon where containers are in extremely short supply. Due to the high demand, shipping companies have also started releasing cargo space through alternative methods. Recently, an American furniture dealer, PKDC, filed a lawsuit with the Federal Maritime Commission (FMC), seeking $12 million…
Ocean alliances are collaborative agreements between major container shipping lines. These agreements allow member lines to share vessels, port calls, and even entire trade routes. The primary objective behind forming these alliances is to achieve economies of scale, optimize capacity, and enhance service offerings, all while reducing operational costs. The Major Ocean Alliances There are…
On April 24, local time, Yemeni Houthi spokesman Yahya Sarea announced that its naval forces have successfully carried out a number of attacks in the Gulf of Aden and the Indian Ocean, targeting the United States, Israel and U.S. ships and U.S. destroyers. According to Sarea’s statement, the Houthis successfully attacked the U.S. container ship…
There are numerous freight forwarders available on the Alibaba platform. You can ask your supplier to refer a good freight forwarder to you. You can also find reliable freight forwarders online or check other marketplaces. You should try to get many freight forwarders so that you can screen them based on their experience shipping to…
1、Australia Launches Anti-Circumvention Investigation on Chinese Coil Anti-Dumping Case On 9 May 2024, the Australian Anti-Dumping Council (ADC) issued Notice No. 2024/029, stating that it had initiated an anti-circumvention investigation into the anti-dumping case of China’s rod in coil in response to an application filed by InfraBuild (Newcastle) Pty Ltd, an Australian domestic enterprise. The…
The recent severe weather has indeed had a serious impact on international logistics, especially in Europe and the Americas. As you mentioned, these extreme weather conditions have not only affected land transportation but also caused losses to container ships at sea. The incident involving the MSC Antonia is particularly noteworthy. On August 28, this Liberian-flagged…
