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.
In March, the Port of Houston processed 360,991 twenty-foot equivalent units (TEUs), marking a 20% year-on-year increase. Officials noted a 4% rise in overall cargo volume through the Houston Ship Channel and the port’s two container facilities, Barbours Cut and Bayport, for the first quarter. “Container throughput for the first quarter was notably strong as…
According to media reports, Italian union port workers plan to strike from 2 to 5 July, with protests scheduled across Italy from 1 to 7 July. Port services and shipping may be disrupted. Shippers with recent shipments to Italy should be aware of potential logistics delays. Despite six months of contract negotiations, Italy’s transport unions…
In its latest Global Trade Outlook and Statistics report, WTO forecast an increase in manufactured goods demand as inflationary pressures ease in advanced economies. World trade merchandise is expected to rise by 2.6% in 2024 and 3.3% in 2025, after falling by 1.2% in 2023. The fastest 2024 growth in exports is expected in Africa…
In March 2024, US container imports increased by 0.4% compared to February, indicating a continued recovery in trade imports, with a 15.7% growth compared to the same period in 2023.Compared to February 2024, imports also continued to decline due to the impact of the Chinese Lunar New Year. Import volumes at the Port of Los…
Major air cargo ports in China include: Tianjin Beijing Chengdu Guangzhou Hong Kong Shenzhen Shanghai Hangzhou Xian Xiamen Qingdao Wuhan Aspect Detail Transit Time 3 to 5 days Cost per Kg $4 to $8 Best Suited For High-value, perishable, time-sensitive goods Advantages and Considerations of Air Freight Choosing the Right Air Freight Forwarder
If you were to stand on the load platform at the massive Domino Sugars refinery along the Port of Baltimore today, you would see the collapsed remnants of the Francis Scott Key bridge in the distance. The bridge was a vital piece of the city’s infrastructure and a notable part of its visual identity. In…
