U.S.-China tariffs threaten European capital goods supply chains

European capital goods companies are starting to show the strain of Washington’s trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks. Makers of machines that rely on thousands of small parts from around the world – from Swedish lawnmower maker
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The European shipowners are pleased with the European Council’s decision of 30 July to extent the mandate of EU NAVFOR Somalia Operation Atalanta until 31 December 2020. The objectives of the Operation Atalanta is the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast and the protection of the
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Clean freight rates for Medium Range tankers have returned to 2018 lows seen earlier in the summer after a brief surge in activity in the second half of July. A weaker US Gulf market has again attracted ballasting ships to European waters, while West African demand, which led to increased fixing activity in mid-July, has
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Buying interest in the bunkering hub of Rotterdam is lacking as the crude oil complex continues a sustained period of strength. Suppliers at the Dutch port have largely been struggling with demand all week while buyers were holding off, waiting for the crude complex to settle, sources said. “There is some activity but…buyers are holding
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Key buyers of Iranian crude in Europe are starting to cease imports of Iranian crude for September-loading cargoes as the first round of US sanctions on Iran kick off next month. Trading sources at refineries in Spain, Italy and France that actively buy Iranian crude told S&P Global Platts that August-loading stems were probably the
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FEPORT welcomes the adoption on July 10th, 2018 of the report of the Transport and Tourism (TRAN) Committee of the European Parliament on the proposed revision of the Combined Transport Directive. FEPORT believes that the agreement forms a good basis for furthering discussions during the Austrian Presidency. The report of the Parliament further improves the
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European companies that export from China are changing the global flow of their goods to avoid higher American tariffs, a business group said Tuesday, as the impact of the U.S.-Chinese trade war spreads. Tariff hikes are “hitting immediately the bottom line” of companies that rely on the free flow of trade across countries, said Mats
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Since the beginning of the year, HAROPA – Port of Le Havre has been berthing the Saudi Arabian shipping line Bahri with a RoRo service for containers, as well as conventional and heavy-lift cargo. This new bi-monthly service, which now links HAROPA to the Red Sea and the Arabian Gulf, reinforces HAROPA’s position among the
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On Monday, the EU member states’ experts on ship recycling met in Brussels to discuss the latest developments, six months ahead of the application of the 2013 Ship Recycling Regulation. With the recent decision by the Chinese government to stop the import of end-of-life ships for scrapping, the shipping industry is quick to lament that
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During the 15th ESPO conference, the CEO of the Port of Rotterdam Authority, Mr Allard Castelein, called on the European Union to step up its investments in the infrastructure of ports and hinterland connections. This will further strengthen Europe’s economy and competitive position. “A port is only as strong as its hinterland connections,” according to Mr
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