Latest news from Heavy Lift & Project Forwarding International Magazine

Tariffs taking their toll

Last week, US President Donald Trump said that an additional 10 percent tariff will be imposed on Chinese-origin goods effective September 1, 2019.

USD300 billion of tariffs will be applied to so-called ‘List 4’ items that have, to date, escaped additional duties. These comprise approximately 3,800 items and include textiles, apparel and footwear.

The proposed hike comes as trade talks between the USA and China stalled. Industry analysts expect China to retaliate in kind.

The Chinese Yuan, meanwhile, has slipped to its lowest level since 2008 and is currently trading at USD1:RMB7.08. The slump prompted the US Treasury to label China a currency manipulator. The actions of China’s central bank have been described as a way of boosting Chinese exports while offsetting the negative effects of the ongoing trade tensions; China’s GDP growth of 6.2 percent for the quarter ended June 2019 was the lowest reported for 27 years.

Germany, meanwhile, posted weak industrial output figures for June 2019. The country’s Statistics Office said industrial output fell by 1.5 percent month on month with the US-China trade dispute cited as a key reason for the decline. Both markets are key export destinations for German-made goods.

The September/October 2019 edition of the magazine will include a dedicated report on the USA's project logistics market and, according to those already interviewed by HLPFI, there is near-universal agreement that the complex geopolitical environment is negatively affecting the country's project logistics supply chain. If you would like to contribute in an editorial capacity, please get in touch with David Kershaw.

Heavy Lift | News

The scrubber solution for GHG emissions thumbnail image

The scrubber solution for GHG emissions

August 16 - Advocates of exhaust gas cleaning systems (EGCS) are championing the use of the technology as a way to reduce global CO2 emissions, as well as complying with the looming IMO sulphur 2020 regulations.
Views: 784
Trade war effects hit the West Coast thumbnail image

Trade war effects hit the West Coast

August 13 - Protracted trade tension between the USA and China has hit the bottom lines of ports and terminals active on the US West Coast. Predicting how volumes will develop in the coming months is proving difficult.
Views: 1168
Houston readies for PCB 2020 thumbnail image

Houston readies for PCB 2020

August 13 - The Project Cargo & Breakbulk conference and exhibition 2020 (PCB 2020) – a new event for the project logistics supply chain – will take place in Houston during April next year.
Views: 1162

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.