USTR exempts STS crane orders arriving by May, 2026 from 25% tariff
NewsUnder new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.
Hong Kong-listed PYI Corp has taken control of the Yichang Port Group (YPG), which operates 57 berths along the Yangtze River in China’s central Hebei province.
PYI paid Yuan46M (US$6.8M), the final instalment in a Yuan149M deal agreed last year to acquire a 51% stake in YPG (see WorldCargo News September 2008, p7). The acquisition was financed by a US$46.7M) rights issue.
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This complete item is approximately 100 words in length, and appeared in the December 2009 issue of WorldCargo News, on page 12. To access this issue download the PDF here.
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