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.
PYI cleared to sell Chinese port stake
Hong Kong-listed PYI Corp will use some of the proceeds from a US$229.6M sale of its majority stake in the deepwater Yangkou port near the mouth of the Yangtze River to invest in a river container terminal in Suzhou.
Tom Lau Ko-yuen, managing director of the port and infrastructure company, said shareholders have approved the company’s plan to sell a 50.1% stake in Yangkou port to the government of Rudong County, where Yangkou port is located, leaving PYI with a 9.9% interest. PYI originally owned 75% of the port, but sold a 15% interest in December 2009 for US$45.64M.
Read this item in full
This complete item is approximately 200 words in length, and appeared in the April 2011 issue of WorldCargo News, on page 11. To access this issue download the PDF here.
You just read one of our articles for free
To continue reading, subscribe to WorldCargo News
By subscribing you will have:
- Access to all regular and exclusive content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine