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Meeting in Washington for the second day of their formal Strategic and Economic Dialogue talks, senior officials of the United States and China discussed new ways to support free trade to restore growth to the struggling global economy. U.S. Treasury Secretary Timothy Geithner told the press, "We will discuss additional measures that our two countries can...
New orders for manufactured durable goods in June decreased $4.1 billion or 2.5 percent to $158.6 billion, reversing an upward trend of the previous two months, the U.S. Census Bureau announced Wednesday. Transportation goods led the decline; orders for non-transportation goods increased 1.1 percent. Shipments of manufactured durable goods extended a reco...
The American Iron and Steel Institute and the Steel Manufacturers Association released a study Tuesday claiming a negative impact of China's economic policies on U.S. and world economies. Entitled "Rebalancing the U.S.-China Economic Relationship: A Steel Industry Perspective," the study examines Chinese industrial policies. The study says those policies...
U.S. imports of steel in June were only 850,000 tons, down 18 percent from May and down 68.9 percent compared with June 2008, the Commerce Department reported Tuesday. Year-to-date (January through June), steel imports decreased 46 percent from the same period last year, amounting to only 8.6 million tons in 2009. Imported semi-finished products decreased...
CEVA Group, the U.K.-based provider of logistics services, said there have been improvements across all of its markets during the second quarter of 2009, compared with the first quarter, despite the fact overall transaction volumes have remained low. Based on current trends, CEVA currently projects its 2009 second quarter revenue at $1.9 billion dollars a...
Global sales of information technology and communications goods surged suddenly in May and June, the Organization for Economic Cooperation and Development said Wednesday in a report. The sector may have passed a turning point and be on the road to a recovery, the Paris-based group said. In May and June, most countries registered positive month-on-month pr...
Latin American manufacturing production, which plummeted during the first quarter of 2009, will remain weak throughout this year but rebound in 2010, according to a report that analyzes trends in 16 major industries. The Manufacturers Alliance/MAPI "Latin America Manufacturing Outlook" report forecasts that overall manufacturing output in Latin America will...
The European Union approved pre-emptive penalties on its imports of steel pipe from China, accepting an argument from steel producers, including the world's largest, ArcelorMittal, that punitive tariffs are needed to protect them from the threat of underpriced imports from China. The case involves one of the most important finished steel products: seamle...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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