China tariffs impact development

Cranes at Port of Virginia Four Chinese-made gantry cranes are due to be delivered to the Port of Virginia next year. Credit: Virginia Port Authority
Industry Database

The Port of Virginia has said the US Government’s proposed tariff on Chinese-made gantry cranes could increase costs for a planned terminal expansion.

Port CEO John Reinhart said in a statement that a 10 to 25% tariff proposed by the Trump Administration could make its development plans more expensive, according to The Republic.

Four large US$40m gantry cranes that will help load and unload shipping containers were ordered by the port last year and are due to be delivered from China next year.

A 25% tariff could mean a US$10m cost increase with the effect of delaying the project’s completion.

Reinhart shared the information last week with the Office of the United States Trade Representative (USTR). The office is in the midst of holding public hearings for proposed tariffs on about US$200bn worth of Chinese products.

The American Association of Port Authorities (AAPA) is set to request USTR to consider that the multi-million-dollar container cranes that US ports have on order and are considering purchasing from Chinese factories, in which there are no American-made alternatives, be exempt from proposed tariffs.

LATEST PRESS RELEASES

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

INTERNATIONAL EXPERTS WILL BE PART OF A HEATED DEBATE DURING THE AAPA CONVENTION IN VALPARAISO

Renowned international experts will take part in the debates scheduled for the 107th Convention of t... Read more

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam Read more

View all