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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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Tob231
Elite |
27-Mar-2025 10:55
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" You' re penalizing the wrong folks," Kathy Metcalf, president of the Chamber of Shipping of America, told a public hearing on Monday of the moves suggested by the Office of the U.S. Trade Representative. The pain of the proposed port fees will be felt by American companies and consumers, not the Chinese shipbuilders who sold the vessel years ago, she suggested. Others underlined the urgency of the issue. Scott Paul, president of the Alliance for American Manufacturing, noted: " China' s shipyards secured a staggering 71% of global orders in 2024. In 2023, the United States produced fewer than 10 oceanic commercial vessels, while China produced well over 1,000" That' s what most analysts are saying ..... BUT .... maybe looking at the different place. Fed Jerome Powell said " transitory" ... positive shift 200,000 new jobs and trillions of foreign investment. Time to accumulate and be happy ... dyodd |
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dontbetray
Master |
27-Mar-2025 00:21
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Bill Clinton , Democrat support Donald Trump China&rsquo s trade surplus too big to accept, ex-top US official says
 (March 26): China is running a trade surplus that the world economy can&rsquo t &ldquo live with,&rdquo former US president Bill Clinton&rsquo s top trade official said, warning its exports would face new roadblocks without fixing the domestic causes fuelling the imbalances. &ldquo China is exploiting manufacturing, suppressing domestic consumption, and expects that the world can live with a trillion dollar Chinese trade surplus, which most certainly the world cannot,&rdquo Charlene Barshefsky said in an interview with Bloomberg Television in Hong Kong. Barshefsky, who negotiated the terms of China&rsquo s accession to the World Trade Organization more than two decades ago, said that agreement was &ldquo absolutely not&rdquo a mistake, helping lift hundreds of millions out of poverty and turning the country into a major driver of worldwide demand during the 2008 global financial crisis. Win big at Matrix Concepts' Electrifying Raya Bonanza and get closer to your dream home
Owning a house is more than merely having a roof over your head. It is about laying the foundation for a future and creating sweet memories in a space called home. But China&rsquo s convergence toward &ldquo market-based norms&rdquo has reversed course as domestic reforms stalled, she said. It leaned increasingly on investment in manufacturing to drive growth and began to flood the market with exports, according to Barshefsky, who served as US trade representative from 1997 to 2001.  It&rsquo s &ldquo not what the world needs &mdash we don&rsquo t have a supply problem in the world, we have a demand problem,&rdquo she said. &ldquo China has reverted to a highly static economy.&rdquo Barshefsky echoed a chorus of senior US officials from Treasury Secretary Scott Bessent to his predecessor Janet Yellen, who have long urged China to rebalance its economy in favor of consumption. Beijing has signaled it&rsquo s finally ready to make that shift, as Donald Trump&rsquo s tariffs create additional urgency to boost domestic demand. But so far, the actual policies rolled out to encourage spending remain limited. Deeper reforms to the tax system and public services that many economists have advocated will be difficult to achieve due to a fall in budget income and resistance from provinces that benefit from the current setup. Exports meanwhile contributed to nearly a third of China&rsquo s economic expansion in 2024, when the country&rsquo s trade surplus soared to a record US$992 billion (RM4.4 trillion). The outlook for overseas shipments is far less upbeat this year after Trump imposed additional 20% tariffs on Chinese goods over the past two months. Even so, their impact will likely take longer to materialise as exporters rushed to frontload orders, leading sales abroad to increase 2.3% in January-February from a year ago. The efforts to block China&rsquo s exports around the world will only intensify if the country neglects &ldquo structural problems&rdquo at home, including by reforming its social safety net, according to Barshefsky. Potentially an even more potent solution to trade imbalances lies in the US, she said. Barshefsky urged the government there to bring down its fiscal deficit and work with allies to reorient supply chains and bring manufacturing back. Authorities also need to take better care of people left unemployed after an exodus of jobs abroad and advances in technology, she said. Officials across the Democratic and Republican parties need to reach a long-term understanding on how to retain US competitiveness, and implement more consistent policies in areas like fiscal policy and incentives for manufacturing, according to Barshefsky. &ldquo More important than China in solving trade imbalances is the United States,&rdquo she said |
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dontbetray
Master |
26-Mar-2025 18:08
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Forecast for boxship freight rates draws mixed views from industry watchersMeanwhile, containership capacity is projected to rise by 6% a year, or 10-15% should the Red Sea become safe for sailing through [SINGAPORE] Would boxship freight rates, which have dipped more than 40 per cent year to date, rebound or extend their declines? Industry watchers are divided on the direction, with some expecting the cost of shipping containers to rise as early as May &ndash provided that the Red Sea remains unsafe for voyages. Pelaris Cheng, managing director of Singapore-based freight forwarder Hermes Logistics, told The Business Times that she has been able to enjoy 40 to 50 per cent lower rates this year for shipments to Europe and South America. This is because the demand from China &ndash which competes for container space &ndash has eased, even after the Chinese New Year holiday break. She heard that China is shipping less because of US tariffs, but freight rates to the Middle East have ticked up as Chinese companies increase their shipments ahead of Ramadan. Basically uncertainty stil prevail |
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AhTan888
Senior |
26-Mar-2025 16:06
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Hopefully they will lower the amt of fees or implement something not so harsh. Chances of removing all the recommendations very low or else they no face. Moving forward u never know what other pattern crazy trump will come out with.
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behonest
Senior |
26-Mar-2025 14:24
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finger cross
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dontbetray
Master |
26-Mar-2025 09:27
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Let see what levy port decision. Headache
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Joelton
Supreme |
25-Mar-2025 13:54
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Yangzijiang Shipbuilding completes acquisition of 34% equity stake in Tsuneishi Group&rsquo s shipbuilding unit
Yangzijiang Shipbuilding has completed the capital injection for a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding (TZS), making the company a 34% owned associate.
Prior to the acquisition, TZS was a wholly owned subsidiary of Tsuneishi Holdings.
The acquisition was first announced on Sept 12, 2024, for a purchase consideration of RMB833.1 million ($153.62 million), based on a willing-seller, willing-buyer agreement.
The purchase was set to be wholly satisfied in cash and to be funded from the group&rsquo s internal resources.
Yangzijiang&rsquo s chairman and CEO Ren Letian said that this acquisition will bring together the two company&rsquo s strengths in research and development, shipbuilding and supply chains.
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leroy55
Veteran |
25-Mar-2025 12:21
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We only advise dragon girl the naked truth of life. We never accused her misleading concealing the real truth. In fact we liked her presence she can just laugh us sarcastically for what we say 
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BinderyT
Elite |
25-Mar-2025 12:14
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" A coalition of nearly 300 business groups wants the Trump administration to drop a proposal to subsidize domestic shipbuilding by charging a fee of up to $1.5 million on Chinese-made ships that visit U.S. ports." It' s going to be a coin-toss as Trump might still proceed despite resistance from his own business communities. So keep fingers crossed. https://www.politico.com/newsletters/weekly-trade/2025/03/24/ustr-urged-to-reject-port-fee-on-chinese-made-ships-00244395 |
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behonest
Senior |
25-Mar-2025 11:56
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we attack animal and winner for chosing concealing the real truth all these while, you dont want to stand up? but this dragon girl for not doing any wrong, u stand up? double standard
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huattuatua
Elite |
25-Mar-2025 11:52
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always enjoy ur witty rebuttals, hahahahah
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behonest
Senior |
25-Mar-2025 11:29
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dragon girl, 你 感 动 了 吗 ?
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BinderyT
Elite |
25-Mar-2025 11:03
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Ok, Dumb and Dumber. First, stop acting like a bully when a girl call you out for being a moron contradicting yourself. Second, stop kissing each other' s ass because its disgusting. Third, we all welcome opinions but regurgitating on old news over and over again is boring. Last, don' t even try to disguise the fact that neither of you know shit about what is going on by making personal attacks. Also, stop posting screenshots from Moomoo. Most of us have far better sources of data.
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behonest
Senior |
25-Mar-2025 10:54
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ya ,waiting for you to answer about damsel part? ti ko pek 
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leroy55
Veteran |
25-Mar-2025 10:40
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waitingfor ur reply on damsel part
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beng1102
Elite |
25-Mar-2025 10:33
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Sold. Safty first! Don' t push too hard and give others a chance to buy.
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BinderyT
Elite |
25-Mar-2025 10:32
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Lol ... congrats! You are a brave man trying to scalp this tsunami that can go either direction :)
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beng1102
Elite |
25-Mar-2025 10:29
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Anyway still safe! Made another round.
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leroy55
Veteran |
25-Mar-2025 09:38
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perhaps u wanna ask the dragon girl for permission first?
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BinderyT
Elite |
25-Mar-2025 09:34
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Another totally irrelevant post. Are you running out of anti-YZJ news? Or do you have a limited vocabulary and don' t know what you are posting?
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