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YZJ Shipbldg SGD
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The Only Shipbuilding Blue Chip in SGX!
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Login20
Master |
22-Mar-2025 12:15
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Monday will be hearing day for decision on US Shipping Tariff on China Built ship, nothing is certain for positive or negative decision making. Next week to 2 April will have few events days. https://www.businesstimes.com.sg/international/global/proposed-us-port-fees-china-built-ships-begin-choking-coal-agriculture-exports |
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dontbetray
Master |
22-Mar-2025 11:21
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x 3 Alert Admin |
Ya it hit and Zhao kopi lui
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BinderyT
Elite |
22-Mar-2025 10:59
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Next week is going to be very volatile as we approach 2 April. Advise against swing trading. Take profit if you can, may also be a buying opportunity. Good luck. |
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dontbetray
Master |
22-Mar-2025 10:52
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The proposal to levy penalties, such as tariffs or port fees on Chinese-built vessels, was put forward by U.S. unions, including the United Steelworkers. These unions requested the investigation under Section 301 of the Trade Act of 1974, which allows the U.S. to take action against unfair trade practices. While the investigation and findings came from the U.S. Trade Representative (USTR), the idea of imposing penalties was driven by the concerns of these labor organizations. | ||||
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dontbetray
Master |
22-Mar-2025 10:48
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Exclusive: US probe finds China unfairly dominates shipbuilding, paving way for penalties, sources say
Andrea Shalal January 14, 20251:38 PM GMT+8Updated 2 months ago Men are seen working on a China Ocean Shipping Company (COSCO) vessel under construction at a shipyard in Weihai, Shandong WASHINGTON, Jan 13 (Reuters) - U.S. President Joe Biden's administration has concluded China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters. U.S. Trade Representative (USTR) Katherine Tai launched the probe in April 2024 at the request of the United Steelworkers and four other U.S. unions under Section 301 of the Trade Act of 1974, which allows the U.S. to penalize foreign countries that engage in acts that are "unjustifiable" or "unreasonable," or burden U.S. commerce. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Investigators concluded that China targeted the shipbuilding and maritime industry for dominance, using financial support, barriers for foreign firms, forced technology transfer and intellectual property theft and procurement policies to give its shipbuilding and maritime industry an advantage, said one of the sources who was not authorized to speak publicly. Beijing also "severely and artificially suppressed China's labor costs in the maritime, shipbuilding and logistics sectors," that person added, citing excerpts of the report. Advertisement · Scroll to continue Advertisement Scroll to continue with content No immediate comment was available from USTR, the White House or the transition team of President-elect Donald Trump. The probe cites data showing that China's share of the $150 billion global shipbuilding industry has expanded to over 50% in 2023 from around 5% in 2000, largely aided by government subsidies, while once dominant U.S. shipbuilders have seen their share dwindle below 1%. South Korea and Japan are the next biggest shipbuilders. Advertisement · Scroll to continue The report provides a fresh cudgel for the incoming administration to hammer China, and could pave the way for tariffs or port fees on Chinese-built vessels, as proposed by the unions. Such a move would likely come after a public comment period, they said. "The development of relevant industries in China is the result of technological innovation and active market competition of enterprises, thanks to its complete industrial manufacturing system and huge domestic market," said Liu Pengyu, spokesperson for the Chinese embassy in Washington. Advertisement · Scroll to continue "The U.S. blames China for its own problems, which lacks factual basis and goes against economic common sense." Trump used the same Section 301 statute to impose tariffs on hundreds of billions of dollars of Chinese imports during his first term after a USTR investigation found China was misappropriating U.S. intellectual property and coercing the transfer of U.S. technology to Chinese firms. USTR will release its findings later this week, days before Biden, a Democrat, leaves office on Jan. 20, said the sources. "China will closely follow the progress of the investigation and ask the U.S. to stop 'generalizing security' of economic and trade issues, cancel the tariff increase measures against China, and stop imposing new tariffs," Liu said. "China will take all necessary measures to resolutely defend its rights and interests." The U.S. and other Western powers have sharply criticized China's aggressive industrial policies and over-production of commodities like steel, reflecting a rare bipartisan agreement about the need to fix U.S. shipbuilding. China denies any wrongdoing. The report follows four years of efforts by the Biden administration to reduce China's dominance by continuing Trump-era tariffs, adding new ones, including on electric vehicles, and imposing a range of export controls. Tai's office last month announced a last-minute trade investigation into older Chinese-made "legacy" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. Experts agree that rebuilding the once vibrant U.S. maritime industry will take decades and investments of tens of billions of dollars. Tariffs alone will not suffice, they said. "China's targeting of the maritime, logistics and shipbuilding sectors for dominance is the greatest barrier to the revitalization of U.S. industries in these sectors," the report concludes, according to an excerpt shared with Reuters. Scott Paul, president of the Alliance for American Manufacturing, a nonprofit labor-business partnership, said he understood that the findings were compelling. "My understanding is that ... a process will be laid out to try to stop the erosion of our shipbuilding industrial base and to start it growing again," he said, cautioning, "This is not going to be a quick fix." Trump, who has said he will increase tariffs on Chinese goods to 60%, last week blasted its moves to dominate commercial and military shipbuilding, telling radio host Hugh Hewitt that the U.S. had "suffered tremendously" and needed to shift course. He also suggested that the U.S. might have to turn to allies to build needed naval vessels for the U.S. military. Trump's incoming national security adviser Mike Waltz has also been deeply engaged on the issue, drafting a bipartisan bill with Democratic Senator Mark Kelly to revitalize the U.S. shipbuilding industry before he resigned from Congress. "We're way too dependent on China in particular. We do not have surge capacity. We have very little shipbuilding capacity, and for a superpower that's completely unacceptable," Paul said. The U.S. has just 20 public and private shipyards, down from over 300 American shipyards in the early 1980s. Experts say demand is strong and growing for civilian and military vessels. |
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Login20
Master |
22-Mar-2025 10:22
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ICS leader says US could face a decline in available tonnage under proposed measures
21 March 2025 18:57 GMT Updated 21 March 2025 18:57 GMT
in Miami
Shipping industry groups have delivered this message to the Trump Administration: expensive fees on Chinese-linked ships will hurt the US and will not achieve their goal of helping American shipbuilders.
The string of letters from national and international industry groups was filed on a government docket ahead of a hearing scheduled for Monday to discuss plans of imposing fees on port calls by vessels built in China or operated by Chinese companies.
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Login20
Master |
22-Mar-2025 10:21
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https://www.tradewindsnews.com/regulation/shipping-groups-tell-trump-officials-fees-on-chinese-ships-will-hurt-us/2-1-1796247 | ||||
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joehoe
Member |
22-Mar-2025 09:34
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U.S. President Donald Trump' s push to rebuild U.S. shipbuilding is finding rare bipartisan support from Americans, with 72% saying the U.S. cannot remain dependent on China and other foreign producers to build ships, a poll released Friday showed. The survey of 2,204 adults, conducted by Morning Consult for the Alliance for American Manufacturing (AAM) on March 10-12, showed strong concern about China' s grip on the $150 billion global ocean shipping industry, and the negative national security implications for the United States. Only 11% said the U.S. could rely on China and other countries to build ships for U.S. commercial and military needs. " This is one of those rare moments where there' s a strong bipartisan thread here of wanting to move forward," AAM President Scott Paul said. " And there' s pretty good support on Capitol Hill for being aggressive on shipbuilding as well." AAM, a policy group led by the United Steelworkers union and domestic manufacturers, released the poll ahead of a hearing to be held on Monday by the Office of the U.S. Trade Representative on proposed remedies, including charging up to $1.5 million for Chinese-built vessels entering U.S. ports. The Trump administration announced the proposed remedies, which also call for at least 1% of U.S. exports to be shipped on U.S.-flagged vessels, a month after the Biden administration concluded in a fast-track investigation that China unfairly dominates the global maritime, logistics and shipbuilding sectors, paving the way for penalties. That probe was launched in April 2024 at the request of the United Steelworkers and four other unions, and conducted under Section 301 of the Trade Act of 1974, as a way to rebuild an industry that has been in deep decline since the 1970s, when Japan and South Korea dominated shipbuilding. The China Shipowners' Association opposes the U.S. proposal to impose hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws. But public support for the measures is strong, Paul said. The poll showed that 68% of Americans agreed that the United States' ability to build ships for both commercial and military needs is a matter of national security and 71% want the U.S. government to invest in the U.S. shipbuilding industry. Seventy percent agreed that using Chinese-built floating docks to repair, maintain and retrofit U.S. military vessels threatens U.S. national security, the poll indicated. Nearly half of those polled (49%) backed implementation of a docking fee on Chinese vessels to encourage U.S. shipbuilding, and 56% favored requiring a percentage of U.S. exports to be transported on U.S.-built vessels with U.S. crews. Trump first announced his plans during an address to Congress in early March. He is expected to sign an executive order in coming weeks building on the USTR recommendations and would impose fees on imports arriving on Chinese-made ships, while offering tax credits to resuscitate domestic shipbuilding. |
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dontbetray
Master |
21-Mar-2025 18:36
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Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale
By Shirley Zhao / Bloomberg
21 Mar 2025, 04:44 pm
 (March 21): A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal. The transaction will damage China&rsquo s national security and development interests, which directly violates Hong Kong&rsquo s laws on safeguarding national sovereignty, security and development interests, the Ta Kung Pao paper said in a commentary Friday. The article didn&rsquo t identify CK Hutchison as the Hong Kong company in question but did name BlackRock as the buyer. CK Hutchison is expected to sign an agreement on the sale of its two Panama ports by April 2. It&rsquo s the key part of a wider deal to offload 43 facilities outside of Hong Kong and mainland China for more than US$19 billion (RM83.9 billion) in cash proceeds. US President Donald Trump has hailed the sale as winning back control of the waterway from Chinese influence. &ldquo Stop the transaction and do not make the wrong calculation,&rdquo the paper said in the article. &ldquo Those who repeatedly emphasise that this deal is a &lsquo legal transaction&rsquo under the freedom of contract are too naive and confused.&rdquo The paper has blasted CK Hutchison for &ldquo spineless groveling&rdquo to Trump and &ldquo selling out all Chinese people&rdquo in previous commentaries, which were reposted by China&rsquo s top office on Hong Kong affairs, signaling the criticism reflects the government&rsquo s view. Following the move, several prominent politicians, including the city&rsquo s leader John Lee, have also weighed in with veiled criticism. The latest article hasn&rsquo t been reposted by any Chinese agencies yet. The growing calls on Li to reconsider the port sale highlight the political risks for companies based in Greater China amid rising trade tensions between the world&rsquo s two most powerful economies. So far, Chinese officials haven&rsquo t explicitly given the 96-year-old Li and his firm any demands or instructions. But if Beijing does decide to take a tougher approach, it could raise concerns that sweeping national security laws imposed on Hong Kong since 2020 might ensnare businesses&rsquo assets and operations. While CK Hutchison is based in Hong Kong, it has limited exposure to both the US and China. The conglomerate is registered in the Cayman Islands and accrues only 12% of its revenue from Hong Kong and the mainland, while Europe, Canada and Australia make up the bulk of the rest. CK Hutchison slumped as much as 4.4% in Hong Kong on Friday after the company reported weaker-than-expected profit and warned in its earnings statement of a deteriorating global business environment due to geopolitical and trade tensions. The Panama Canal is &ldquo of great significance to China&rsquo s national interests,&rdquo Ta Kung Pao said in its latest commentary. As the second largest user of the waterway, China&rsquo s foreign trade stability and logistics costs are directly affected by its operation, it said. The sale of the two Panama ports may lead to an increase in the logistics costs of Chinese companies and threaten the long-term development of China&rsquo s manufacturing industry and foreign trade, it said. The transaction is a &ldquo concrete manifestation&rdquo of US attempts to put pressure on China&rsquo s supply chain by controlling key ports, it added. &ldquo It is not an exaggeration to say that the transaction will cause endless troubles to China&rsquo s economy and national interests after it is completed,&rdquo the paper said. Several Chinese state agencies have started looking into the deal for any potential national security or antitrust violations, Bloomberg reported earlier this week. |
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ssw518
Supreme |
21-Mar-2025 17:30
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Yes, it will not be credited to CDP. This best for small fry like me, per trade normally within 10k, when trade penny stock lagi cheap, example when i buy RH when she was 0.15x 20 lots, fee about 8 dollars if not wrong, and 1 bid is 20 dollars. if i use poems, fees is 25 dollars + exchange fee + gst, need to buy more than 9k sgd if i wanna stretch my dollar with the fee, but then I still need 2 bid to break even which is harder. it' s really a person decision and find which is the best brokage that best suit for own trading pattern just my view
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huattuatua
Elite |
21-Mar-2025 17:06
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hahaha closed at 247, all shortists ganna jialat jialat next week roast shortists 1 more round ok, can smell 260 le |
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TraderBen
Supreme |
21-Mar-2025 17:03
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Those without physical brokers one will definitely be much cheaper. But do take not that those shares traded in moomoo and tiger won?t be credited to CDP it will be in their own server
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halleluyah
Supreme |
21-Mar-2025 17:00
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wow vry cheap to trade...mine if using cash advance is brokerage 0.18% (min $18) lagi plus simi sai n simi sai n lagi gst.. another acc brokerage 0.275%(min $25) lagi plus plus plus....
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ssw518
Supreme |
21-Mar-2025 16:56
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nice
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ssw518
Supreme |
21-Mar-2025 16:54
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I small fry la, capital 20k-30k sgd. most of my trade is about 10 dollars fee in / out. only bought 9 lots which i book 5 lots at lunch opening trade. Cannot anyhow risk retirement money. Sometimes big account = big exposure, especially if uncontrolled. I am thankful to Bro Wave introducing Tiger to me, which i switch from POEMS (all in fee 3x tiger), win rate went up 2x, return more than 3x since then. suggest those investing with cash use lower fee platform, a big diff
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TraderBen
Supreme |
21-Mar-2025 16:47
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Ok I sold mine . mL bought from me at 246 | ||||
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leroy55
Veteran |
21-Mar-2025 16:41
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the price movement is more for rebound, Got kopi money take n run
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leroy55
Veteran |
21-Mar-2025 15:49
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in the hindsight , you are not wrong.
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BinderyT
Elite |
21-Mar-2025 15:28
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Yes, default is to use their custodian services. If you are day trading/scalping SG/HK stocks, the flat rate is useful. But no option or CFD trading.
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Cadence88
Veteran |
21-Mar-2025 15:20
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Custodian account isit
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