FreightWaves Classics: America’s commercial shipbuilding industry is nearly gone Maersk ships arriving in Los Angeles (Photo: APM Terminals)
The history of the American shipbuilding industry goes back to before the Revolutionary War. The United States is blessed with three extensive coastlines, as well as numerous ports and harbors that have been the sites of shipbuilding companies for more than 250 years.
Although it is no longer true, at one time in the not too distant past the U.S. commercial shipbuilding industry led the world in quality and output.
This article will focus on the U.S. merchant shipbuilding industry in the 20th century.
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The United States continues to tighten controls on the People’s Republic of China. In this article we address three regulatory changes that highlight the need for enhanced due diligence when dealing with China: 1) restrictions on recent additions to the Entity List; 2) controls on military end-uses and military end-users; and 3) elimination of Hong Kong as a separate destination under the Export Administration Regulations (EAR).
Entity List
On December 22, 2020, the Bureau of Industry and Security (BIS) added 59 Chinese entities to the Entity List, thereby expanding the licensing requirements on export transactions with these entities. See Notice at 85 Fed. Reg. 83416. The additions to the Entity List are the result of the collective determination by the Departments of Commerce, State, Defense, Energy, and where appropriate, the Treasury (collectively, the “End-User Review Committee”) that these entities are engagi
HomeGreen marine Yangzijiang Shipbuilding scores 24,000 TEU boxship deal as Chinese builders seal 6 orders for world’s largest ULCVs
Yangzijiang Shipbuilding scores 24,000 TEU boxship deal as Chinese builders seal 6 orders for world’s largest ULCVs December 30, 2020, by Jasmina Ovcina
Chinese shipbuilder Yangzijiang Shipbuilding Group has won a contract to build two 24,000 TEU ultra large containerships, the world’s largest boxships and the largest containerships to be built by the yard.
The ships, being built for an unnamed owner, will feature optimized hull designs, high-efficiency propellers and energy-saving technology. They will meet the EEDI Phase III requirements.
The ships will be fitted with hybrid scrubbers and will run on traditional fuels.
US maximizes sanctions pressure on China with Entity Listing of 59 Chinese entities lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
items that are located in the US, even temporarily; and
non-US-origin items that contain more than a de minimis level of controlled US-origin content (for non-embargoed countries, this is 25% US origin content by value).
The ban applies only to the named affiliates and does not extend automatically to subsidiaries of listed entities. At the same time, transfer of goods, software or technologies to affiliates of named entities risk violating the sanctions if there is reason to know that a named entity could receive or have access to the items.
Parties desiring to export prohibited items to entities on the Entity List may apply to BIS for a license.