China's imports grew at their fastest pace in 10 years in May, fueled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country's major southern ports.While a brisk recovery in developed markets has bolstered demand for Chinese products, a global semiconductor shortage, higher raw material and freight costs
Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020 decision from the UK High Court that allowed the buyer of an offshore drillship – Reignwood International – to withhold a final payment installment that
U.S. Coast Guard rescued 15 mariners aboard the disabled 72-foot sailing vessel Lucky, 26-miles east of Makapu’u Point, Oahu, Hawaii, Saturday.The Lucky was adrift due to a disabled rudder and crews aboard the Coast Guard Cutter Oliver Berry (WPC 1124) and a Station Honolulu 45-foot Response Boat-Medium towed the vessel to Honolulu Harbor.
The U.S. Senate on Wednesday voted unanimously to confirm veteran government trade lawyer Katherine Tai as the first woman of color to serve as U.S. Trade Representative, putting her to work enforcing trade deals, confronting China’s trade practices and patching up ties with U.S. allies.