b'20American Journal of Transportation ajot.com(DISPUTEcontinued fromparts as well. thatbothsidessuspendall(TIDEcontinued frombig boom for dry cargo freight page 10) dutiesandretaliatorymea- page 18) whentheBDItopped11,793 andeventuallyremovethec ounteRingc hinA sures for six months to giveButtherecentrisein(see Super Cycle page 13).bilateral irritants, the officialsIn a hearing before a Senatetimeforanegotiatedsettle- MPPfortunesdoesntcomeWhile2007wasaneco-said. Appropriationssubcommit- ment.Duringtheircallonwithout some caution. nomic outlier for the entire dry TheEuropeansarenottee, she said the dispute is notApril22,DombrovskisandLondon-basedDrewry,abulk sector, the long term key happy, Raimondo said recentlya transatlantic one but insteadRaimondo agreed to work onshipping consultancy company,to MPP profits remains hitched onTheDavidRubensteinevolvesaroundtheproblempossiblesolutions,includingin their recently released Mul- to finding freight that fits the Show:Peer-to-PeerCon- of Chinese overcapacity andon the issue of steel overca- tipurposeShippingAnnualships service niche. Probably, versationsonBloomberghow to address it together. pacity, the spokesperson said. Review&Forecast,whilethemostbuoyantopportunity Television.IvehadmanyWhatImhopingisTrump imposed the 25%noting,InMarchone-yearnear-term is in the vast poten-discussionswithmycoun- thattheyseethatproblem,steel tariff, along with a 10%time charter rates for multipur- tial of North American offshore terparts in the EU. They areand they see it to be as seri- dutyonaluminumimports,pose(MPV)tonnage,incor- windespecially in the North-our alliesEurope of courseous a challenge to our abilityinMarch2018usingsec- poratingbothbreakbulkandeast. With multi-million dollar isnotathreattoAmericantoproduceandcompeteintion 232 of the Trade Expan- heavylift ships, reached theirprojectsalreadyinkedMPPs national security. steel-making as we see it, andsion Act to justify the move.highestlevelinalmostsixwill be needed to move massive that working together we willSomecountries,includingyears.ButDrewrysSenioramounts of project equipment. W Aiting foRW Ashington be able to resolve these setsBrazilandSouthKorea,AnalystforMultipurpose&And it isnt just in the U.S. as According to the peopleof tariffs, Tai said. We willnegotiated deals to avoid theBreakbulkShippingSusanwindpowerprojectsoffshore familiarwithRaimondosbe working together to get attariff,andTrumpdroppedOatway proffered the caveat,andonshorearepickingup callwithDombrovskis,hemoreeffectivesolutionstothedutyforimportsfromTherecentrallyinmulti- withincreasingfrequencyas stressed that European com- the problems that we have. Canada and Mexico. But thepurpose earnings represents agovernments address environ-panieshavebeensufferingHard-hitbytheretalia- tariffs still apply for much ofclimb out of one of the longestmental concerns. fromtheU.S.tariffs,andittorytariffs,U.S.whiskeyworld. recessions in recent history inSo,cantheMPPscon-wouldnt be possible to dialmakers for months have beenAsked whether she expectedthis cyclical market.tinuetotrackupward,say them back unilaterally or haltlobbying for the dispute to bemovementonthesteelandOatway was noting that theeven after the containerships the EU increase in June with- resolved and the duties to bealuminumtariffsbyBidensMPP sector despite this rallyratesfallandfreightpoach-out a U.S. concession. removed. visit to Europe this summer,earningsremainlowbyhis- ing begins in earnest? A Commerce DepartmentAspokespersonfortheRaimondosaidIexpecttorical standards, off 40% fromAt the moment, it would spokesperson didnt respondEuropeanCommissionreit- robustdiscussionbetweentheirall-timepeakof2007,appearthattheanswermay to a request for comment. erated that the EU proposednow and then. which occurred during the lastwell be blowing in the wind.EU officials say the bloc would only be able to with-hold the upcoming tariff hike ifthetwosidesreachedanLIBERTY GLOBAL LOGISTICSllcagreementtotakemutual actionsuchastemporarily suspending duties until a final deal is foundsimilar to the existingceasefireinasepa-rate transatlantic dispute over illegal aid to aircraft makers Boeing Co. and Airbus SE.While the EU is eager to bringthisdisputetoanend andavoidafurtherescala-tion, officials in Brussels say theyarewaitingforaU.S. offer and whether that would beenoughtopreventthe levies increase.U.S.officials,however, see it as highly unlikely that theBidenteamcouldmake aconcessionbeforeJune 1andthatfindingasolu-tiontoremovingtheduties altogetherwilltakeawhile longer.TheBidenadministra-tion, in its conversations with Europeancounterparts,hasLGL is the SOLUTION stressedthattheproblemis asharedoneandthatthey need to work together to getto your complicated cargo needs!attherootcauseofglobal overcapacity,largelycaused by China.Chinas oversupply and flooding their market and our market with cheap steel that isanationalthreatandwe needtoworkwithEurope to prevent China from doing that,Raimondosaidinthe interview.If the EU chooses to go ahead with the tariff increase inJuneevenastheU.S.is engaged on a long-term solu-tion,someofficialsbelieve itcouldsendatroubling signal to the world ahead of aplannedEU-U.S.summit in Brussels that President Joe Biden is set to attend.ApartfromRaimondo, U.S.TradeRepresentative516-488-8800 www.LibertyGL.com Rate Quotes: [email protected]: LGLCustomerservice@libertymar.comwithherEuropeancounter-LGLCustomerservice@libertymar.com'