Gulf Coast ports slam US tariffs on Chinese container cranes
Looming tariffs on Chinese-manufactured container cranes will significantly increase prices and could impact future projects at ports across the Gulf Coast, according to port officials.
In July, Port Houston approved the purchase of eight electric ship-to-shore container cranes for more than $113 million, the largest order in the port’s history.
The cranes are being manufactured by Zhenhua Heavy Industries Co. (ZPMC); a China-based, state-owned company and the world’s largest manufacturer of container cranes, accounting for over 70% of the world market…