rss icon Subscribe
desktop mobile

China Busts Gangs Smuggling Scrap Steel

©Jean-Bernard Nadeau / Adobe Stock

Customs in China's southeastern Fujian province broke up five gangs smuggling scrap steel in a late-night operation on Monday, the official Xinhua news agency reported.

A total of 28 criminal suspects were held in Xiamen, Quanzhou and other cities in the coordinated operation, in which 3,237 tonnes of scrap steel was seized.

The gangs had been buying the scrap in China, the world's biggest steel producer, since 2017 and sending it to Southeast Asian countries, Xinhua said.

Amount of scrap smuggled was put at around 50,000 tonnes, worth some 78 million yuan ($12.2 million), as gangs sought to cash in on higher international scrap prices.

Ports used by the gangs included Xiamen, Shenzhen in Guangdong and Hangzhou in Zhejiang.

Shipments of Chinese scrap steel overseas surged last year despite a 40 percent tariff on exports.

China has also been tightening controls over imports of scrap material as part of a crackdown on foreign solid waste.


($1 = 6.4027 Chinese yuan renminbi)

(Reporting by Tom Daly; editing by David Evans)

Jun 5, 2018

 

Bulk Carriers

Koch Shipping Signs Charter Deal for Diana's Bulker m/v Philadelphia

m/v Philadelphia. Photo: Diana Shipping Inc.

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a

Cargill Aims to Cut Ship Emissions 15% by 2020

© Lidian Neeleman / Adobe Stock

Cargill Inc aims to cut carbon emissions from its international shipping unit by as much as 15

Australia's Port Kembla Reopens after Bulker Fire

(Photo courtesy Photo: Fire and Rescue NSW)

A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla

Government Update

Italy to Impound German Charity's Migrant Rescue Ship

© Axel Steier / MarineTraffic.com

Italy appeared to relent on Thursday after at first refusing to accept 226 migrants on board a

Libya Oil Output Slashed by Port Attacks

On Monday the National Oil Corporation confirmed the loss of storage tanks 2 and 12 at the Ras Lanuf port terminal (Photo: NOC)

Libya has lost some 400,000 barrels per day (bpd) of oil production in recent days because of

What Can Beijing Do if China-US Trade Row Worsens?

© Dmitry V. Petrenko / Adobe Stock

China and the United States sank into a deepening trade conflict that roiled financial markets

Maritime Apps