The Commerce Department has determined that several Indian manufacturers of welded stainless pressure pipe are dumping their product on the U.S. market.
The U.S. International Trade Commission concluded that proposed modifications to the U.S.-Chile Free Trade Agreement's rules of origin involving certain yarn-based fabrics will have minimal effect on U.S. industry and trade.
The U.S. Export-Import Bank and the Eastern and Southern Africa Trade and Development Bank signed a memorandum of understanding to expand trade opportunities between the United States and sub-Saharan Africa.
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Following Hanjin Shipping filing for receivership, Hyundai Merchant Marine will start up two new services, one between Korea and the U.S. and one between Korea and Europe.
A bankruptcy court in Newark, N.J. will hear requests for modifications as Hanjin Shipping’s biggest shareholder, Korean Air Lines, has postponed a decision to provide cash to the carrier.
Electronics manufacturer Samsung said in court filings that "cargo owners are being held hostage," while Maher Terminals said it "is not required to extend free credit to Hanjin, and should not be forced to."