The temporary relaxation of a safeguard mechanism has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, said Waaree Energies Ltd. chairman Hitesh Doshi.
The authorization allows the companies to continue using their China-based chipmaking operations without having to apply for licenses with the U.S. to receive new equipment.
The clause, which aims to create more collaboration between charterers and shipowners to cut carbon emissions, was adopted by BIMCO’s Documentary Committee October 11.
This comes months after Toyota claimed that it would be shifting towards using solid-state batteries after working on the technology for over a decade.
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