Equipment
Hyundai-Baosteel agree Q2 plate price
Chinese steel giant Baosteel Group announced that it has reached agreement with South Korea's Hyundai Heavy Industries (HHI) on a Q2 shipbuilding plate contract price. The final price of the shipbuilding plate contract for the second quarter of 20...
2011-04-01 07:29:01
MIS wins WT install vessel legs
A UAE-based engineering firm Maritime Industrial Services (MIS) has landed a $22.5m contract to build legs for wind turbine installation newbuilding controlled by Beluga Hochtief. MIS says it will fabricate four Friede & Goldman (F&G) legs for th...
2011-03-31 08:18:43
Aker secures subsea EPC order
Aker Solutions wins a Nkr1 billion ($179 million) engineering, procurement and construction (EPC) contract from Statoil for a subsea oil production system on the Fossekall-Dompap project off Norway. The EPC workscope, to be performed by subsidiar...
2011-03-31 07:09:29
Posco raises plate prices
Korea's largest steel supplier, Posco, is going to increase the prices of major steel products such as hot rolled and cold rolled steel and steel plates by KRW 130,000 ($118) - KRW 150,000 per ton as early as later this month. Since other steel major...
2011-03-30 22:07:12
Shipping witnesses oversupply
While the containership sector is expected to see relatively stable market conditions thanks to balanced demand and supply and shipowners' autonomous fleet control, bulker and tanker segments are seen to take more time to meet a recovery in market si...
2011-03-30 09:47:47
Mitsubishi licenses ship boiler in China
Mitsubishi Heavy Industries (MHI) and Jiujiang Haitian Equipment Manufacture (JHT), a state-owned major marine equipment manufacturer in China, have signed an agreement under which MHI will license marine boiler technologies to JHT. Marine boiler...
2011-03-30 08:26:44
Steel on the verge of price advance
Korea's major steel suppliers are carefully reviewing price advance. According to industry sources released yesterday, Posco would increase the prices of various kinds of steel products such as hot rolled steel, cold rolled steel and steel plates...
2011-03-29 23:16:50
Japan resumes steel production
It is witnessed Japan's steel production activities have come back to the previous level of the earthquake and tsunami disaster. According to the World Steel Association (WSA), Nippon Steel has got its three blast furnaces located in the east st...
2011-03-29 10:44:49
Chinese steel picks up
China's ship steel market started to show an upturn last year, making up for 2009's downturn. China's combined production of ship steel for last year came to around 17.75m tons, increasing by 22% compared with 2009, and, in particular, the produc...
2011-03-29 09:49:23
Posco calls on 20% increase from April
The increase in raw material prices seems to turn into a rise in steel prices. The world third largest steel maker, Korea's Posco is likely to carry out a price advance by 15 to 20% from next month. If so, the average price of main products w...
2011-03-28 22:30:17
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