Is China's steel surge sustainable ?
A note from Clarkson Research Services written by Dr Martin Stopford has highlighted the astonishing recent surge in imports into China, without which the fast-growing dry bulk fleet would probably be in the same dire financial straits as the tanker ...
China ore imports, steel output soar
China’s stimulus plan is pushing the metals market to new highs, with the nation producing more steel and importing more iron ore than ever before in July. Also steel exports rose 26.5% last month, suggesting other economies are picking up too....
Chinese to use 13m tons of steel
China's shipbuilding industry's demand for steel is estimated to reach 13 million tons in 2009, based on the estimation that the industry's output may exceed 40 million dead weight tons in the year, up 13 percent over 2008. The total steel consump...
Japan equipment makers in the crisis
Japanese marine equipment industry is facing crisis as smaller companies have been hit hard by the economic downturn. An industry source said, “Order intakes plunged to 30%-50% level against boom period and small shipbuilding equipment makers ar...
Baosteel ups Sept steel prices by 15%
China's Baoshan Iron and Steel (Baosteel) has raised September prices for its major products by as much as 15% versus the August tags, higher than market expectations, industry consultancy Mysteel said on Tuesday. Baosteel, the listed unit of Chin...
Shipbuilding the largest steel consumer
The South Korean shipbuilding industry, which has enjoyed the heyday helped by climbing shipbuilding orders during the past couple of years, finally emerged as the largest steel demander in the country for last year by displacing the auto industry. ...
Hindustan Shipyard workers death
Two contract workers have drowned while painting a ship at India’s Hindustan Shipyard Limited (HSL). They were part of a group of four who slipped and fell into the sea on Thursday at the Visakhapatnam yard, local police said. The other two work...
STX develops new low-vibration propeller
STX Offshore & Shipbuilding of South Korea said on August 10th that it has successfully delivered two 181,000-dwt bulk carriers on which STX O&S-developed low-vibration propellers (Wide Chord Tip) are installed. Generally, large ships have high vi...
DNV introduces new PSC tool kit
DNV has developed a Port State Control (PSC) tool kit in an effort to assist shipowners in preparation for port state control inspections and help reduce the risk for detentions in more efficient way. PSC guide and checklists in the new tool kit a...
Japan yards retreat on steel prices
Japanese shipbuilders are close to submitting to steel plate prices demanded by domestic steel suppliers. Negotiations for annual steel plate contracts began at the beginning of May and have lingered on during the summer as shipbuilders demanded ...
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