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 ...
Mitsui to market low emission vessels
Japan’s Mitsui Engineering & Shipbuilding is aiming to capitalise on the eventual upturn in demand for newbuildings by introducing vessels that emit 30% less in CO2 emissions than vessels currently deployed. MES spokesperson Inui Masatosai said tha...
Ship prices fall despite steel costs
Analysts believe the price of Chinese newbuildings will continue to decline in the second half of this year, despite a 33% surge in the country’s steel price between April and June. The China Iron and Steel Association earlier reported that the ...
Vale sees dry bulk market to recover
Brazilian miner Vale said global industrial production is on the rise with China at the forefront, driving increases in coal and iron ore shipments while unveiling a vastly-decreased second-quarter results. “Spot iron ore prices have risen stron...
The world’s largest crankshaft produced
South Korea’s marine engine component manufacturer STX Enpaco, a subsidiary of STX Corporation, has built the world’s largest crankshaft. The company said Thursday that it has produced an ultra large crankshaft to be installed in a diesel engi...
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