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Tsunami effect on shipping 'significant'
A devastating tsunami in Japan is expected to have a significant impact on the shipping industry. Market watchers believe panamax and supramax bulker owners could benefit during the rebuilding effort. LNG and products tanker companies are also li...
2011-03-15 07:01:55
Some benefits from Japan tsunami?
Seoul-based Korea Investment and Securities cast an analysis today that Korean steel makers would benefit from the recent earthquake that happened in Japan since some Japanese steel producers were hit by the terrible shock. The major predicted be...
2011-03-14 12:07:58
Japanese steel prices up?
Shipbuilding shares are taking a rapid downturn in the wake of the recent terrible shock in Japan. Many are concerned that the prices of steel plates would go up since Japanese steel producers were hit by the latest severe earthquake. For inst...
2011-03-14 09:45:44
Japan tsunami effect on Korean limited
Korea's steel and shipbuilding industry expect the recent terrible shock and tsunami that happened in Japan not to have a considerable influence on market situations right now. Even though Japan's major steel producers, such as JFE Steel and New ...
2011-03-13 22:42:00
USA finalizes BWTS regulations
US COAST GUARD (USCG), which is now conducting a review over an independent regulations of each area for ballast water treatment system (BWTS), seems to make the final policies related to BWTS by April and to conduct concrete procedures to make them ...
2011-03-13 22:40:58
Clarkson forecasts weaker 2011
Clarkson plc reported a 44% rise in profits to £32.4m ($52m) on £202.6m in revenues for 2010 over the previous year, a stronger than expected performance aided by a recovery in dry bulk volumes, the revival of container trades and a rebou...
2011-03-11 08:31:19
Chinese hit by delivery delay
The recent delivery delay of China's biggest private-run shipbuilder, Jiangsu Rongsheng Heavy Industries, over large ships confirms Korean shipbuilders' superiority once again. Lee Seok-jae, researcher of Seoul-based Mirae Asset Securities, says...
2011-03-11 06:20:37
Coking coal up & cost up
The steel and shipbuilding industries are expected to have an increasing cost burden since coking coal prices are skyrocketing in a wake of the deluge that happened in Queensland, Australia, last December. One of the world's largest mine companie...
2011-03-10 10:46:05
Saipem wins $2.2bn orders
Italy's Saipem announced yesterday that it had won new engineering and construction contracts worth over $2.2bn. Saudi Aramco has awarded Saipem an engineering, procurement, installation and construction contract for the development of the Arabiy...
2011-03-10 07:27:37
Japan's steel price-nego put aside
The price negotiation over shipbuilding steel plates for the second half of 2010's financial year between Japan's shipbuilding majors and steel suppliers is expected to be put aside for a while with some set to reach agreement next week. Shipbui...
2011-03-09 23:17:58
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