Equipment
Steel price to rise $126/t
Steel prices are forecast to rise by up to KRW 145,000 ($126) per ton in South Korea. Samsung Securities said in its latest report that if coal and iron ore prices rise by 55% and 80% each, the level of price hike raw material suppliers are reques...
2010-03-09 10:58:37
China to build 20 river cruises
‘Chongqing intends to build 20 luxury inland-river cruise ferries in three years,’ said Mr Tan Qiwei who is the member of National People's Congress (NPC) and deputy mayor of Chongqing City. As the largest city in West China, it already owns 1...
2010-03-09 10:07:09
Shipowners turn to dry sector
A total of 167 dry cargo ships (including multi-purpose vessels) have swapped hands for an aggregate of $2.7 billion during the first two months of 2010. According to the latest monthly statistics compiled by N.Cotzias Shipping Group, these ships...
2010-03-09 07:25:22
Daewoo-Canada JV for wind turbine
Daewoo Shipbuilding & Marine Engineering (DSME) of Korea is targeting North American wind market by constructing a wind turbine factory in Canada. DSME announced on Mar. 8th that it will establish a joint venture for wind turbine production inve...
2010-03-08 10:45:33
Green Shipbuilding Rush
Korean major shipbuilders are making tangible results in environment friendly shipbuilding satisfying new standards of 2011 by IMO. Hyundai Heavy Industries completed eco-friendly engine development, which decreased nitrogen oxides emissions by 15...
2010-03-08 07:20:04
Iron ore prices increase
The big three iron ore miners - Vale, Rio Tinto and BHP Billiton - are seeking a 50 percent hike in prices, China Daily reported on Thursday, citing unnamed industry sources. "Baosteel, which is leading this year's ore talks, would wait and see ho...
2010-03-05 08:14:56
Tug of War on Steel Prices
As raw material prices are in the upward trend, steel plate prices are also in the mood of upturn. The prices for raw materials such as iron ore, scrap metal and slab have recently increased considerably and if the price hike is reflected in the s...
2010-03-05 06:43:30
Hyundai exports first Tier-II engine
Hyundai Heavy Industries of Korea said today that it has successfully manufactured the world’s first Tier-II compliant eco-friendly ship engine. HHI Engine & Machinery Division (HHI EMD) has recently completed the trial run of the engine, which ...
2010-03-04 12:47:33
Wartsila wins new orders
Finland's Wartsila has won an order to supply two-stroke engines for eight Chinese bulker newbuildings. The buyer is Beijing-based Minsheng Financial Leasing Co, and the engines will be built by Wartsila’s Chinese licensee, Hefei Rong’An Powe...
2010-03-04 08:31:16
Hyundai-Japan Steel War
Hyundai Heavy Industries of Korea is playing a tug of war with Japanese steel makers on the prices of steel plates. According to industry sources, Hyundai is now negotiating with Japan’s major steel suppliers for steel plates to be used in the s...
2010-03-04 06:41:55
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