Equipment
Chinese steel demand to grow 20%
Provided there are no mass cancellations of orders, steel demand from China's shipbuilding industry is expected to increase to 17-18 million by 2011, a rise of more than 20 percent compared with the estimated consumption for 2009, said Tan Naifeng, d...
2010-01-05 07:15:25
Box sector better 2010
Container lines are looking forward to a better year in 2010, but the same cannot be said for non-operating owners. The modest recovery in freight rates on some routes has not cascaded into the charter markets where fixtures are still lingering at...
2009-12-30 08:10:58
STX engine deal with Hyundai
South Korea’s STX Engine said Tuesday that it has signed a KRW 45bn ($38.4m) contract with Hyundai Heavy Industries to supply high-speed diesel engines. Under the deal, the engine maker will provide engines and decelerators for 3,000-dwt, 500-dw...
2009-12-29 13:36:27
China iron ore find
Chinese steel industry officials will be using the discovery of large iron ore deposits to secure cheaper prices for overseas supplies, analysts claim. The eastern region of the northern province of Hebei may hold reserves of more than 10 billion...
2009-12-29 08:18:02
Surplus Korean steel plate for Chinese
South Korean steel maker Hyundai Steel plans to start selling heavy steel plate for shipbuilding in the second quarter of 2010 after it receives certification by ship classification societies Korean Register of Shipping, ClassNK and Germanischer Lloy...
2009-12-28 13:46:01
Steel plate market slows
In 2008 and 2009, the global economic crisis seriously hit China's shipbuilding industry and greatly affected the ship plate market. China has an overstock of ship plate but the global crisis led to dropping demand. At the same time, South Ko...
2009-12-28 07:04:46
Vale eyes rebound
Vale said Wednesday that it expects its iron ore output to rise to 300 million tons next year, recovering to 2008 levels. CEO Roger Agnelli said that the Brazilian iron ore company is likely to report that it shed 30 million to 40 million tons of ...
2009-12-24 13:37:51
Newbuilding prices firming
Shipbuilding analyst Lee Sok-je working with Mirae Asset in Seoul believes newbuilding prices have bottomed out and are now firming. He says the key determinant of newbuilding price is no longer supply and demand but the price of steel and currenc...
2009-12-21 13:49:06
Cargotec best cargo handling system
The Siwertell ship unloader offered by Cargotec has won this year’s International Bulk Journal’s (IBJ) best ship loading/unloading system award. There were four other systems short-listed as finalists by IBJ, but the organisation judged the S...
2009-12-18 14:41:19
Hyundai-Gunsan launches first ships
Hyundai Heavy Industries, the world’s largest shipbuilder, will hold a launching ceremony on December 18th for the first vessels built at its Gunsan shipyard. The floating ceremony will be attended by Hyundai Heavy Industries group chairman Min ...
2009-12-17 06:26:11
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