Equipment
EBX owner eyes Vale stake
Brazilian tycoon Eike Batista is interested in buying into domestic iron ore exporter Vale. Local newspaper reported that Batista, Brazil's richest man who already has interests in mining, has been in talks with major Vale shareholders, including ...
2009-09-23 07:49:32
Bulker scrapping surpasses 10m dwt
Dry bulk demolition sales in 2009 have exceeded the 10m dwt barrier and look set to break the record for total tonnage scrapped in a year. “It is probable that by the end of 2009 we will have beaten the 30-year record set in 1998 of 13.7m dwt sc...
2009-09-23 07:45:15
Steel plate over-supplied
Chinese shipbuilding steel plate makers are forecast to face crisis situation going forward as their production far exceeds demand now. A high-ranking official from the China Association of National Shipbuilding Industry (CANSI) said Chinese thick s...
2009-09-23 06:48:34
Daewoo develops integrated co-op system
South Korea’s Daewoo Shipbuilding & Marine Engineering has launched an integrated cooperation system through which it can share business information with around 4,000 collaborative companies in real time. The world’s leading shipbuilder said i...
2009-09-22 06:42:55
Vale builds 400K bulkers in Brazil
Brazilian mining giant Vale SA (VALE) has given domestic shipbuilders the opportunity to build four 400,000-metric-ton bulk carriers, the company said. Vale had been under pressure from Brazilian President Luis Inacio Lula da Silva to make investm...
2009-09-21 06:58:14
STX-Daewoo bids 400K VLOC
A Brazilian mining giant is said another 20 VLOCs. Vale's appetite for bulkers continues unabated. The company is said to be looking to charter a slew of very large ore carrier (VLOC) newbuildings in addition to the 12 it ordered last month. ...
2009-09-18 11:45:18
Wartsila wins power plant
Finnish ship engine maker Wartsila has inked a contract to supply barge-mounted power plant to Papua New Guinea. The facility will serve a mining operation and will costs the buyer, Lihir Gold, EUR 57m ($84m). The power plant is scheduled to be fu...
2009-09-18 07:57:38
Korea-Japan plate price gap
Japanese steelmakers and major South Korean shipyards are believed to have settled on the price of about $600 per ton (on an FOB basis) for thick steel plates for shipment in the latter half of fiscal 2008 (October 2008-March 2009) in the negotiation...
2009-09-18 07:41:05
Steel plate output 38% ↓: China
According to statistics from China Iron & Steel Association (CISA), China's steel plate output in the first seven months of the year dropped by 37.7% from a year earlier to 7.42m tons, with July production falling by 27.9% year-on-year. Outputs in...
2009-09-18 07:02:29
Steel price interrupts Newbuild talks
Japanese shipbuilders will go all out in the computation of costs and other preparations for newbuilding talks in the future toward the conclusion of the negotiations for the price of steel plates used in shipbuilding. However, the relatively higher ...
2009-09-17 07:42:37
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