Equipment
Posco aims for profit despite output cuts
Recently appointed Posco ceo Chung Joon Yang has stated that the steel producer is “confident” of turning a profit “with only 2m tons of output cuts,” (i.e. a 6% reduction to the previous year’s production) and is considering mergers and ac...
2009-03-03 07:27:38
Cnina Steel wins plate order from CSBC
It is reported that China Steel Corporation (CSC) has secured an order from Taiwan's China Shipbuilding Corporation (CSBC). According to CSBC's calculation, they will need about 200,000 tonnes shipbuilding usage steel plate this year to run for p...
2009-03-03 07:12:13
Dongkuk cuts again: $590 per ton
South Korea’s steel manufacturer, Dongkuk Steel Mill lowers the price for steel plate by KRW 240,000 ($153.75) per ton from KRW 1,160,000 ($743.11) to KRW 920,000 ($589.37) from Monday orders. It is the second time Dongkuk drops the steel price ...
2009-03-02 12:18:35
STX to push into marine equipment
South Korea’s STX Heavy Industries entered into Rudderpropeller (Azimuth Thruster) business for shipbuilding and offshore sector. STX HI recently signed a technical tie-up agreement with Germany’s Schottel, a leading ship propeller manufacture...
2009-03-02 11:32:31
CSIC sells ship equipment subsidiary
China Shipbuilding Industry Corporation is selling a Shanghai-based non-core ship equipment subsidiary for Yuan1.7m ($246,000). The state-owned shipbuilder listed a 96.4% stake in the Shanghai Hengtong Power Station Co for auction on the Shanghai Uni...
2009-03-02 06:35:22
Angang inks strategic cooperation with CSIC
It is reported that in order to be competitive on the supply-chain amid the financial turmoil as well as avoiding risks, one of the largest Chinese steelmakers Angang, based in Northeast China's Liaoning province, signed a long term strategic coopera...
2009-02-26 08:20:58
Alang heads for record: Demolition deals
The shipbreaking industry continues to maintain a frenetic pace, with offers for demolition tonnage remaining steady and even firming, in spite of a large quantum of tonnage, particularly in the bulk sector, becoming available. Transparency has ta...
2009-02-25 09:59:50
CSIC links with Angang Steel
China Shipbuilding Industry Corporation (CSIC), China's northern ship builder, has entered into strategic cooperation with Angang Steel. This follows on from a similar deal it signed last month with Baosteel to increase steel supply by 20% this year
2009-02-24 13:14:40
Chinese steel market boost
It is reported that Chinese steel market is expected to be recovered soon in the second quarter, driven by the government 4 trillion investment plans. Mills restart production and many construction projects have been on their way. Steel market price ...
2009-02-20 11:11:34
Korean lead ship mooring system
The Korean Agency for Technology and Standards said the United States, Japan, Britain and three other countries agreed to accept all 12 standards submitted by South Korean shipyards, including global leader Hyundai Heavy Industries. The standards,...
2009-02-20 11:02:30
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