Equipment
Jinan Steel inks pacts with DSSC and Yantai Dajing
It is reported that Jinan Steel, China's largest shipbuilding plate manufacturer, signed the direct distribution agreements for 2009 with DSME Shandong Co and Yantai Dajing metal commerce & trade Co. Mr Wang Jun board chairman of Jinan Steel noted th...
2009-02-17 08:06:15
Mitsui to expand ship repair dock
Mitsui Engineering & Shipbuilding (MES) announced on Feb. 12 that its ship repair subsidiary MES Yura, based in Wakayama Prefecture, will be spending about Y1 billion to prolong the length of its repair dock by 55 meters to 405 meters. When the work...
2009-02-13 13:18:22
Wartsila-Mitsubishi renew agreement on low-speed engines
Wärtsilä and Mitsubishi Heavy Industries have signed a ten-year renewal of the existing co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine diesel engines. Mitsubishi is the longest-standi...
2009-02-13 07:47:42
ArcelorMittal expects steel industry to recover
ArcelorMittal, one of the most prominent defaulters of dry bulk shipping contracts, has forecast a second-quarter recovery in the steel industry, citing recent iron ore restocking that has seen some freight rates double in the last week. The world’...
2009-02-12 07:29:35
Steel prices plummet: Shipbuilding boost
The prices for steel plates South Korean shipbuilders import from overseas steel makers are forecast to fall, with some expected to be halved. This is because South Korea’s major shipbuilders got the inside track in steel negotiations as supply ...
2009-02-12 06:37:52
Diesel engine output surpassed 1,000 units in Japan
Diesel engine output in 2008 by 11 engine makers in Japan topped 1,000 units for the first time with 1,045 units aggregating 10.83 million hp, according to a survey by Kaiji Press. The total in terms of hp slightly sagged from the record-high of 11.1...
2009-02-09 07:38:46
Steel plate prices to fall drastically: Sino-Korean deal
According to information made available in Tokyo, it is likely that China's integrated steelmakers will enter the final stages of negotiations in the first week of February on their deals of ship plate exports to South Korea's various shipbuilding co...
2009-02-05 14:44:09
Wartsila expects $1bn deals to fail
Engine manufacturer Wartsila has warned of an additional $1bn in newbuilding cancellations after shipping markets “came to a complete standstill” at the end of 2008. The Finnish giant saw orders slump “markedly” from the first half to the sec...
2009-02-04 11:19:01
Jinan Steel inks pact with key shipbuilders in Shandong
It is reported that Jinan Steel Group signed strategic cooperation agreements days ago with seven key shipbuilders like Huanghai Shipbuilding in Shandong to solidify their production-demand chain of shipbuilding plate on the base of mutual benefits. ...
2009-02-04 07:58:49
Miners braced for 30% drop in iron ore prices
Iron ore prices are set to fall in 2009 after six years of price hikes as deteriorating demand triggers severe production cuts in the steel industry, a Reuters poll shows. The fall will mark an end to a bullish run for miners BHP Billiton, Rio Tinto ...
2009-02-04 07:25:52
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