Equipment
Unitech wins recognition
Unitech, a ship safety equipment manufacturer of South Korea, has finally passed a model recognition test on its Crankcase Explosion Relief Valve which was conducted at an authorized institute for testing and certification in the Czech Republic in No...
2009-02-03 06:14:47
Goliath crane is leaving for Daewoo Mangalia
If all goes as planned, Goliath, the largest gantry crane in North America and a long-time Quincy landmark, will be shipped to Romania in less than two weeks. Crews at the former Fore River Shipyard are expecting to send the 328-foot-tall crane of...
2009-02-02 07:54:36
Shipyards buying record amount of steel plate
Hyundai Heavy Industries Co., the world's largest shipbuilder, and two South Korean competitors will raise steel purchases by at least 11 percent to a record, bolstering Asian steelmakers reeling from the global recession. Hyundai, Samsung Heavy Indu...
2009-02-02 07:41:25
Prices for shipbuilding steel plates falling in China
In Japan, price negotiations on thick steel plates for shipbuilding between shipyards and steelmakers appear to have been settled in autumn 2008 with the latter retracting demand for price markup. In China, however, prices of such steel seem to be go...
2009-02-02 07:30:11
Wartsila faces orderbook cancellation
Wärtsilä, one of the largest ship engine makers, faces losing up to €800m of its existing orderbook due to potential cancellations. With a current ship power orderbook of €4.5bn ($5.8bn), this represents almost 18% of its engine ord...
2009-02-02 06:57:36
CSIC YMD develops China’s 1st intelligent LS diesel engine
China’s first intelligent vessel low-speed diesel engine has recently passed the inspection from related department. According to the industry experts, against the existing ones, this 6S35ME-B intelligent vessel low-speed diesel engine shows higher...
2009-01-30 14:24:15
Steel plate prices may decline in spring
According to multiple informed sources, steelmakers appear to have decided to finally put off the increase in steel prices despite the prolonged negotiations with Japanese shipyards in relation to their requested markup in prices beginning with the O...
2009-01-30 07:39:21
Hint of growth in demand for raw materials
The cost of shipping dry bulk commodities such as iron ore, coal and grains rose on Jan. 27 to its highest level in three months, recovering 51 per cent from its December low, on signs of a tentative renewal in demand for raw materials. The Balti...
2009-01-29 13:34:18
Vale’s production cut by a quarter
As it adjusted to "global demand shock", Vale slashed mining production by more than a quarter in the last three months of 2008. The Brazilian miner has reported that fourth-quarter iron ore output dropped by 26.3% compared to the prior quarter. T...
2009-01-23 07:34:57
World’s 2009 steel and iron output will drop by 10% approx...
Some international organizations and media have recently announced their forecasts on 2009 steel and iron market in succession. An analyst at Moody’s Investors Service (MIS) believes that 2009 steel and iron output will break the recent 60 year...
2009-01-22 12:12:02
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