Equipment
Fallen Tsuji causing lots of problems
The collapse of major deck machinery maker Tsuji Heavy Industries Co. seems to be having a wide range of repercussions on the domestic marine equipment industry amid the mounting uncertainty over the supply of Japanese-made such equipment to the Chin...
2008-12-23 15:05:36
Hope of a revival in the dry cargo market?
Hope of New Year fireworks in the dry-cargo market have been washed out by a leading Asian bank. Rumours of early price contract renewals between Chinese steel makers and iron ore miners has sparked hope of a revival in the sector. But massive iro...
2008-12-23 07:23:17
51/60DF engines pass FATs
MAN Diesel’s type 51/60DF four-stroke, medium speed dual-fuel gas engine has passed the final landmark on its way to its first commercial applications in the marine sector. Having gained type approval in autumn 2007 on the seven cylinder prototype ...
2008-12-23 07:06:56
Marine equipment industry in full swing
Despite the global economic recession, South Korean shipbuilding equipment enterprises’ factories are operating fully, at more than 100% of their capacity. The Busan Chamber of Commerce & Industry (Busan CCI), based in Busan City, South Korea, rece...
2008-12-23 06:00:24
Steel output drops 12.4%
According to the statistics from World Steel Association (formerly known as International Iron and Steel Institute), crude steel output of world’s 66 major steel-producing countries and regions for October 2008 aggregated 100.5 million ton and show...
2008-12-22 07:41:45
Global steel prices plummet
Global steel producers "do not feel that the bottom has yet been reached", independent steel industry analyst MEPS said. "Despite substantial mill output cuts, with capacity utilisation down below 50% in early December, US transaction values continue...
2008-12-22 06:37:51
MacGREGOR secured orders: €30m MPP
Cargotec’s MacGREGOR business area has received orders from China worth nearly €30 million for 10 shipsets of cranes, hatch covers and fixed container fittings Two series of multipurpose ships will extend MacGREGOR’s success with cranes and ha...
2008-12-22 06:32:48
China mulls buying steel & adjusting taxes
China's government is considering to purchase steel products and further adjust the export tax to help the money-losing industry, a minister said yesterday. "The government has to lend its support" to help the industry through this difficult time,...
2008-12-18 09:30:17
Iron ore price nego - 30% to 50% cut
Annual benchmark ore talks are to kick off soon and global leading institutes have made forecasts for fiscal 2009 contract ore prices. Most expects price decline, but varies in the falling magnitude. And based on overall analysis, Mr Zen Jiesheng...
2008-12-17 07:34:15
Wartsila wins another major bulk order for cylinder lubricat...
Wärtsilä won an order in November from the German shipowner NSB Niederelbe Schiffahrtsgesellschaft mbH & Co KG (Reederei NSB) for retrofitting another 23 ships with the Retrofit Pulse Lubricating System (RPLS). This system cuts lubricating ...
2008-12-16 08:25:35
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