Equipment
China may ask to cut iron ore prices by 82%
China, the world’s largest iron ore consumer, may ask Rio Tinto Group and rivals to accept an 82 percent price cut for the raw material after steel prices plunged to 1994 levels, an industry official said. “Iron ore prices should keep pace with s...
2008-12-09 14:38:04
Chinese mills seek early end to iron ore contract
The major iron ore producers could lose a significant chunk of their 2008-09 sales revenues if the China Iron & Steel Association (CISA) is successful in efforts to shift the start of the 2009 benchmark contract period to 1 January from 1 April, writ...
2008-12-08 08:24:50
The steel price will further decrease over the next tax year
According to BNP Paribas’ report, steel demand was reduced due to the large number of suspended infrastructure constructions, world’s steel price will further decrease by 10% over the next tax year (April 1,2009 to March 31,2008). This forms a co...
2008-12-08 07:26:55
Wartsila’s new slow speed kits
Wartsila has developed new slow steaming upgrade kits to enable shipowners to reduce speed without damaging their engines. German owner Koepping Shipping Co is among the first to employ the upgrades and will install it on two containerships. The t...
2008-12-05 14:58:08
Cummins introduces Tier 2 QSK60 engine
Cummins Inc. has upgraded the QSK60 marine engine for propulsion and auxiliary applications to meet U.S. EPA Tier 2 and European Union Stage IIIA emissions regulations. The QSK60 Tier 2 has propulsion ratings from 1,492 - 1,864 kW (2,100 - 2,500 b...
2008-12-03 06:59:47
Baoshan raises output to meet shipbuilders' demand
Baoshan Iron & Steel Co., China’s biggest steelmaker, will raise plate output capacity by 29 percent to meet shipbuilders demand in Asia, turning to its most profitable product to sustain sales in the economic slowdown. Baoshan will sell 200,000 me...
2008-12-02 14:37:35
Dongkuk Steel cuts rebar prices
South Korea's third-largest steelmaker, Dongkuk Steel Mill, said on Dec. 1 it would cut prices of rebar by 11 percent to bring prices of its construction steel in line with that made by a rival. Its local peer Hyundai Steel said on Nov. 28 it wou...
2008-12-02 13:56:29
Wartsila and Chinese CSSC-MES Diesel sign licence agreement
Wärtsilä and Chinese CSSC-MES Diesel Co Ltd (CMD) have jointly signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines by CMD in China. The agreement grants CMD the right to manufacture ...
2008-12-02 10:17:35
NACKS’ new dock passed commissioning test
The 500,000dwt dock and 300,000dwt fitting-out pier built by Nantong COSCO KHI Ship Engineering Co.,Ltd. (NACKS) smoothly passed the maritime sector organization’s commissioning test few days ago. So far, these are the largest ever dock and fitting...
2008-12-01 06:45:58
China’s steel plate exports total 8 million tons
For the first three quarters, China’s steel exports amounted to 48.4605m tons, among them, steel plate exports stood at 8.6266m tons. In the same period, steel imports totaled 12.285m tons, among them, steel plate imports totaled 1.767m tons. St...
2008-11-28 07:11:40
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