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Metal Trades

Aker Philadelphia Shipyard's CBA Ratified

Aker Philadelphia Shipyard

  Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, announced today that a new four year collective bargaining agreement has been ratified by the Philadelphia Metal Trades Council (PMTC). The PMTC is the exclusive bargaining representative for production and maintenance employees at APSI and consists of ten unions.   Mike Giantomaso, Aker Philadelphia Shipyard Vice President of Human Resources remarked, "We are pleased to have successfully ratified this agreement and are very proud to continue our partnership with the PMTC. This contract supports our company's vision of being the leading U.S. commercial shipyard and underscores our objective of being a preferred employer in our communities."   President of the Philadelphia Metal Trades Union, Lou Agre, commented "This contract ratification is another example of successful collaboration between union and management, and a clear example of how cooperation keeps organizations moving forward."  


U.S. Navy Contract for DH Barges

barge.jpg

Metal Trades, Inc. was contracted by Maybank Industries. LLC to build two new types of double hull barges for the U.S. Navy.  Three “YON” fuel barges and one Ship Waste Offloading Barge (SWOB) will be built, each type with identical 6,900 barrel capacity cargo and double hull configurations.  The ABS classed barges are being designed by Bristol Harbor Group of Bristol, RI to be 180 feet long and 44 feet wide


AFL-CIO Metal Trades Dept. Seeks Ruling for Jones Act

The AFL-CIO Metal Trades Department (MTD), representing workers at Aker Shipyard in Philadelphia, has urged the U.S. Coast Guard to investigate the yard's "partnership" with South Korea's Hyundai Mipo Dockyard to determine whether ships Aker is building, specifically a series of ten Veteran Class MT-46 Product Tankers, comply with the requirements of the Jones Act. The Department has also held discussions with key members of Congress to start inquiries on the Hill.


U.S. Labor Seeks Ban on Some Foreign Ship Parts

The Metal Trades Department of the AFL-CIO has sued the U.S. Coast Guard over allowing domestic shipyards to use preassembled foreign ship parts and engines, Ron Ault, president of the MTD, said on Tuesday. Preassembled ship parts require little or no assembly at U.S. shipyards, and cut the need for U.S. labor at these yards, he told Reuters in an interview. MTD, a trade department of the American federation of labor unions, coordinates negotiating


China Port Metal Scandal Hits CITIC Shares

 CITIC Resources Holdings Ltd said on Tuesday that metal it owns at Qingdao port may be affected by a probe into suspected fraud, the latest firm caught up in a scandal that has raised broader worries about the risks of metal financing in China. The probe at the Chinese port, where a third-party firm is suspected of using single cargoes of metal multiple times to obtain financing, has also shaken markets amid fears the problems could extend to other ports and force a crackdown on using


Citi Has $280m Tied into China Ports at Center of Metals Probe

Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure. The total is a large portion of the bank's roughly $400 million worth of so-called repo commodity financing deals in China. Short for repurchasing agreements, repo deals give customers access to short-term credit in exchange for goods.


Fab Metal Shop Waterjet Cutting Services

Jet Edge, Inc., announced that Fab Metal Shop of Long Beach, Cal., is offering waterjet cutting services on a state-of-the-art Jet Edge High Rail Gantry waterjet cutting system. Fab Metal Shop can cut virtually any material with its Jet Edge waterjet machine, including metals, stone, resin, woods and plastics. The company’s Jet Edge High Rail Gantry waterjet system features a 6’X12’ work envelope. Fab Metal Shop equipped its waterjet system with a Jet Edge Permalign II


Metal Action Machining Ltd. Certified to AS9100

Metal Action Machining Ltd. (the CNC Division of Analytic Systems) has announced that they have been certified to the International Standards Organization (Certificate number AS-1197), Aerospace AS9100 Quality Management System. On the heels of being certified to ISO9001-2008 one year ago, Metal Action decided to upgrade to the Aerospace Certification.  This will allow Metal Action to obtain new aerospace contracts for the likes of AVCORP, ASCO, Boeing, Bombardier, etc


Jet Edge Awarded U.S. Patent

Michael Wheeler with Patent

Metal-on-Metal Waterjet Seal Eliminates Conventional Plastic Seals, Cuts Number of Consumable Seals in Half Jet Edge, Inc. has announced  that the United States Patent and Trademark Office has issued the waterjet manufacturer a patent for a high pressure fluid sealing mechanism designed by Jet Edge R&D Engineer Michael Wheeler.   Jet Edge’s proprietary high pressure fluid sealing mechanism (U.S


Chinese Port Probe May Spread to Iron Ore, Soybeans

The Chinese probe into financing of copper and aluminium may spread to other commodities such as iron ore and soybeans, an executive of a commodity hedge fund said on Wednesday. Banks and trading houses have been making urgent checks on the security of metal holdings in China, sparked by a suspected fraud at Qingdao Port, the world's seventh biggest. Police are investigating the duplication of warehouse receipts by a third-party firm on metal cargos used to obtain financing.


Canadian Oil Exports Drop, Supply Hunt on Amid Wildfires

In a sign the massive Alberta wildfire is taking a toll on oil transport, Canadian crude exports to the United States dropped 12 percent last week, while another blend of Canadian sweet crude oil rallied as concerns grow about supply.  


Is Container Freight Now a Commodity?

Photo: Xeneta

In an interview with Patrik Berglund, the Xeneta CEO says that the introduction of the "commodity" status for the container would benefit both shippers and carriers.     Q- In today’s world of Amazon, Alibaba and E-commerce


Asia Dry Bulk-Capesize Rates May Dip

Rates from Western Australia to China fall from six-month high. Freight rates for large capesize dry cargo ships on key Asian routes could slide next week as charterers rein in their activity following a flurry of fixtures which pushed rates from Western Australia to China to a six-month high


Japan, Canada Share "Serious Concerns" on South China Sea-PM Abe

Japan and Canada share "serious concerns" over reclamation and militarisation in the South China Sea, Japanese Prime Minister Shinzo Abe said on Tuesday, in an apparent reference to China's maritime activity.   China and the United States have traded accusations of militarising


ZIM to Enhance its Asia to US East Coast and Gulf Services

Photo: ​ZIM Integrated Shipping Services Ltd

 ​ZIM Integrated Shipping Services Ltd (ZIM) has announcd an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf.  


Rotterdam’s Q1 Port Throughput Matches 2015

Photo: Port of Rotterdam

The Port of Rotterdam handled roughly the same volume of cargo in the first quarter of 2016 as in the same period last year, as an increase in the volume of, mainly, crude oil and oil products put through the port was offset by a more or less equivalent decrease in the volume of dry bulk and


Metal Shark Awarded MARAD Grant

Photo: Metal Shark

Louisiana-based shipbuilder Metal Shark has been awarded a small shipyard grant by the United States Department of Transportation’s Maritime Administration (MARAD). Metal Shark was one of nine shipyards selected for an award from a field of 118 applicants.  


First Ocean Ship of 2016 Docks into Indiana Port

Indiana Port Courtesy Port of Indiana

The Port of Indiana-Burns Harbor opened the 2016 international shipping season today with the arrival of the M.V. Lubie , a 623-foot bulk carrier from Europe. To commemorate the first ocean vessel of the year, the captain was presented with the Port of Indiana 'Steel Stein.'  


Shipping, Key Ingredient of EU’s Africa Agenda

Photo: European Community Shipowners Associations

 The African economy has become one of the most promising global growth markets. Shipping is taking care of the largest part of international trade and in Africa this is even more the case due to less developed land infrastructure.   


Interview: 50 Years in the Polymer Repair Market

Geoff Binks gives technical demonstrations in his earlier years with Belzona (Photo: Belzona Polymerics Ltd.)

With 50 years dedicated to polymer coating and composite manufacturer Belzona, Geoff Binks looks back on his experience in the industry and maintenance sector.   Geoff Binks was born and raised in Harrogate and joined Belzona in 1965 direct from Technical College with a chemistry background


Baltic Exchange Says Talks Ongoing with Potential Buyers

Talks between the Baltic Exchange and a number of suitors are continuing, but any potential buyer of the business will have to provide assurances that its central role in shipping will not be "undermined", the Baltic's chairman said on Wednesday.  


Brexit: The Implications for Shipping

Photo: UK Chamber of Shipping

 “Brexit” is the notion that the United Kingdom would leave the European Union. What would be the impact of Brexit on the shipping sector? Dr Vincent Power, EU & Competition Partner, looks at impacts of Brexit on the shipping sector.  


Japan in Race for Asian LNG Hub

Photo: LNG Japan Corporation

 Japan, the world’s largest buyer of liquefied natural gas is aiming to establish an international liquefied natural gas (LNG)  trading hub by the early 2020s, according to a statement by Japanese Ministry of Economy, Trade and Industry (METI) .  


EMR Invests £3m in Port of Tilbury

EMR signs 25 year deal & invests in Port of Tilbury

EMR, one of the world’s largest metal recycling companies has made a significant commitment to remaining in its existing Tilbury Dock facility. Not only has it just signed a new 25 year lease with the Port of Tilbury, it will be upgrading its facilities and investing around £3m in


Xeneta Proposes Commodity Status in Container Shipping

Patrik Berglund (Photo: Xeneta)

With ultra-low container rates, multiple operators teetering on the brink of bankruptcy and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. The Oslo-based benchmarking and market intelligence platform






 
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