Grade Steel News

Infinity Nine, the second of the Kando series of contemporary explorer yachts from AvA Yachts was delivered to its owner NBA basketball star Tony Parker in early November.Atilla Küçükdiker, chairman and founder of AvA Yachts, said, “It is a proud and happy day that we as AvA Yachts team have delivered Infinity Nine! We describe our Kando series yachts as contemporary explorers and Infinity Nine really is a superb demonstration of both contemporary style, inside and out, and superb exploration potential with class-beating efficiency…

AvA Yachts is currently building M/Y Infinity Nine, the second of AvA’s Kando series being built for former NBA star Tony Parker.Parker visited the yard to witness construction firsthand, and to date the hull and superstructure are now complete with the final coating of the hull underway. All major equipment has been delivered and installed and the interior fit out has begun in earnest.An extended swim platform at the stern, a full beam master with floor to ceiling windows and a gym on the upper deck…

A new icebreaking tugboat built by Blount Boats in Rhode Island has been delivered to the New York Power Authority (NYPA) to work in the Niagara River to help alleviate shoreline flooding and reduce the likelihood of ice limiting the power production at large hydro plants along the Niagara River. The Breaker II joins a fleet of three boats that work every winter to install the Lake Erie—Niagara River Ice Boom—a series of 22 spans of steel pontoons that straddle the mouth of the…

Many shipowners are scrambling to comply with the tough, new the International Maritime Organization (IMO) fuel global sulfur limit of 0.50 percent m/m, which takes effect January 1, 2020.It is expected that after the rules swing into force, the light-heavy fuel price spread will likely spike and refining margins will be higher, particularly for complex refineries.Shipowners have to stay ahead of the game, said Yara Marine Technologies CEO Peter Strandberg: “Shipowners often get a bad rap of refusing to adopt new, innovative technologies and processes.

Hardness, corrosion resistance and impact strength are determinate factors in the lifecycle costs of wearing parts made of steel bar such as valve seats, bending guides and nozzles for abrasive liquids. The material's machinability, however, is just as relevant for quality and cost effectiveness. Ugitech now for the first time introduces to the market a stainless steel with outstanding values that meet all of these criteria. UGIMA 4116N is extremely hard thanks to the addition…

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually. With more than three quarters of firms suffering losses as a result of a price-sapping capacity surplus, China vowed in early 2016 to shut 150-150 million tonnes of annual production in five years in a bid to raise profitability and utilisation rates in the sector. Its capacity then was estimated at 1.2 billion tonnes.

A new shallow-draft anchor-handling tug supply (AHTS) vessel has been delivered to Russian inland waterways operator and offshore logistics service provider, Ark Shipping. The AHTS Antarctic, designed by Offshore Ship Designers (OSD) in close cooperation with the owner, is partly based on the design of another OSD-designed ship, the Arctic, which was delivered to Ark Shipping in 2012. The DP1 vessel has a Bureau Veritas Ice Class Notation, and is fully equipped to operate in the Caspian Sea, where ice formation of around 80 cm during the winter period is not unusual.

China's iron ore output jumped in June to its highest level since October 2015, data showed on Wednesday, the strongest sign yet that soaring prices have spurred miners in the world's top consumer of the steelmaking raw material to boost production. Output rose 5 percent from a year ago to 124.7 million tonnes, data from the National Bureau of Statistics showed. Prices have been on a tear in recent months as steel mills have churned out record volumes of metal, taking advantage of bumper margins. Beijing's infrastructure spending has boosted optimism about demand for construction-grade steel.

Following the announcement of 24 October 2016, MPI Offshore has stated that the leg extensions to MPI's wind-turbine installation vessel (WTIV), MPI Resolution, are now in place, class approved and fully operational. The upgrade work took place over an intense 60-days conversion programme working 24/7. A multi-skilled group of workers peaking at around 50 personnel, included specialists for welding high-grade steel and performing onsite machining operations, all positioned at the top of the existing legs. six legs. Access from quay level to the deck was provided by two temporary erected stair towers. These improvements to MPI Resolution will allow jacking operations to be carried out in up to 35m of water depths, including allowances for leg penetration and air gap.

South Korea's Kangnam Corporation will jointly build 12 mine countermeasure vessels (MCMV) in India in collaboration with India's state-owned Goa Shipyard Limited (GSL), reports Hindustan Times. The project comes under under the Modi government’s Make in India programme and is likely to cost more than Rs 32,000 crore ($4.8 billion). “We are in the final stage of concluding the contract. It should be done in three to four weeks,” Hindustan Times quoted GSL chairman Rear Admiral Shekhar Mital as saying. The navy needs to fill gaps in its mine warfare capability. Its existing mine counter-measures force consists of six vessels bought from the erstwhile Soviet Union in the late 1970s. It requires 24 minesweepers.

Royal IHC and German company DIHAG Holding GmbH have jointly acquired the Belgian steel and iron foundry, Allard-Europe NV. respectively. Through this acquisition, IHC is able to realize a reliable supply chain (competitive on price, quality and delivery time) for strategically important casting products, as well as improve its product development capabilities. At its foundry in Turnhout, Allard-Europe casts high-grade steel and iron components, which it then supplies to various markets including dredging, offshore and shipbuilding. The company specializes in bespoke products and short production runs. DIHAG, an experienced operator of foundries…

Birkenhead based IPS Marine Fabrications is continuing to ramp up growth in the passenger ferry market after completing work on two Stena Line vessels. The firm, run by maritime engineering specialists Paul Smith and Peter Hillan, has delivered a package of insulation and fabrication work for the Stena Ro-Pax Superfast ferries VII and VIII. All repairs were completed on the move while the vessels continued service between Belfast and Cairnryan in Ireland, ensuring no operational downtime.

Seajacks Leviathan and Seajacks Kraken are prepared for their coming assignments, following a series of repair and renewal jobs by Shipdock Amsterdam. The shipyard, part of Damen Shiprepair & Conversion, had been commissioned for the two jack-ups by Seajacks UK Ltd. The Great Yarmouth (United Kingdom) based company has assigned the shipyard various and different major and minor adjustments on the two jack-up sister vessels in between North Sea offshore windfarm and oil & gas installation contracts.

India has launched its first home-built aircraft carrier from Cochin Shipyard in southern Kerala state. The 37,500 tonne INS Vikrant is expected to go for extensive trials in 2016 before being inducted into the navy by 2018, reports the BBC. With this launch, India joins a select group of countries capable of building such a vessel. The launch of INS Vikrant marks the end of the first phase of its construction. The ship will be then re-docked for outfitting and further construction. The new aircraft carrier has a length of 260m (850ft) and a breadth of 60m, having been designed and constructed locally using high grade steel made by a state-owned steel company.

ABB has delivered subsea transformers for fields in the North & Norwegian seas & the Gulf of Mexico for operation at depths of up to 2,000 m. Subsea transformers are an ABB innovation. Deployed in extreme conditions in ultra-deepwater, these high-tech workhorses provide the power for heavy-duty equipment on the sea floor - enabling declining oil and gas fields to be more productive and making new deepwater fields accessible. ABB delivered the world’s first commercial subsea transformers…

Acquisition of 100% of the shares of the Polish Steel Construction company “Famaba” by the Belgian harbor crane manufacturer E-Crane/Indusign. The E-Crane Group of Companies, a leading manufacturer of cranes for handling bulk materials, has succeeded in the acquisition of the Polish company ‘Famaba’, an ISO9001 certified company with 275 employees and revenues exceeding 20 million USD/16 million EURO in the year 2011. Another milestone in E-Crane’s ambitious business plan has been reached. With this acquisition, E-Crane fully owns a strategic supplier of high grade steel constructions for the crane industry while at the same time, Famaba stays an important European player in the market for foundations and towers for wind turbines.

Harad is the first in a four-ship double-hulled series of VLCCs constructed for Hellespont of Greece by the South Korean builder Samsung Heavy Industries. During construction, the four vessels were re-sold to NSCSA of Saudi Arabia. The vessel, which incorporates a number of technical features to ensure high levels of environmental protection and high performance, holds a large main engine, improved strength by increased plate thickness, improved service lifetime for coatings by increased paint specification and advanced inert gas system. The hull form of the vessel has been specifically remolded to meet Hellespont's requirements and differs from the conventional VLCCs, featuring a 'blunt' fore part and a breadth of 190 ft. (58 m) to reduce hull deflection.