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Lkab News

27 Oct 2014

High Arctic Costs Deter Business Despite Thaw

Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms say the sums still make sense. An oil price slump and cheaper commodities, including iron ore, together with tensions between the West and Russia over Ukraine, are adding new disincentives. Examples of extra outlay abound. Ice-breaking tankers able to carry gas from Siberia cost $100 million, or 50 percent, more than normal vessels and hundreds of millions of dollars are needed to upgrade railways serving Arctic ports. Added to that, for many companies, winter darkness, ice and vast distances mean that Arctic investments are a non-starter.

12 Jul 2013

MoorMaster Norwegian Contract for Cavotec

MoorMaster Unit: Image courtesy of Cavotec

Cavotec secured a significant order for its MoorMaster automated mooring technology at a new bulk handling application in Norway. The project has a substantial financial value & is the largest single MoorMaster order in Europe to date. MoorMaster is a vacuum-based automated mooring technology that eliminates the need for conventional mooring lines. Remote controlled vacuum pads recessed in, or mounted on the quayside or pontoons, moor and release vessels in seconds. A single person operates the system, via a hand-held radio remote control unit, either on shore or on board ship.

27 Nov 2000

Bulk Carrier Remains at Anchorage

The Hong Kong-flag bulk carrier Maritime Talent remains at anchorage in Narvik, Norway following a labor union boycott, Reuters reported. The 47,574-dwt vessel arrived in Narvik last Thursday. However, following a boycott by the LKAB labor union, the vessel lost its loading turn and had to remain at anchorage, Reuters added. Reuters said that the International Transport Workers Federation (ITF) had demanded an agreement be signed with the Norwegian Seamen's Union.