Manufacturing Steel News

Maryland state lawmakers have passed the Clean Energy Jobs Act (CEJA) of 2019, which would incentivize the development of 1.2 GW of additional offshore wind energy off the coast of Maryland.US Wind Country Manager Salvo Vitale testified last month before the Senate Finance Committee and House Economic Matters Committee urging passage of the legislation while citing the significant economic benefits that the legislation would make possible by incentivizing the development of 1,200 MegaWatts of additional offshore wind energy off the coast of Maryland."The benefits are many and will prove transformational to Maryland's economy: 5,000-7…

As a result of the need for innovation in the dredging market, Niron Staal and VOSTA LMG Cutting and Coupling Systems have entered into a long term agreement for manufacturing and delivery of advanced cutting systems. Both companies have a rich history of cooperation which goes many years back. The need for more advanced cutting systems and the necessary investments calls for an even closer and more strategic cooperation. VOSTA LMG is a well experienced technical provider in the dredging industry and with excellent technical know-how. Niron Staal, part of SHIPDOCK HOLDING, has a wide-range experience in manufacturing, steel construction, machining and servicing of dredger- and offshore components and is a renowned contractor for these industries.

Indian firms are increasingly getting into ship building and repairing as shipbuilding orders are expected to rise significantly to meet the boom in seaborne trade and increased offshore oil exploration. The local industry is expected to expand to $20b by 2020 from close to $5b now, a report by maritime consultants i-maritime Consultancy Pvt Ltd said, which is about 1 percent by value of total global shipbuilding orders. Besides subsidies given by the Indian government to local shipbuilders, which is a big incentive, a major part of the world shipping fleet is very old and due for replacement, Chief Financial Officer Dhananjay Datar of ABG Shipyard said.

The Cleveland-Cuyahoga County Port Authority has received a capacity study identifying options for sustaining the Port's position as an engine for manufacturing jobs, while the City of Cleveland is opening up the lakefront for greater public access and economic development. The study's main finding was that as the Port vacates key docks and storage areas, then those maritime facilities would need replacement given any reasonable future business projection. The Port of Cleveland is a destination port, meaning it produces local jobs because 90 percent of the Port's cargo is produced or consumed within a 75-mile radius. For example, the Cleveland Cliffs iron ore brought here from Minnesota by Oglebay Norton is used for manufacturing steel at ISG.

It is little secret that efforts to develop and harness new forms of clean power is an ever-present global task to serve the dual purpose of ensuring a cleaner environment and to be less taxing on non-renewable resources. The wind has emerged as a viable, if sometimes unreliable and often more costly*, option to generate power. Plans to build the U.K.'s largest offshore wind farm, to provide electricity for 50,000 homes in Wales, has been given the green light. The North Hoyle Offshore Wind Farm will feature 30 wind turbines, located five miles off the Welsh coast between Prestatyn and Rhyl in North Wales. There are currently two additional major offshore wind farm projects under consideration for the UK…