Steel Industries News

Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.“South Korea is a peninsula surrounded by three seas,” said Park Jung-min, head of the Korean market development at Ørsted Asia Pacific. “We estimate that South Korea’s potential offshore wind power capacity can reach 30 GW.”According to Yonhap News Agency, the Danish state-run energy firm has recently completed the establishment of its Korean branch following South Korea’s announcement of a “Renewable Energy 3020 Plan…

Chairman & CEO, Campbell Transportation Company.Peter H. Stephaich is Chairman and CEO of Blue Danube Incorporated and Campbell Transportation Company. Currently, he is also Chairman of the Board of the Waterways Council, Inc. (WCI). Peter also serves on the Board of Directors of Blue Danube, a position that he has held since 1982. Serving the barge industry for over 30 years in a number of key roles, he also counts among his many qualifications his tenure(s) as Past Chairman and Past Treasurer of the American Waterways Operators (AWO)…

Peter H. Stephaich is Chairman and CEO of Blue Danube Incorporated and Campbell Transportation Company. Peter is also on the Board of Directors of Blue Danube, a position that he has held since 1982. If today he isn’t the most familiar name on the domestic waterfront, then perhaps, he should be. Serving the barge industry for over 30 years in a number of key roles, he also counts among his many qualifications his tenure(s) as Past Chairman and Past Treasurer of the American Waterways Operators (AWO), Past Chairman and Trustee of the National Waterways Foundation, Vice Chairman and Executive Committee of Waterways Council (WCI) and as Commissioner and Vice Chairman of the Port of Pittsburgh Commission.

OW Bunker, a physical distributor and reseller of marine fuels, announced the launch of a physical distribution operation in Australia. The move is part of OW Bunker’s strategy to further expand the company’s global physical distribution presence in key locations for customers, ensuring end-to-end quality in the services and products that it provides. OW Bunker has leased a fuel oil tank in Port Kembla, New South Wales. The company will provide vessels with a full range of products including RMG 380 cSt and RME 180 cSt fuel oil ex-pipe and DMA gas oil by road tanker.

Overall U.S. maritime cargo volumes in the Great Lakes region are recovering from extreme lows experienced in 2009 finds a MARAD study. The U.S. Department of Transportation’s Maritime Administration (MARAD) report 'Status of the U.S.-Flag Great Lakes Water Transportation Industry', finds that the U.S. Great Lakes maritime industry is generally healthy, providing efficient, safe and environmentally friendly transportation services. It continues to be competitive with railways and trucks and, supported by responsible regulation and infrastructure maintenance, will remain an essential part of the regional and national economies. “This study shows that the recovery happening in communities all across the country is also happening right here in the Great Lakes…

U.S.-flag Great Lakes freighters (“lakers”) carried 8.2 million tons of dry-bulk cargo in April, a virtual repeat of a year ago, and 2.7 percent better than the month’s 5-year average. Iron ore cargos for the steel industry registered a modest increase compared to a year ago. Coal for power generation and steel production dipped 16.5 percent. Aggregate and fluxstone for the construction and steel industries rose by more than 14 percent. Through April U.S.-flag cargos stand at 14.6 million tons…

The St. Lawrence Seaway Management Corporation (SLSMC) is pleased to announce the appointment of Mr. James (Jim) Wilson to its Board for a three year term beginning January 27, 2012, as the representative for the steel and iron ore industries. Mr. Wilson currently serves as General Manager, Raw Materials, for ArcelorMittal Dofasco Inc. and has over 40 years’ experience within the iron ore and steel industries, spanning roles in research, production, and purchasing. A graduate of McMaster University, his career encompasses a diverse range of progressively more senior assignments. He has served as a Director and President of Wabush Resources Inc. and as a Director for both the Arnaud Railway and the Wabush Lake Railway. Mr.

U.S.-flag Great Lakes freighters carried 10 million tons of dry-bulk cargo in June, an increase of 5.2 percent compared to May, but a decrease of 3.3 percent compared to a year ago. The June “float” was also 3.9 percent below the month’s 5-year average. Iron ore cargos for the steel industry have increased by 12.2 percent over the past year. Coal for power generation and steel production fell by 25.3 percent. Aggregate and fluxstone for the construction and steel industries slipped by 7.2 percent. Through June, U.S.-flag cargos stand at 33.7 million tons, an increase of 2.4 percent compared to the same point in 2010. Iron ore has increased 7.6 percent, but coal and limestone are down by 2.8 percent and 4.9 percent respectively.

When the 1,000-ft-long Great Lakes freighter Edwin H. Gott arrived at Bay Shipbuilding Company in Sturgeon Bay, Wisconsin, it marked the beginning of the busiest time of year for Great Lakes shipyards. This project and other annual winter maintenance work on U.S.-flag Great Lakes ships will provide jobs for more than 1,200 men and women at U.S. shipyards around the Great Lakes. The Gott, one of the largest U.S.-flag vessels working the Great Lakes, is having new engines installed this winter that will increase its fuel efficiency and significantly reduce its air emissions. The vessel, built in Sturgeon Bay in 1978, carries iron ore from the Twin Ports of Duluth…

FLIR Systems, Inc (NASDAQ: FLIR) announced that John W. Wood, Jr. has been elected to the Board of Directors for a term expiring at the Company's 2010 Annual Meeting of Shareholders. Mr. Wood has also been appointed to serve on the Corporate Governance Committee of the Board of Directors. Mr. Wood served as chief executive officer of Analogic Corporation, a leading designer and manufacturer of medical imaging and security systems, from 2003 to 2006, and is currently a consultant. Prior to joining Analogic, he held senior executive positions over a 22-year career at Thermo Electron Corporation. He served as president of Peek Ltd., a division of Thermo Electron Corporation, and as a senior vice president of the parent company.

Since 9-11 all facets of the media have combined to focus national policy makers, in and out of government, along with the general public on the asymmetric terrorist threat facing the United States and its global trading partners. Lengthy newspaper articles or Op-ed pieces, documentaries on television such as The Learning Channel and the Discovery Channel, along with talk radio banter have spotlighted multiple areas of concern. These have included airplanes, tanker trucks, critical infrastructure and the country's bustling seaports such as New York and Los Angles. The maritime nexus in particular has received a lot of attention as over 90 percent of the nation's commerce travels by water.

The European Union has told China that it will face a growing threat of trade penalties unless it curbs breakneck capacity expansion in steel and shipbuilding, EU diplomats said on Tuesday. The diplomats said EU Industry Commissioner Guenter Verheugen had delivered the warning during a round of high-level meetings in Beijing. They said feelings were running high over the two sectors because steel was an important industry in nearly all of the EU's 27 member states and because the EU's own shipbuilding industry had just been through a painful round of consolidation. An EU spokesman in Beijing, Michael Jennings, said later that Verheugen strongly distanced himself from any suggestion that the EU was close to initiating any measures on steel or shipbuilding.

Established in 1983 to provide timely, cost effective hydraulic remanufacturing services to the pulp and paper, marine, offshore and steel industries, Offshore Inland Services has dominated this niche. To extend its expertise within the oceangoing marine and offshore industry, the company formed a second group to provide a more concentrated focus. A turnkey service provider, Offshore Inland Marine & Oilfield Services is known throughout the industry for providing quick turnaround while maintaining high quality and controlled costs. The company has often been referred to as the "shipyard on wheels," as it is willing to meet its customer’s needs, wherever those needs may be, oftentimes dispatching crews of 10-15 workers to locales near and far.

The B&N Nordsjöfrakt shipping group signed an agreement withv the Chinese trading house Xiamen C&D and the Mawei Shipyard covering the delivery of a new vessels for shipments for the forestry and steel industries. The ship will be placed in traffic in the North Atlantic. The new vessel is of the same type as B&N's Norön ship, which was delivered by the same shipyard earlier this year. Delivery is scheduled for the first quarter of 2003. B&N holds an option for an additional ship.