Steel Plants News

China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing's commercial interests along the Suez Canal at risk.The Iran-backed Houthi militia from Yemen that seeks "Death to Israel" is challenging the ability of the world's biggest trading nation to defend billions in strategic investments in Egypt.Since President Abdel-Fattah el-Sisi came to power in 2014, China has stepped up its investment and commercial activities along Egypt's Suez Canal…

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that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.

Sagarmala, the ambitious program for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix. The flagship program by the Ministry of Shipping  will help in reducing the logistics cost for both domestic and EXIM cargo with optimized infrastructure investment. An overall cost savings of approximately $6 billion per annum by 2025 is estimated from the same. According to a study conducted under the Sagarmala programme, there lies a significant potential for moving raw materials and finished products using coastal shipping and inland waterways which is 60-80% cheaper than road or rail transport.

Post the taking over of Vishakhapatnam Port Trust’s (VPT's) Iron Ore Handling Complex (OHC) on a Build-Operate-Transfer (BOT) basis for a period of 30 years in May’ 15, Essar Vizag Terminals Limited (EVTL), a wholly owned subsidiary of Essar Ports Limited (EPL) has boosted the EPL’s strategy of diversifying its customer profile. Through addition of this facility EPL has seen its third party cargo share jump to more than 8% in FY 16 alone with the likes of JSW, NMDC/ MMTC etc. Once upgraded the mechanized system will be able to reach a capacity of 8000TPH, which will be one of the highest cargo-handling rate in Indian Major Ports. During QI FY 17…

Rebels pressed ahead with a referendum on self-rule in east Ukraine on Sunday and fighting flared anew in a conflict that has raised fears of civil war and pitched Russia and the West into their worst crisis since the Cold War. Clashes broke out around a television tower on the outskirts of the rebel stronghold of Slaviansk shortly before voters made their way to polling stations through streets blocked by barricades of felled trees, tyres and rusty machinery. "I wanted to come as early as I could," said Zhenya Denyesh, a 20-year-old student voting at a three-storey concrete university building. In nearby Mariupol, scene of fierce fighting last week, officials said there were only eight polling centres for half a million people.

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (-2%), mineral oil products (-14%) and other liquid bulk cargo (-14%) were transferred. On the positive side, iron ore and scrap (+5%), coal (+15%), agribulk (+69%), other dry bulk cargo (+13%), containers (+1%), roll on/roll off (+9%) and other mixed cargo (+9%) did better. CEO Allard Castelein of the Port of Rotterdam Authority said, “The falling tendency of the second half of 2013 continued initially, but thanks to a strong month in March, the throughput in the first three months nonetheless stayed almost the same.

Danilo Souza Baptista, OSX’s Director of Naval Construction, sat with MR Contributing Editor Claudio Paschoa at EBX Group’s new HQ in downtown Rio de Janeiro, in a meeting room overlooking Guanabara Bay with Sugar Loaf Mountain as a backdrop, to discuss its ambitious yet realistic vision to create one of the largest, most efficient shipyards in the Americas, as well as its Integrated Service Solution to the meet offshore O&G needs. OSX is a relatively new company, founded by the EBX Group in 2009. The EBX Group, is a holding composed of several companies active in different industries such as mining, oil & gas, logistics, real estate, among others.

Tata Steel today inaugurated its new £2 million offshore processing centre (OPC) at an event in Hartlepool attended by more than 40 leading business figures from the European renewable energy sector. Following a presentation at Hartlepool College of Further Education, guests were shown round the company’s new centre, a high-productivity processing facility that will produce welded tubular assemblies to be used in the fabrication of jacket foundations for offshore wind turbines. They also visited Tata Steel’s 42-inch tube mill, one of three tube mills located at the company’s Hartlepool site.

Brazilian steelmaker Gerdau plans 80 million ton-per-year iron ore port in Rio de Janeiro state Brazilian steelmaker Gerdau is planning to build its own port terminal at Sepetiba Bay near the company's Cosigua mill in Rio de Janeiro state, according to 'Business News Americas' The port terminal will be implemented in two phases and will be able to export 70Mt/y of iron ore and to receive 10Mt/y of mineral coal to meet the demand from the company's steel plants in Brazil's southeastern region Based in Porto Alegre, Gerdau is Latin America's largest steel producer and the biggest long steelmaker in the Americas. .

OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, announces to its shareholders and the market in general that: The Board of Directors of the Merchant Marine Fund (Fundo da Marinha Mercante - FMM) approved the prioritization of financial support for the Açu Shipbuilding Unit ("UCN Açu") project of OSX Construção Naval S.A., pursuant to the resolution published today in the Federal Official Gazette (Diário Oficial da União).

The Visakhapatnam Port Trust (VPT), which is continuing its supremacy over other ports in cargo handling, is attracting a large number of Panamax vessels after the first phase of deepening in Outer Harbour. The VPT, which was handling vessels with 195 metres LOA (length over all) and 10.21 m draft till recently, has attained the capability to handle Panamax vessels of 230 m LOA, 32.5 m beam and 0.7 m. draft with progress in completion of Inner Harbour deepening. The port is catering to Panamax vessels with 11 m draft. It will have night navigation for Suez max tankers calling at Outer Harbour shortly, once it is widened further. The VPT has undertaken work on augmenting its capacity by deepening the channels in the second half of 2005-06.

For many years the fortunes of the Great Lakes-based shipbuilders and naval architects was based solidly on the building level of the owners who were also based on the 94,000 sq. mi. of water that makes up the five Great Lakes. That is no longer as true a statement as it once was. While there are many projects in this area designed and build by Great Lakes firms for owners in the area, an impressive number of significant commercial market projects as varied as Staten Island, New York ferries and Gulf of Mexico crew/supply boats were designed and or built on the Great Lakes. The Kennedy Class of double ended auto/passenger ferries is one of the most recognizable images of New York City. Every weeknight millions of people see one during the opening of the David Letterman Show.