Mike Hooks Orders New Dredge at MPW
Mike Hooks, LLC has signed a deal with Mobile, Ala. fabricator Mobile Pulley Works (MPW) to design and build a new 27-inch cutter suction dredge (CSD).The new CSD Lorraine Hooks is being designed to the latest industry standards to maximize safety, comfort, and efficiency. The dredge will house on-board crew accommodations to provide comfort and convenience for personnel while they are onboard. The new accommodations and lever control room will be constructed on vibration mounts to reduce fatigue caused by harmonic vibrations and noise levels.
POSCO Plans Port Plant at Indiana-Jeffersonville
POSCO, a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world, has announced plans to build a wire rod processing center at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018. POSCO is South Korea's fourth largest company, behind Samsung Electronics, SK Holdings and Hyundai Motors, and is ranked No. 162 in Fortune's Global 500. "Although we are located on different continents, South Korea and Indiana both share a reputation of excellence when it comes to advanced manufacturing," said Governor Mike Pence. "Having a globally-focused company like POSCO select Indiana to grow its business is a strong endorsement of our state's low-costā¦
Jeffersonville Port Sets Quarterly Shipping Record
The Port of Indiana-Jeffersonville recorded the highest quarterly shipments in its 30-year history during the first quarter of 2015. Cargo volume exceeded 800,000 tons, up 10 percent from the previous record set in the first quarter of 2014. First quarter volumes of grain remained steady while steel cargoes more than doubled and fertilizer shipments were up nearly 30 percent from the record year-ago quarter, including a 70 percent increase in potash used in fertilizers. "The strong start to 2015 is testimony to this port's connection to international markets and the diverse portfolio of companies which are leaders in their respective business categories," said Port Director Scott Stewart.
Mack Manufacturing Self-Contained Scrap Handlers
Mack Manufacturing developed the original five-tine orange peel grab to help scrap handlers and steel processors to hold and retain larger loads more efficiently. Specifically designed for electric overhead cranes moving scrap in steel mills, the OPSISCH-350-5 grapple is a completely self-contained electric drive unit, ready for operation with a large 3.5 yard capacity. The grappleās heat-treated alloy steel construction combines light weight for high efficiency and lift capacity with rugged strength, including heat-treated steel pins and shafts sized to ensure maximum service life.
NEWS:U.S.-Flag Carriage Down Again In 2002
U.S.-flag Great Lakes vessels hauled 101.3 million tons of cargo in 2002, a slight decrease compared to 2001. Even the one gain - 1.2 million tons of iron ore - is misleading. During 2001, LTV Steel, the nation's third largest producer, was continually reducing its iron ore requirements as it limped toward bankruptcy and then closure. ISG relit those blast furnaces in mid 2002, so the upturn reflects a resumption of production at those facilities in Ohio and Indiana. In reality, the 48.2 million tons of iron ore moved in U.S. bottoms in 2002 represent a decrease of 24 percent compared to 1997. It was in that year that foreign steelmakers, facing contracting markets in Asia, began dumping their excess production in the United States.
