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Steel Service News

09 Jun 2020

Corvus ESS Chosen for Danish Ferry Newbuild

the new electric ferry, which is being build at Hvide Sande Shipyard in Denmark (Image: Corvus)

Danish shipyard Hvide Sande Shipyard, Steel & Service has selected Canadian-based Corvus Energy to supply the energy storage system (ESS) for a new fully electric ferry for Molslinjen, the largest domestic ferry company in Denmark.The new ferry, designed by JJohannesson Maritime Engineering and OSK-ShipTech, will be the second all-electric ferry in Denmark. Its 12-minute trip between Fanø and Esbjerg is very popular; last year the ferries in operation carried 1.8 million passengers in total.

24 Apr 2020

Clipper Bulk Cuts Staff amid 'Historically Low Freight Markets'

(Photo: Clipper Bulk)

Dry bulk operator Clipper Bulk announced it will reduce onshore staff in an effort to narrow costs amid historically low freight markets dragged down by the coronavirus pandemic.“The dry cargo market has struggled with unsustainably low freight rates for years, but the COVID-19 pandemic has made matters worse and caused a steep downturn in demand and freight rates. We need to adapt to this new reality, and we are making these changes to stay ahead of the situation,” said Clipper Group CEO Peter Norborg.The company said Thursday it will cut 24 out of 91 jobs ashore by the end of April…

07 May 2019

Clipper Bulk Axes 40 Staff

International dry bulk shipping company Clipper Group  has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives to strengthen its business platform amid continued weak markets.Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes to Senior Management as well as a more focused market approach, said a press release from the operator of Handysize and Supramax vessels.“We have been challenged by the steep, unexpected market downturn. Today, we are taking the steps required to run a viable, profitable dry bulk operation, even in depressed markets.

02 Feb 2015

Indiana Ports Set Cargo Record in 2014

The Ports of Indiana handled over 10.4 million tons of cargo in 2014, up nearly 26 percent from the previous year. This was the first time annual shipments exceeded 10 million tons in the port authority's 53-year history. The 2014 total was nearly 800,000 tons higher than the previous record set in 1994. Shipments of coal, agricultural products and steel helped drive significant increases in annual cargo volumes at the state's ports. Steel shipments more than doubled while grain shipments were up nearly 72 percent from 2013. Ethanol and dried distillers grains (DDGs) increased 54 percent and 51 percent, respectively, while salt shipments nearly tripled over the previous year.

26 Jan 2015

Port of Indiana-Jeffersonville Sets Shipping Record

The Port of Indiana-Jeffersonville handled over 2.4 million tons of cargo in 2014, up 48 percent from the previous year. This was the first time annual shipments exceeded two million tons in the port's 29-year history. The 2014 total was 464,000 tons higher than the previous record set in 2006. Another outstanding harvest in 2014 helped push grain tonnage to its highest volume ever breaking the previous record set in 1993. Steel and salt shipments also set all-time records, up 72 percent and 51 percent from 2013, respectively. For the year, the port handled approximately 1,300 barges, 197,000 trucks and 18,000 railcars. "These robust year-end numbers illustrate the impact our port companies have on the region's economy," said Ports of Indiana CEO Rich Cooper.

27 Aug 1999

January Steel Shipments Improve

Despite heavy snow pounding the midwest and other northern areas of the U.S. in January, the average daily shipping rate of steel service centers still jumped 12.5 percent above December's rate. Despite the gain, shipments are just off 1998's record-setting pace to start this year, but are tracking above the strong rate posted in 1997. According to the Business Conditions Report of the Steel Service Center Institute (SSCI), the largest jump was seen in stainless products, which rose 19.9 percent above the previous month's daily shipping rate. The other six product categories all posted increases, ranging from a modest 2.4 percent gain, to a 15.8 percent increase.

13 Feb 2002

Rautaruukki Steel = Quality and Profit

Rautaruukki Group of Finland is the largest steel company in Scandinavia with 13,000 employees and an approximate annual turnover of $2.7 billion. While this is, essentially, a small company among the consolidated behemoths of the steel industry, Rautaruukki comes up big in the important areas: quality and profit. Shipbuilding, stripped to its bare essence, starts and ends with steel. From the ceremonial “first cut” through its eventual evolution at the hands of breakers to razor blades, steel – as much as any other factor – directly determines if the multi-million, multi-year investment in a vessel is a profitable one. Ensuring the original quality and long-term care and integrity of the ship’s steel is central to every quality owner’s repair and maintenance plan.