Steel Products News

08 Jul 2020

Corps Continues Legacy of Dredging at Port of Alaska

The Westport, a red and white hopper dredge operated by Manson Construction, dredges near the Port of Alaska on April 3, 2019. From May 1 to Nov. 1 each year, the U.S. Army Corps of Engineers removes built-up sediment from the seafloor near the Port of Alaska to maintain shipping channels and dock access. An estimated 50 percent of all goods entering Alaska come through this port. (Photo: U.S. Army)

All summer long, a crimson and white boat moves back and forth through the waters near the Port of Alaska collecting silt, sand and gravel off the seafloor to allow vessels to navigate the harbor in Anchorage. The boat is a dredging vessel called the Westport, operated by Manson Construction of Seattle, Wash., which the U.S. Army Corps of Engineers – Alaska District contracted to maintain the mooring areas for the past three years.An estimated 2,400 to 2,600 cargo containers arrive…

07 May 2020

China's Iron Ore Imports Jump in April

© masterskuz55 / Adobe Stock

China's iron ore imports in April rose 11.4% from a month earlier on robust demand from steelmakers, as downstream sectors started to emerge from lockdowns to contain the coronavirus epidemic.Arrivals of the steelmaking ingredient were 95.71 million tonnes last month, data released on Thursday by the General Administration of Customs showed.That compares with imports of 85.91 million tonnes in March and 80.77 million tonnes a year earlier, when shipments from Brazil's top miner Vale SA were disrupted after a tailings dam disaster.In the first four months of 2020…

17 Apr 2020

Retreating Chinese Steel Stockpiles a Positive for Iron Ore Demand -EastGate

(Credit: EastGate)

Chinese steel stockpiles reached record highs amid the coronavirus outbreak, but are now steadily easing. This paints the picture of an increased construction activity and a growing seaborne demand for the key dry bulk commodity of iron ore, says EastGate Shipping Inc. Demand returning to normal levelsSteel inventories in China have been showing a steady downward trend following the all-time highs recorded in mid-March. The virus crisis triggered a nationwide lockdown halting most manufacturing and industrial activities. Subsequently, demand for steel products was negatively affected.

12 Mar 2020

Baltic Index Edges Up On Stronger Rates

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index rose on Thursday, helped by higher rates for capesize and supramax vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 2 points, or 0.3%, to 633 - its highest level since Jan. 21.The capesize index fell 5 points to -355.However, average daily earnings for capesizes, which typically transport 170,000 tonne-180,000-tonne cargoes including iron ore and coal, rose by $122 to $2…

12 Mar 2020

Kawasaki Delivers Newbuild Market Cooper

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the bulk carrier Market Cooper to an unnamed shipowner.The 61,000DWT vessel was built jointly by Kawasaki and China COSCO Shipping Corporation at Nantong COSCO KHI Ship Engineering (NACKS) which is located in Nantong City, China.Market Cooper has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products, said the company.Four 30-ton deck cranes…

09 Mar 2020

AAL Kembla's Maiden Call at Hamburg Port

The heavy lift vessel AAL Kembia docked for the first time at Terminal C. Steinweg (South-West Terminal) in Hamburg. © HHM / Hasenpusch

Port of Hamburg welcomed the ‘AAL Kembla’ on her first call in Germany’s largest universal port. She berthed at C. Steinweg’s multi-purpose Süd-West-Terminal.AAL Shipping is deploying the heavy-lift/project cargo ship on its new monthly liner service connecting ports in Europe, the Middle East, India and Asia. The service is overseen by AAL’s Hamburg office, opened in 2012, which also offers tailormade tramp chartering shipping to all regions in the world. Built in 2011, the ‘AAL Kembla’ is one of the carrier’s second generation A-class multi-purpose, heavy-lift vessels.

16 Jan 2020

Kawasaki Delivers Newbuild Bulker

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries  (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China and operated jointly with China Cosco Shipping Corporation Limited.According to a press release from KHI, The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel…

06 Jan 2020

KHI Delivers Bulk Carrier Amis Treasure

Image: Kawasaki Heavy Industries Ltd.

Japanese shipbuilder Kawasaki Heavy Industries Ltd. announced that it delivered the bulk carrier Amis Treasure, with a capacity of 61,000 DWT  for Trobrian Wisdom SA.The delivery happened at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), which is located in Dalian City, China and operated jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping).The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.

26 Nov 2019

Kawasaki Delivers Bulker to Wisdom Marine

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries Ltd (KHI)  has delivered the bulk carrier Amis Star, with a capacity of 61,000 DWT for Wisdom Marine Lines.Amis Star has overall  length of 199.90 m, molded breadth 32.24 m and  molded depth 18.60 m.The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.Four 30-ton deck cranes are installed along the center in between the hatch covers to enable…

21 Nov 2019

Swiss Chide EU Over Steel Import Curbs

© Henry / Adobe Stock

Switzerland criticized on Thursday measures the European Union has adopted to curb steel imports amid a global trade spat, saying they harmed the Swiss steel industry.The European Commission last month revised safeguard measures introduced in July 2018 and decided to reduce the annual increase in quota volumes, the government said in a summary of talks on the status of a bilateral free trade deal. "These changes threaten to further restrict bilateral steel trade between Switzerland and the EU and harm the Swiss steel industry…

29 Oct 2019

KHI Delivers Bulk Carrier Gramos

Pic: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries Ltd. (KHI) has delivered a 61,000 dwt bulk carrier newbuild, Gramos, to Gramos Navigation, in China.The delivery of the Ultramax took place at the Nantong COSCO KHI Ship Engineering (NACKS) on October 29, 2019, said a release from KHI.NAKCS is located in Nantong City, China and operated jointly by China COSCO Shipping and KHI.The vessel incorporates various energy saving technologies, which reduce both fuel consumption and emission of carbon dioxide (CO2)…

17 Oct 2019

DACKS Delivers Bulk Carrier FJM Glory

 Image: Kawasaki Heavy Industries, Ltd.

Panama-based Stiringaster Line has taken delivery of FJM Glory, a 61,000 dwt bulk carrier newbuilding.The delivery ceremony took place in China at the Dalian COSCO KHI Ship Engineering (DACKS) shipyard, jointly operated by Kawasaki Heavy Industries (KHI) and China COSCO Shipping.The 77,539 cbm vessel features a length of 199.9 meters, a width of 32.24 meters and can accommodate 25 people.The ship has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.

02 Sep 2019

Turkish Steel Giant in Logistics Pact with MOL

From left: TOSYALI Chairman Fuat Tosyali, Turkish Ambassador to Japan, H.E. Dr. Hasan Murat Mercan, MOL President & CEO, Junichiro Ikeda. Photo: MOL

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has signed a memorandum of agreement with Turkish steel producer Tosyali Holding A.S.A joint press release said that the agreement is to begin the research toward a strategic partnership, and in this respect signed a memorandum of agreement in the presence of Dr. Hasan Murat Mercan, Turkish Ambassador to Japan, at the Turkish Embassy in Tokyo on August 30.The companies will study the possibility of a partnership in the transport of raw materials and steel products in Tosyalı's production networks in Turkey and overseas…

17 Jul 2019

Peru’s 1st Digital Customer Platform Readies

Pic: APM Terminals

APM Terminals has become the first Peruvian port to introduce a customer platform that logs, streamlines and coordinate General Cargo operations in the port of Callao.During the pilot phase, the platform, which was developed together with maritime and customs agents, enabled users to complete transactions 67% faster and operations were completed 12% faster.APM Terminals Callao invested nearly USD 1 million in the implementation of MOST, a new state-of-the-art platform that can be used by maritime agents…

28 Jun 2019

Tsuneishi Wins First Order for TESS42

Pic:  Tsuneishi Shipbuilding Co

Tsuneishi Shipbuilding Co, ship repair and manufacturing company in Japan, has received its first order from a shipowner in Japan for several 42,000-metric-ton log and bulk carriers Tsuneishi Economical Standard Ship (TESS) 42.The newly developed TESS42 follows the design concept of the TESS38 while improving transportation efficiency, with deadweight capacity increased by approximately 2,000 tons with the same draft and by approximately 4,000 tons at full load."With growing demand for cargo transport due to economic growth in Asia…

29 May 2019

WFW Advises Star Bulk on Vessels Acquisition

Image: Star Bulk Carriers Corp.

Watson Farley & Williams (WFW), an international law firm based in London, has advised NASDAQ listed Star Bulk Carriers Corp on the acquisition of 11 dry bulk vessels from Delphin Shipping LLC in a shares and cash transaction.Under the terms of the acquisition, the vessels that were built by Jiangsu Hantong between 2012 and 2014 will be acquired for an aggregate purchase price of US$139.5m, payable in the form of US$80m in cash and 4.503 million common shares of Star Bulk.If concluded…

04 Apr 2019

Swedish Bank to Finance Star Bulk

Pic: Star Bulk Carriers

Swedish financial group Skandinaviska Enskilda Banken AB (SEB) is providing US$71.42m term facility to Star Bulk Carriers for the refinancing of two Newcastlemax-size bulk carriers. Watson Farley & Williams (WFW) is the advisor for the deal.The London based international law firm said that the deal also involved partly financing the prospective capital expense for the retrofitting of the ships with scrubbers, ahead of the entry into force of the 2020 IMO regulations.The two ships…

18 Mar 2019

Kawasaki Delivers Bulk Carrier Divinegate

Image: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries (HKI)announced that it delivered the bulk carrier Divinegate for Indigo Marine Shipping at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS).According to a release, the bulk carrier has a capacity of 61,000 DWT and 199.90 meter length. Its gross tonnage is 34,508. Its main engine is one set of MAN B&W 6S50ME-B9.3-TII diesel engine with maximum continuous output: 8,130 kW at 108 rpm.Dalian COSCO KHI Ship Engineering Co is located in Dalian City…

05 Nov 2018

WFW Advises DNB on USD310m Loan to Star Bulk Carriers

Pic: Star Bulk Carriers Corp

International law firm Watson Farley & Williams (WFW) advised Norway’s DNB Bank ASA (DNB), as facility agent and security agent for a syndicate of banks comprising itself, ABN AMRO Bank N.V., BNP Paribas, Danish Ship Finance and Skandinaviska Enskilda Banken AB, in relation to a US$310m loan facility provided to Star Bulk Carriers Corp.Secured on 26 vessels in Star Bulk’s fleet, the facility consists of two tranches: (a) a first tranche of US$240m used to refinance Star Bulk’s debt under five existing facility agreements…

22 Oct 2018

Mexico Hopes to Reach Deal on Steel with US, Canada Soon

© panmaule / Adobe Stock

Mexican Deputy Economy Minister Rogelio Garza said on Monday that the government was very confident that it would soon reach a deal with the United States and Canada over steel tariffs.The administration of U.S. President Donald Trump imposed tariffs on steel imports in June, citing national security reasons. Canada followed with tariffs on a range of steel products earlier this month.Reporting by Sharay Angulo; writing by Julia Love

10 Oct 2018

Star Bulk Carriers Adds MV Star Bright to its Fleet

ER Brighton. Photo © Giorgos Tsampazis/Marinetraffic.com

Athens, Greece-based Star Bulk Carriers Corp took delivery of the first of the three firm dry bulk vessels, the ER Brighton, renamed to Star Bright, from an entity affiliated with E.R. Capital Holding GmbH & Cie. KG.The global shipping company focusing on the transportation of dry bulk cargoes announced that, the delivery is in pursuant to the previously announced transaction of August 28, 2018. The Vessel was acquired for a combination of cash and shares. Following this delivery…

25 Jan 2019

Stable Year for Marseille Fos Port

Image: Port of Marseille Fos - Marseille Fos Port Authority

French cargo and cruise port Marseille Fos had a relatively stable year in 2018 with traffic of more than 81 million tonnes, up 1%.The performances included a seventh consecutive year of growth in container traffic, which rose 2% for 1.4 million teu, and a 12% increase in dry bulks at 15.2MT. Meanwhile cruise numbers leapt 15% to 1.7 million passengers.Infrastructure development and maintenance spending of €60 million featured further logistics park expansion. Alongside this, agreements were reached on major industrial implantations.

12 Mar 2019

Fincantieri Begins Genoa Bridge Construction

Image: Fincantieri

The inauguration ceremony of the Fincantieri Infrastructure production plant took place today in Valeggio sul Mincio (Verona) in the presence of the Italian Prime Minister Giuseppe Conte.The first steel for the construction of the new Genoa bridge was also cut on the occasion.Fincantieri Infrastructure, incorporated two years ago, is the company through which Fincantieri operates in the field of infrastructures.Specialized in the design, fabrication and installation of steel structures for complex projects…

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