China to Cut Steel Capacity by 2025
China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that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.
Japan Reserves Right to Take Counter-Measures Against U.S. Steel Tariffs
Japan has notified the World Trade Organisation that it reserves the right to take counter-measures against U.S. tariffs on steel and aluminium imports, the foreign ministry said on Friday.Japan is the only major U.S. ally that did not receive exemptions from U.S. President Donald Trump's decision in March to set import tariffs of 25 percent on steel and 10 percent for aluminium.But it had previously refrained from following in the footsteps of China and the European Union, which responded to the U.S.
China and Shifting Seaborne Iron Ore Dynamics
The seaborne iron ore market appears to be in something of a sweet spot currently, with largely steady demand and prices that have been flatlining for the past couple of months. Of course, another way of saying that a market is enjoying relatively stable and good times is that it's boring, but in iron ore there is plenty of action bubbling beneath the seemingly calm exterior. It's not so much that iron ore prices or volumes are expected to shift dramatically in the coming months, it's more that structural changes in the world's biggest importer, China, are re-shaping how the industry works.
India Takes U.S. Steel Tariffs Complaint to the WTO
India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization showed on Wednesday.Indian officials told Reuters last month that their government would open a WTO dispute if the country's firms were not granted an exemption.Trump imposed the tariffs in March, levying 25 percent on steel imports and 10 percent on aluminium. He said they were justified by national security concerns and therefore outside the WTO's remit.India…
Grand Bahama Shipyard Stayed Busy in 2016
The Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) worked on 49 commercial vessels and 20 cruise ships throughout 2016, with scope of works ranging from major steel fabrication and repairs, to engine and technical systems overhauls, hull treatment and tank cleanings. And looking to 2017 and beyond, the yard reports it has a healthy order book, with docking periods secured as far ahead as three years. VShips USA brought two bulk carriers, CSL Acadian and CSL Argosy, to GBSL to do tank cleaning on both vessels. CSL Acadian also received extensive pipe work.
Detyens Wins Medgar Evers Overhaul Contract
Detyens Shipyards Inc. said it was awarded a $13.6 million firm-fixed-price contract for a 60-calendar day shipyard availability for the regular overhaul and dry-docking of U.S. Navy’ Military Sealift Command (MSC) cargo ship USNS Medgar Evers (T-AKE 13). According to the shipyard, work will include clean and gas-free tanks, voids, cofferdams and spaces, deckhouse preservation, main generator maintenance and cleaning, high-voltage switchboard and emergency switchboard cleaning…
U.S. Allies Facing Steel Import Quotas Could Be Worse Off
U.S. government moves to negotiate steel import quotas with its allies in exchange for tariff exemptions could leave them worse off than countries who have to pay the levy.Washington set tariffs of 25 percent on U.S. steel imports in March, but has since granted the European Union, Canada and Mexico temporary exemptions until June 1.It has also agreed permanent exemptions for Brazil, Australia, Argentina and South Korea in return for quotas.South Korea, for example, agreed to quotas restricting its steel sales to the United States by 30 percent…
Hyper-Accelerated Corrosion Found In Doomed Tanker
Investigators hoping to find the cause of why an assumed healthy ship developed a near fatal deckplate crack - an incident which led to a 39-day saga which will serve as an impetus for change in the rules of the way ships in distress are handled - have issued a preliminary report. Following an exhaustive inspection and analysis of the damaged product tanker Castor, the Cyprus Department of Merchant Shipping and ABS have jointly announced preliminary findings that point to hyper-accelerated corrosion as the probable principal cause behind the structural failure. "The Castor has become a floating laboratory which is providing us with some surprising findings," said ABS Chairman and CEO Frank J. Iarossi.
Ship Repair & Conversion Report
Subsequent to the departure of Holland America's Statendam in April, Cascade General took in Crystal Cruises' Crystal Harmony for a 10-day stopover in May. The 10-year-old ship underwent maintenance and overhaul work below its waterline, extensive interior remodeling and steel replacement for pool areas on Deck 11. With maximization of work in mind, Cascade normally sends advanced crews to join cruise ships on their way to the yard's Portland, Ore. locale. This time though, the first mobile crew met the ship in Los Angeles, where work commenced immediately on an overhaul of one of Harmony's auxiliary boilers. A second team was then summoned to San Francisco to clean ballast tanks before undertaking structural repairs and preservation work. easuring 790 ft.
Vigor Wins $10.3M Navy Repair Deal
Vigor Marine LLC, Portland, Oregon, is being awarded a $10,268,877 firm-fixed-price contract for a 45-calendar day shipyard availability for the regular overhaul and dry docking of USNS Matthew Perry (T-AKE 9). Work will include clean and gas-free tanks, voids, cofferdams and spaces, deckhouse preservation, main generator maintenance and cleaning, high voltage switchboard and emergency switchboard cleaning, shell and deck steel replacement, dry-docking and undocking, propeller shaft and stern tube inspect, forward and aft stern tube seal inspection and overhaul, underwater hull cleaning and painting, freeboard cleaning and painting, sea valve replacements, renew flight deck nonskid, and reverse osmosis unit sea-chest installation.
Global Shiprepair Market Faces Further Consolidation, Competition
For those convinced that the latest round of corporate consolidations is the last, think again. According to a new report from Drewry, the announcement by Keppel and Hitachi to further amalgamate the shiprepair industry in Singapore is the latest indication of a changing market structure through increased consolidation, diversification and an increased competitiveness from low cost emerging nations. The intense competition prevalent within the industry is exemplified by the announcement of the two giant Singapore based conglomerates Keppel Corp. and Hitachi Zosen to merge their shiprepair and building activities in a $165-million deal…
Zentech to Perform ZAIMS Work on Brazilian Aircraft Carrier
Zentech’s President Ramesh Maini announced that the company has been awarded a contract to perform an inspection and evaluation of the hull steel for the Naval Aircraft Carrier São Paulo, as part of the Brazilian Navy’s upgrade of this flagship vessel. Zentech will perform the work using the patented methodology of its ZAIMS (Zentech’s Asset Integrity Management Solution) system to assist the Brazilian Navy in assessing the sea-worthiness of the vessel’s hull. The initial work involves corrosion inspection…
Castor's Downfall: Hyper-Accelerated Corrosion
Few marine incidents have vexed the collective international marine community as much as the recent situation with the damaged product tanker Castor, a ship, which experienced a near fatal deckplate crack in mid-voyage and then was denied safe harbor for fear of the ship splitting open and spewing its gasoline cargo. Though the ship was eventually docked safely without environmental incident, the name Castor will serve as a lightning rod in the IMO to more firmly establish rules and procedures for ships in distress at sea. As the political wrangling and finger pointing start to subside, attention is now turned on the ship itself, and more accurately finding out the reason that an assumed healthy ship developed a near fatal deckplate crack.
Coatings: Metal Fusion Helps Stop Corrosion
New advances in metal fusion technology produce a metalized coating with no porosity, which can be applied at rates similar to those achieved by airless painting practices. The substrate temperature does not affect the process, and there is no curing time. The competitive process results in extremely long term near permanent corrosion protection, which is designed to be competitive in price with conventional corrosion systems. High speed metalizing of a variety of substrates can be accomplished rapidly under harsh field conditions. As there is no cure time required for the process, which can be used to apply up to 35 mils with only one coat, the application time is often much reduced from a conventional corrosion prevention system.
Feature: Real Repair
It is no secret that the overwhelming number of marine repair jobs at the nation's shipyards involves regulatory inspections. For example, the 150-ft. supply boat Mary R. Martin was in at Allied Shipyard, Larose, La. in mid-July for ABS and Coast Guard inspection and the change out of a few seals. The boat was dry docked for the inspections and minor repair work, her hull blasted and painted and after a few topside repairs in the slip and more paint work she was back at work. That type of "shave and a haircut" work is typical at Allied and other repair yards, but they are capable of much more complex work that literally extends the life of a vessel by many years. Earlier this year Allied finished a complete work over of the 195-ft. by 40-ft. supply boat Ms.
Grand Bahama Shipyard Appoints UK Representative
Grand Bahama Shipyard and L&R Midland (UK) Ltd have signed an exclusive agency agreement covering the U.K. markets effective June 1, 2017. Caribbean shipyard Grand Bahama Shipyard (GBS) has engaged L&R Midland (UK) as its representative in the U.K. in what is expected to be an increasingly busy period due to approaching new International Maritime Organization (IMO) regulations that will require ballast water treatment systems (BWTS) and exhaust gas cleaning systems (EGCS) retrofits.
Mobile Yard Stays Busy With Offshore Work
Even before the September 11 terrorist attacks in New York City and Washington, D.C., the offshore market in the Gulf of Mexico had shown signs of weakening. However one shipyard - Atlantic Marine-Mobile - has reported a steady flow of work with the award of several, substantial offshore refurbishment contracts in recent months. The shipyard in Mobile has a long history with the offshore market, but it notes that 2001 has been particularly busy. Semi-submersible and jack-up rigs have occupied the Mobile, Alabama facility throughout 2001. The influx of offshore work includes the following. ENSCO International's jack-up rig ENSCO 68, arrived in Mobile in late March.
Mobile Yard Stays Busy With Offshore Work
Even before the September 11 terrorist attacks in New York City and Washington, D.C., the offshore market in the Gulf of Mexico had shown signs of weakening. However one shipyard — Atlantic Marine-Mobile — has reported a steady flow of work with the award of several, substantial offshore refurbishment contracts in recent months. The shipyard in Mobile has a long history with the offshore market, but it notes that 2001 has been particularly busy. Semi-submersible and jack-up rigs have occupied the Mobile, Alabama facility throughout 2001. The influx of offshore work includes the following. ENSCO International's jack-up rig ENSCO 68, arrived in Mobile in late March.
Grand Bahama Shipyard Reports Commercial Success
Caribbean shipyard Grand Bahama Shipyard (GBS) said it has completed work on 30 commercial vessels within first half of 2017, predominantly comprised of companies returning to the yard with repeat business including tankers, bulk carriers, containerships, tugs, dive support vessels and drilling support vessels. In what is considered a volatile market, GBS said 2017 has been a great year for repeat customers, solidifying its position as a supporter of the major U.S. East Coast…
BC Ferries Vessel Ready After Upgrade
BC Ferries' Queen of Surrey returns to service today on the Langdale – Horseshoe Bay route following a $40m extensive upgrade. The vessel’s extensive upgrade included mechanical and safety improvements, as well as upgraded passenger amenities. This mid-life upgrade which took almost seven months to complete, will prepare the 25-year old vessel for another 20 years of service. Some of the major project work included, main engine and shaft upgrades, steel replacement, electrical upgrades, installation of new emergency evacuation equipment, modernization of service functions such as elevators, heating and ventilation and air conditioning systems.
Judgement Pronounced in Dispute
After a dispute lasting several years, a court in London has ordered Concordia Maritime to pay $3.6m to a subsidiary of the Halliburton group in the US. Concordia Maritime will also have to pay some interest compensation to the opposite party. The original claim of $11.5m was for compensation for repair and steel replacement work carried out by the buyer on the VLCC Stena Continent sold by a subsidiary of Concordia Maritime in 2000. A provision of $2.3mwas made in the annual accounts for 2005. In view of the judgement now pronounced, Concordia Maritime has lowered its forecast for 2006 from SEK 75 million to SEK 55 million. There is a possibility that either party may appeal the court’s ruling but no decisions on this have yet been made.
Harley Marine's Tier 2 Repower
As of January 2007 all new-built vessels for service in US waters are required to be powered with engines that meet the US Environmental Protection Agency's Tier 2 emission standards. It has been a significant engineering and logistics challenge for the nation?s engine manufacturers to meet these deadlines. Cummins Marine was able to meet the deadline and is shipping Tier 2 engines in the full horsepower range. Although Tier 2 is a requirement for all new vessels, at Olympic Tug and Barge the owners, Harley Marine Services, have shown leadership by installing a pair of Tier 2 compliant engines in their 1970-built tug Lela Joy. This will make her one of the most environmentally progressive vessels on the Pacific coast.
Dutch Shipyard Beats the Clock to Fix Dredger
Shipdock Harlingen repairs the 'Amazone', a De Boer Trailing Suction Hopper Dredger (TSHD) to meet owner's next contract deadlne. "Occasionally a project comes along that sticks in your memory as being truly exceptional”, says Michel Heerschop, project manager at Shipdock Harlingen, referrring to the contract awarded to Shipdock Harlingen by Sliedrecht-based dredging company De Boer for dry-dock work on its TSHD Amazone. The Amazone was scheduled for a special certification review this year and, additionally, there were many necessary maintenance jobs and modifications to be carried out.