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Tata Steel News

24 May 2023

Waypoints Projects Launches to Provide Project Support and Training Services

Thomas van Tol, founder and director of Waypoints Projects (Photo: Waypoints Projects)

A new maritime and industrial project management firm, Waypoints Projects, has officially launched. Founded by Thomas van Tol, Waypoints Projects offers expert project support and training for businesses before, during and after projects. Van Tol started his career as a project manager at Damen, and over the years rose to project director, heading up large projects worth over €100 million  and 100 of staff. In 2020, he co-founded The Synergy Partner, a maritime consultancy firm focused on maritime project management…

26 Jul 2022

First Foundations Installed at World's Largest Offshore Wind Farm

(Photo: SSE Renewables)

The first monopile and transition piece have been installed at the Dogger Bank Wind Farm in the U.K. North Sea, marking a key milestone for the construction of the world's largest offshore wind farm.The foundations, designed by Wood Thilsted, are up to 72m in length, weigh on average 1057 tonnes and include the world’s largest 8m offshore wind flange. The design includes the world’s first split-level transition piece for safe installation and operation, with installation works being led by Seaway 7 with support from DEME.Paul Cooley…

13 Jan 2022

EU Blocks Korean Shipbuilding Merger

(Photo: DSME)

Hyundai Heavy Industries' proposed takeover of rival Daewoo Shipbuilding & Marine Engineering Co Ltd to create the world's biggest shipbuilder was hit with an EU veto on Thursday on concerns that the deal would hurt competition.Hyundai, one of the largest shipbuilders in the world, announced the deal in 2019 in part to tackle overcapacity in the sector.The shipyard, which sought EU antitrust approval for the takeover in November 2019, said it may challenge the EU prohibition and…

13 Dec 2021

Hyundai, Daewoo Tie-up Faces EU Antitrust Veto

(Photo: Hyundai Heavy Industries)

South Korean shipbuilder Hyundai Heavy Industries' proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto after the companies declined to offer remedies to allay competition concerns, people familiar with the matter said.Hyundai, one of the largest shipbuilders in the world and which had announced the deal in 2019 in part due to overcapacity in the sector, said on Friday it expected unconditional European Commission clearance for the deal.That is unlikely after an informal offer of remedies…

22 Nov 2021

NYK Bulk Carrier Completes Another Run on Biofuel

Image courtesy NYK

NYK conducts third successful biofuel trial on ship carrying Tata Steel cargoThe bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited, the major steel manufacturer in India. According to the company, this is the third successful trial use of biofuel by an NYK vessel.In this test voyage, the vessel was fueled with biofuel by Toyota Tsusho Petroleum Pte. Ltd. at the port of Singapore on November 14 and a test voyage was conducted on a route to the port of Dhamra, India.

25 Aug 2021

MOL, Tata Steel to Develop Environmentally Friendly Bulk Carrier

Credit: MOL (File Photo)

Japanese shipping giant Mitsui O.S.K. Lines (MOL) and its dry bulk subsidiary MOL Drybulk have signed a memorandum of understanding with steelmaker Tata Steel to develop and deploy an environmentally friendly bulk carrier.MOL will partner with Tata Steel on this innovative project to reduce greenhouse gas emissions in its supply chain.Peeyush Gupta, Vice President, Supply Chain, Tata Steel, said: "The objective of the agreement is to reduce greenhouse gas (GHG) emissions in the ocean transportation of raw materials for production of steel.

13 Oct 2020

Van Oord to Remove Silt from Averijhaven to Make Room for Energy Port

Credit: Van Oord

Dutch marine and offshore services contractor Van Oord has won a contract to design and carry out the removal of silt from the Averijhaven depot in IJmuiden, The Netherlands, creating space for what will eventually become an energy port for offshore wind.Van Oord won the 1,5-year contract worth 18 million euros (USD 21 million) from Rijkswaterstaat, the executive agency of the Dutch Ministry of Infrastructure and Water Management.After the removal of the contaminated silt, the area will be developed into an energy port.

31 Aug 2020

Chinese Buyers Snap up Indian Steel in Face of Trade Tensions

© Andrey/AdobeStock

India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income.It was unclear whether the sales broke any trade rules, but the China Iron and Steel Association…

18 May 2020

Thyssenkrupp Seeks Partners for Steel, Warship Units

© p. nowack / Adobe Stock

Thyssenkrupp on Monday said it was looking for partners for its steel and warship divisions, singling out just three lines of businesses that will stay within the struggling German industrial icon.Hoping to stop the bleeding of cash and restore investor confidence, the group also pooled businesses worth 6 billion euros ($6.6 billion) of sales and employing 20,000, about 13% of total staff, that are either to be sold or shut down."With this reassessment of the portfolio, we have taken some difficult decisions that were long overdue and will now implement them systematically…

25 Sep 2019

Worker Dies in Incident at Tata Steel Site in South Wales

A worker died in an incident at the Tata Steel site at Port Talbot in South Wales on Wednesday, police and the company said."We have to report the sad news that a contractor colleague working at our Port Talbot site has died following an incident on the site today," Tata Steel Europe said on Twitter."Our thoughts are with his family and friends. A full investigation has been launched."South Wales Police said they had been called to the site shortly after 2 p.m, describing it as an isolated incident.We are now liaising with the Health and Safety Executive," they added.Neither Tata nor the police gave any details of what had happened.(Reporting by Michael Holden; editing by Stephen Addison)

20 Mar 2019

Amsterdam Port Pushes Intermodal

The shipping companies and terminals in and around Amsterdam port are launching a range of initiatives for using rail more extensively for the transport of cargo, including containers and liquid bulk cargo.Recently Port of Amsterdam organised a rail freight transport breakfast session for clients and stakeholders who have an interest in rail freight transport. This is because the accessibility of rail freight transport in the Amsterdam port area is not a given and faces a clear challenge through the intensification of passenger train travel.A delegation representing ProRail attended the session in order to give a presentation on the plans to expand the rail infrastructure…

28 Nov 2018

Xeneta Launches Monthly Container Shipping Index

Ocean freight rate benchmarking platform Xeneta unveiled public indices delivering monthly insights on long-term ocean freight rate development.Oslo-based ocean freight rate benchmarking and market intelligence company  is utilizing its database of over 85 million contracted freight rates to deliver a unique monthly snapshot of long-term rate developments in the container industry.The new Xeneta Shipping Index (XSI) Public Indices report, launching today, provides a detailed overview of the busiest global trade corridors, allowing users to gauge regional developments and track trends for key markets.In June this year Xeneta debuted the full version of the XSI index-linked contracting product.

19 Oct 2018

Port of Amsterdam to Build Europe’s Biggest Hydrogen Cluster

Nouryon (formerly AkzoNobel Specialty Chemicals), Tata Steel and the Port of Amsterdam have joined together to study the feasibility of a large green hydrogen cluster in the Amsterdam region.According to a press release, the three parties consider green hydrogen as vital for reaching climate targets and building a more circular economy, for example by combining it with emissions from steel manufacture to make new products.As a first step, the parties will study the feasibility of a 100 megawatt water electrolysis facility to produce up to 15,000 tons of hydrogen per year as well as oxygen at Tata Steel’s IJmuiden site, near Amsterdam.

13 Jul 2018

Thyssenkrupp Taps Kerkhoff as Interim CEO

Guido Kerkhoff (Photo: Thyssenkrupp)

Chief Financial Officer Guido Kerkhoff was named interim CEO of Thyssenkrupp on Friday and won the backing of the German industrial group's biggest shareholder, as the search began for a permanent replacement for Heinrich Hiesinger.Hiesinger quit last week after failing to win unanimous shareholder backing for a deal to create a steel venture with India's Tata Steel.Kerkhoff, 50, will run the company until the process of finding a Hiesinger's replacement is completed, Thyssenkrupp Chairman Ulrich Lehner said…

05 Jul 2018

Steel Trade: Thyssenkrupp Restructuring After Steel Deal

 Thyssenkrupp Chief Executive Heinrich Hiesinger. © thyssenkrupp AG

Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India's Tata Steel.The steel merger, which will create Europe's second largest steel business with annual sales of 17 billion euros ($19.8 billion), was finally sealed last weekend after two years of at times difficult talks.Seeking to manage expectations before a strategy presentation to the supervisory board next week…

02 Jul 2018

Thyssenkrupp Hails 'Fair' Tata Steel JV

Germany's Thyssenkrupp called a landmark joint venture thrashed out with India's Tata Steel "fair" on Monday, although the updated terms disappointed some shareholders.After two years of at times fraught talks, the two steel firms finally signed a deal on Saturday to create Europe's No.2 steelmaker with 17 billion euros ($20 billion) in sales, marking the sector's biggest tie-up in more than a decade.Thyssenkrupp boss Heinrich Hiesinger had come under pressure from activist shareholders Cevian and Elliott to seek a better deal, who argued that a recent weakness in Tata Steel's European business meant terms needed to be changed in Thyssen's favour.That resulting value gap…

27 Jun 2018

Xeneta Rolls-out Container Shipping Index

Xeneta, the leading ocean freight rate benchmarking and market intelligence platform, is launching a product offering that aims to transform the way shippers, freight forwarders and carriers conduct freight rate negotiations. The Oslo headquartered firm has created a new offering, Xeneta Shipping Index (XSI) that allows all parties to set rates at transparent, efficient and fair prices that directly follow market fluctuations. This ensures all stakeholders get the right price for their products and services, relationships are improved and complex, time-consuming negotiations become efficient. “After several years working closely with cargo buyers and sellers…

12 Feb 2018

Oldendorff Conducts Trial Transshipment in India

German shipping company Oldendorff Carriers has conducted a new transshipment operation of coal between two vessels, in the deep, protected water of the Andaman Islands within the Bay of Bengal, India. The Andaman Islands are an Indian archipelago in the Bay of Bengal. There are roughly 300 islands, which are known for their palm-lined, white-sand beaches, mangroves and tropical rainforests. However, it was the deep and protected water that attracted Oldendorff Carriers to the Andaman Islands. "Our geared panamax Trina Oldendorff (75,053 tdw built 2013) loaded 73,086 mt of coking coal from Gladstone, Australia and sailed to the Andaman Islands," a statement said.

07 Aug 2017

Liberty House Eyes ABG Shipyard

UK-based global metals and engineering firm controlled by billionaire Sanjeev Gupta Liberty House Group is planning to buy-out India's debt-laden ABG Shipyard. According to a report in the Business Standard, Liberty House has proposed a new business model to the National Company Law Tribunal (NCLT) as part of its acquisition plan of ABG Shipyard. The plan includes a ship breaking facility, along with the existing shipbuilding and repair space. The newspaper report quoted sources saying that the negotiations are on. There will be more clarity on the deal soon. ABG Shipyard is one of the 12 firms on the Reserve Bank of India (RBI)’s list to be forced into bankruptcy under a new regulation for failing to repay their debts.

05 Apr 2016

British Gov't Met Potential Buyer for Tata Steel UK

The British government opened talks on Tuesday with potential buyers for Tata Steel's UK operations, including Sanjeev Gupta's commodities company Liberty Group, as it stepped up its battle to find a buyer for the loss-making business. Accused by opposition lawmakers of being "asleep at the wheel" when India's Tata Steel put its entire British operations up for sale last week, Prime Minister David Cameron also met ministers to discuss the options for a business which employs 15,000 people. Britain's business minister Sajid Javid met with Gupta in London to establish how firm his interest was in the business. He was later due to fly to Mumbai to meet Tata Chairman Cyrus Mistry to agree the process for a sale.

30 Mar 2016

Tata Steel to Sell Entire UK Operation

Britain's largest steelmaker Tata Steel Ltd is expected to announce the sale of its entire UK business, BBC reported citing union sources.   Tata Steel's decision was made at Tuesday's board meeting in Mumbai, BBC said.   Britain's steel industry has been struggling since European Union steel prices hit their lowest since 2004.   Earlier in January, Tata Steel said it would cut 1,050 UK jobs including 750 jobs at Port-Talbot-based operations in Wales.   About 4,000 British steel jobs were lost in October 2015 alone, equivalent to about a fifth of the sector's workforce.     (Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)

01 Jun 2015

Odisha’s Paradip Port on the Verge of Closure?

Odisha Cooperation and Excise Minister Damodar Rout today alleged that there has been a big conspiracy to curtail the business of Paradip port in Odisha. He said the Central government has knowingly hatched a conspiracy to make Odisha’s Paradip port defunct. Dr. Rout said the Port which bagged the Peacock award for handling the highest cargo traffic last year is now facing an alarming situation of reduced traffic handling. Rout said: "After the Adani group had taken over the control of Dhamara port from L&T, a section of BJP leaders at the Centre were trying hard to take away all the business from Paradip port to the advantage of Dhamra port.

20 Apr 2015

First Ocean Vessel of 2015 Arrives at Port of Indiana

M/V Irma (Photo courtesy of Ports of Indiana)

The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals the official opening of the port’s international shipping season. Port officials welcomed 2015's first ocean vessel on Monday with a ceremony presenting the Ports of Indiana "Steel Stein" to the ship's captain. "Our port is open year-round handling Great Lakes ships and river barges, but the first ocean vessel of the year signifies the opening of Northwest Indiana's gateway to the world," said Port Director Rick Heimann.