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Wednesday, May 23, 2018

Steel Bundle News

Trudeau remains optimistic on trade deal with US

Canadian Prime Minister Justin Trudeau is optimistic that a new NAFTA trade deal with the United States can be reached and that a solution on U.S. tariffs for steel and aluminum imports can be found, he told German newspaper Handelsblatt."We are working hard to reach an agreement on the NAFTA free-trade agreement and possibly also on the question of tariffs and quotas on aluminum and steel," Trudeau said in a pre-release excerpt from an interview to be published by the German daily on Monday.(Reporting by Michael Nienaber Editing by David Goodman)

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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China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that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.

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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.

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Bulk Shipping: Economics 101

Supply and Demand in the bulk transport sectors will define the course line ahead. Less ships and more cargo will be the key.The drybulk sector – where iron ore, coal, grain and other raw materials dominate – is still wrestling with a decade-long hangover that began with the financial collapse of 2008. A recovery ensued in 2010 and 2011, but, following the time honored trade pattern, the brighter outlook brought about an avalanche of new build orders and another drop in rates ensued.

Florian Dussler  (Photo: Xeneta)

Dussler tapped to Lead Xeneta's U.S. Ops

Xeneta is moving to accelerate the growth of its North American operation with the appointment of Florian Dussler as General Manager and VP Sales, Americas. Dussler, previously VP Americas for logistics software firm Transporeon, will head Xeneta’s New York office and aim to grow both awareness and market share for the leading global freight benchmarking and market intelligence platform. The news comes as Xeneta announces it has now built its database to over 55 million contracted rates, while also welcoming some major names to its community of global shippers.

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Japan Plans Retaliatory Tariffs Against US

Japan is considering tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, media reported on Thursday.Such a move would signal Tokyo is ready to go beyond backdoor talks and pleas for exemptions from the U.S. duties.It would also add to a growing rift that Trump's "America First" trade policies is creating among major economies, which threatens to slow global trade and business activity.Japan is the only major U.S. ally that did not receive exemptions from Trump's tariff decision.

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Turkey to Impose Retaliatory Measures against US Tariffs

Proposed Multi-Pipeline Route: Image credit Port of Rotterdam

Unusual Inter-Port Pipeline Project Planned

The ports of Antwerp (Belgium) and Rotterdam (Netherlands) propose to collaborate in construction of a linking pipeline bundle. One year ago the respective port authorities announced that they would collaborate in studying the possibilities of further developing pipeline connections between the two ports. Since then they have mapped out a route and drawn up a joint cost estimate for building a set of pipelines running in parallel. In the near future the port authorities will use…

Stainless Steel Tankship: Photo courtesy of Hakata Shipbuilding

Stainless Steel Tankships a First in Japan

Duplex stainless steel, NSSC®2120 by Nippon Steel & Sumikin Stainless Steel Corporation was recentlly chosen for the construction of two domestic tankers. Sasaki Shipbuilding Co., Ltd. & Hakata Shipbuilding Co., Ltd. became the first shipbuilders in Japan to use stainless steel in the recent construction of the vessels, although these days, duplex stainless steels (ASTM A240M S31803, S32205) are increasingly being used for the construction of chemical tankers around the world.

Fraser Moonie, chief operating officer of Bibby Offshore

Bibby Wins North Sea Decommissioning Contract

Subsea services provider to the oil and gas industry Bibby Offshore (BOUK) has secured a multimillion pound contract with a North Sea Operator, to deliver decommissioning operations in the Northern North Sea East Shetland Basin. The agreement, due to commence in Q2 of 2016 and be completed by the end of 2016, will utilise one of Bibby Offshore’s construction support vessels with adequate deck space and crane capabilities to execute operations approximately 550km North-East of Aberdeen.

Egypt Imposes Tariffs on Chinese, Turkish and Ukrainian Steel

Egypt has imposed temporary import tariffs on steel from China, Turkey and Ukraine, the trade ministry said in a statement on Tuesday. The tariff will be set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel, it said. "The decision comes following a thorough study...and is intended to protect local manufacturing from harmful practices by imported alternatives," Trade Minister Tarek Kabil said in the statement.   (Reporting by Eric Knecht and Arwa Gaballa)

Photo: Elebia Autohooks

Lifting and Maneuvering with evo2 Automatic Hooks

In a joint project between Elebia Autohooks and one of North America’s top suppliers of hot rolled steel bar products, five evo2 automatic hooks with load cell were mounted on a spreader beam at the company’s plant in order to load rebar steel bundles directly onto different “tricky” surfaces, such as train wagons, on a truck or just to simply move the bundles inside the warehouse. Each steel bundle carries a tag with the total weight of every bundle and to compliment this interest in weight control all five safety hooks were equipped with load cells.

Paperless Navigation & Comms Solution Launched

Consilium and Orange launch Current At Sea, a paperless maritime navigation and communication solution. Consilium and Orange Business Services are modernizing maritime communications with the launch of a paperless navigation solution that extends an Electronic Chart Display and Information System (ECDIS) over the world’s largest MPLS-based network. This bundled, flat-rate solution named Current At Sea enables shipping companies to move to a fully electronic platform for navigation and communications.

Israel Corp CEO May Depart as Firm Reorganizes

Conglomerate Israel Corp said on Monday that as part of it plans for a reorganisation, it is possible that Nir Gilad will step down as chief executive officer. "No decision has been taken on the matter," the company said in a statement without providing provide further details. Last year Israel Corp said it was planning to spin off some of its less profitable assets into a new listed company in a bid to boost the value of its core businesses and attract a broader range of investors.

New Courses Offer Online Electrical Safety Training

AVO Training Institute released its new complete nine-module online course series entitled “Arc Flash Electrical Safety”, a complete electrical safety awareness series that includes the latest NFPA 2015 updates. Available for purchase per individual module at $49 or the complete series bundle price of $379 (bundled savings of over $60), these self-paced, online courses are designed to help individuals who may otherwise find it difficult to attend classes through a more traditional method.

Gerd Drossel, Nadine Palatz

New Managing Director at HCC

After six years Gerd Drossel will hand over his position as Managing Director of the Hamburg Cruise Center association. Nadine Palatz will be succeed Drossel as Managing Director of the Board of Directors. Drossel has managed the administrative office of the Hamburg Cruise Center e.V. since January 2009. Prior to this a member of the board of Hamburger Hafen und Logistik AG and having spent 40 years working for this company, he swapped freight shipping for passenger cruises. "Being in that business for six years now and despite the clumsy settling-in period…

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Trump: U.S. Hits Steel, Aluminum Imports with Hefty Tariffs

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

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Trump to Set Hefty Tariffs on Steel, Aluminum Imports

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

Globe Wireless Acquires Zynetix

Globe Wireless has acquired Zynetix, a UK-based company specializing in GSM solutions. Frank Coles President & CEO of Globe Wireless said, “Mariners will use personal GSM handsets without paying premiums for that convenience. By seamlessly blending IP satellite systems such as FleetBroadband, OpenPort and VSAT with the Zynetix technology, Globe has created the perfect maritime GSM solution. Ian Taylor, CEO of Zynetix commented, “We are delighted to join Globe Wireless at this exciting time in the maritime communications market.

Norsat Introduce VSAT Communications Package

Norsat International launches Global-VSAT, an equipment & global airtime services package to leverage Norsat MarineLinkTM maritime VSAT terminals. The package is available via flexible lease and purchase options and will provide Norsat ’s maritime customers with a complete end to end communications solution including terminals, modems, air time, installation, and technical support. Global-VSATTM provides complete coverage through a global satellite network, which features automatic bandwidth levelling for the highest network performance…

Marlink Launches Fleetbroadband Bundles

Marlink has introduced a range of new FleetBroadband Bundles which can be purchased with its two and three year price plans. The new bundles will enable customers to lease equipment from a choice of three different vendors, as well as purchase broadband time for data and voice, all at a fixed monthly cost. Customers of the new bundles take advantage of predictable communications costs. Providing both MSS on-demand services and its own VSAT solutions Sealink and WaveCall to a broad range of customers globally, Marlink is a one-stop-shop for maritime satellite communications.

Military Sealift Command vessel USNS Invincible (Photo: Crowley)

Crowley Opens Government Services Office

Crowley Maritime Corp. has opened a new government services office in downtown Norfolk, Va. to help the company better serve government agencies such as the Military Sealift Command (MSC) and the U.S. Maritime Administration (MARAD). The new location will also help Crowley improve its service for the Norfolk Naval Base and several of Crowley managed ships located there, including three ROCON ships, five BOBO class ships and seven T-AGOS/T-AGM ships. The facility will staff government and technical management employees.

Offshore Work: Image courtesy of Subsea 7

North Sea Shell Fram Contract for Subsea 7

Subsea 7 wins US$135-million contract from Shell U.K. for work on the Fram oil & gas development in the Central North Sea. The contract scope encompasses the engineering, procurement, fabrication and installation of a 4.5km in-field pipeline bundle of approximately 44-inch diameter, with integrated manifolds and tie-in structures. Project management and engineering work will commence immediately and will be managed from Subsea 7's offices in Aberdeen, with bundle fabrication taking place at Subsea 7’s Wester site fabrication yard in Wick.

Kobe Steel Under Investigation Over Data Tampering Scandal

Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan's industrial sector last year.In a statement, Kobe Steel said that "investigating authorities" were conducting an inquiry, without elaborating on who was carrying out the probe or what was being investigated, and that it is cooperating with the investigation. A company spokesman confirmed the investigation concerned the data tampering but declined to say when the probe started.Earlier…

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Turkey to Open Investigation into Steel Imports

Turkey will open an investigation into whether iron and non-alloy steel imports harm local producers, the government said on Friday.Producers from the European Union, which Turkey aims to join, will be exempted from the investigation, the government said. The statement was published in the Official Gazette, which Ankara uses to announce new policies.(Reporting by Behiye Selin Taner; Writing by David Dolan; Editing by Clarence Fernandez)

Canada's PM: US Steel, Aluminum Tariffs a 'Very Bad Idea'

Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a "very bad idea" guaranteed to disrupt trade between the two nations.Trudeau told reporters in Vancouver he was confident the administration of President Donald Trump understood that such tariffs would hurt jobs in the United States as well as Canada.Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum in March but granted temporary exemptions to Canada and Mexico that run out on May 1.