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Tuesday, October 27, 2020

Steel Industry News

(Photo: Port of Indiana-Mount Vernon)

Port of Indiana-Mt. Vernon Makes ‘Next Generation’ Terminal Upgrades

A  recently completed a $2 million capital improvement project aims to attract more cargo to one of the nation’s largest inland ports.Situated 153 miles from the confluence of the Ohio and Mississippi Rivers, the Port of Indiana-Mount Vernon connects the Ohio River Valley region’s agriculture, coal and manufacturing industries to the rest of the world via year-round access to the Gulf of Mexico and Great Lakes through the inland waterways system.Each year, more than 3,600 barges…

© Henry / Adobe Stock

Swiss Chide EU Over Steel Import Curbs

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…

© Amarinj / Adobe Stock

Japan, South Korea Steel Exports to India Surge

India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.During the first quarter of the fiscal year starting in April, India's steel imports from South Korea rose 31 percent from a year earlier, while those from Japan climbed 30 percent, according to an internal document from the Ministry of Steel that was reviewed…

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EU to Curb Steel Imports after Trump Tariffs

The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the U.S. imposition of tariffs on incoming steel and aluminium, the EU's official journal said.The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets.The measures are the third part of the EU's response to U.S. tariffs. It has also imposed tariffs on 2.8 billion euros ($3.3 billion) of U.S.

Image: AtoB@C Shipping AB

ESL Shipping Acquires AtoB@C

Finnish dry bulker ESL ShippingLtd, a shipping company fully owned by Aspo Group, is going to acquire all the outstanding shares of AtoB@C Shipping AB and AtoB@C Holding AB (AtoB@C) that offer shipping services. The enterprise value is EUR 30 million. The final purchase price will be mainly financed by Aspo's existing financing reserves, and approximately EUR 4.2 million will be covered by new shares issued by Aspo Plc. The transaction will require the competition authority's approval in Finland to be completed.

© zjk/Adobe Stock

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.

© Amarinj / Adobe Stock

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.

© furuoda/Adobe Stock

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.

(Photo: Ports of Indiana)

Op/Ed: Act Now on Port Infrastructure

Funding for freight transportation infrastructure is urgently needed to keep U.S. economy moving. Infrastructure is the backbone of developed nations. Our ability to move raw materials and finished products between domestic and world markets is critical to economic success. Right now, the U.S. freight transportation industry is at a crossroads and infrastructure funding is urgently needed to grow our economy. In recent years, transportation infrastructure investment has lagged…

© HHM/Dietmar Hasenpusch

Port of Hamburg’s 2017 Volumes on Pace with 2016

At 70 million tons, first-half seaborne cargo throughput in Hamburg in 2017, including the general and bulk cargo segments, all but matched the previous year’s, being one-fifth of one percent (0.2 percent) lower. In the first six months of 2017 containerized general cargo throughput at 4.45 million TEU (20-ft standard containers) was at the previous year’s level. Up by one percent at 23.5 million tons, bulk cargo throughput in Germany’s largest universal port continued to grow.

© Igor Groshev / Adobe Stock

China's Steel, Coal Curbs a Double-edged Sword for Imports

China's determination to tackle its choking pollution by cutting steel and coal capacity should be a long-term negative for exporters of iron ore and coal to the world's biggest commodity importer, but the reality is likely to be far more nuanced. "We will make our skies blue again," Premier Li Keqiang told the opening of parliament on Sunday. That's an unequivocal statement that gives political impetus to Beijing's plans to shutter more excess steel and coal capacity. The policy…

Port of Indiana-Burns Harbor Handles 2.6 Mln Tons in 2016

The Port of Indiana-Burns Harbor handled nearly 2.6 million tons of cargo in 2016, completing the highest three-year total in the port's history. Over 8.6 million tons have been handled at the port since 2014. Other 2016 highlights included a major expansion by Ratner Steel, a significant increase in heavy-lift cargoes and the investment of $2.5 million in port infrastructure improvements. The 2016 shipping total was the port's third highest tonnage in the last 10 years. Major cargoes included steel, limestone, carbon products, grain and iron ore.

Graph: Clarkson Research Services Limited

Sino-Australian Seaborne Trade

In recent decades, trade between the Australia and China have made an increasingly significant contribution to growth in global seaborne trade, and the signing of the China-Australia Free Trade Agreement in 2015 is driving further co-operation, says a report by Clarkson Research Services. But just how important has the impact of trade between these two countries been? Between 2006 and 2016, Chinese imports from Australia grew by a CAGR of 17% p.a. to reach an estimated 792mt in 2016.

© icholakov / Adobe Stock

Traditional, Project Cargoes Transit St. Lawrence Seaway in November

“November was a good month for the export of agricultural products and shipments of aluminum ingots on the Great Lakes Seaway System,” said Betty Sutton, Administrator of the U.S. Saint Lawrence Seaway Development Corporation. “Under the binational trade development program known as ‘Highway H2O’, the U.S. Sutton added, “The U.S. Great Lakes ports of Toledo, Ohio; Duluth, Minn.; Burns Harbor, Ind.; and Milwaukee, Wis. handled corn, soybeans and wheat exports bound for Europe, South America, and Central America.

FederalCaribou (Photo credit: GreatLakes Seaway and FedNav)

Grain and Project Cargo Dominate St. Lawrence Seaway Traffic in October

“The Great Lakes St. Lawrence Seaway System saw a steady flow of traditional cargoes during the month of October,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation. “Last month, shipments of aluminum, steel, generators, crane components, iron ore and containerized goods moved in the system. Thanks to a robust U.S and Canadian grain crop, agricultural products including corn, soy beans, wheat and sugar beet pellets made up the majority of the…

Image: Mahavir Group

India Backs Ship Recycling Training Program

As part of its Coastal Community Development Program under Sagarmala, the Ministry of Shipping has sanctioned Rupees 10 Crore ($1.5 mln) as part of the first instalment to the Gujarat Maritime Board for capacity building and safety training of 20,000 workers involved in the ship recycling activities at Alanag- Sosiya recycling yard in Bhavnagar district in Gujarat. The total project cost is estimated to be Rupees 30 Crore over a period of 3 years. The initiative has been identified…

File photo: Paul Csizmadia

US-flag Lakes Cargo Volume Dips in September

U.S.-flag Great Lakes freighters (lakers) moved 9.1 million tons of cargo in September, a decrease of 7 percent compared to a year ago, according to the Lake Carriers’ Association (LCA). The September float was also 8.7 percent below the month’s five-year average. Iron ore cargos for the steel industry totaled 4.3 million tons, a virtual repeat of a year ago. Coal shipments to power plants and steel mills fell to 1.8 million tons, a decrease of 14.3 percent. Limestone for construction projects and steel production totaled 2.5 million tons, a decrease of 15.2 percent compared to a year ago.

Courtesy Port of Rotterdam Authority

Rotterdam Port Throughput Slips

Compared to the excellent first three quarters of 2015 (+5.4%), cargo throughput in the same period this year fell by 1.9%. The decrease was particularly strong in coal and iron ore. Allard Castelein, CEO of the Port of Rotterdam Authority: “Each of the different sectors in the port has its own dynamic. The 1.9% decrease is consequently the sum of a number of different developments. Last year, throughput in the port increased by 4.9%, to 466 million tonnes. Castelein: “Throughput figures only tell part of the story. Throughput in liquid bulk fell by 0.4%, to 160.0 million tonnes.

US-flag Lakes Cargos Down Almost 10% in July

U.S.-flag Great Lakes freighters (lakers) moved 9.85 million tons of cargo in July, a decrease of 9.5 percent compared to a year ago, the Lake Carriers’ Association  (LCA) reports. The July float was also 9 percent below the month’s five-year average. Iron ore cargos for the steel industry totaled 4.6 million tons, a decrease of 3.4 percent compared to a year ago. Coal shipments to power plants and steel mills fell to 1.7 million tons, a decrease of 25 percent. Limestone loads for construction projects and steel production totaled 2.9 million tons…

Hot Month at Marseille Fos

In contrast to an international downturn, French port Marseille Fos has reported exceptional results for July with 7.8 million metric tons of cargo and 387,000 passengers – up by 18.6 percent and 13 percent respectively on the same month last year. General cargo totaled 1.64 million metric tons (up 8 percent) after growth in all three sectors – containers, ro-ro and conventional. Box throughput rose 11 percent to more than 1 million metric tons, representing a 12 percent unit increase to 112,768 teu.

Containervessels at HHLA Container Terminal Altenwerder (Photo: Port of Hamburg)

Port of Hamburg Seaborne Cargo Down Slightly in 2016

First-half seaborne cargo throughput of 70.2 million tons reflected stabilization of the trend for the Port of Hamburg. At the same time, a steep increase occurred in freight transport by rail to/from the Port of Hamburg. At 70.2 million tons, in the first half total seaborne cargo throughput, which includes the general and bulk cargo segments, was slightly – 0.9 percent – down on the previous year. In the first six months of 2016 containerized cargo handling totalled 4.5 million TEU – 20-ft standard containers – corresponding to a downturn of 1.2 percent.

Photo: Chamber of Marine Commerce

10 Reasons to Celebrate Great Lakes-Seaway Shipping on National Maritime Day

The Chamber of Marine Commerce this weekend joins the nation in honoring America’s maritime heritage and the men and women who serve as merchant mariners with a Top 10 list of reasons to celebrate Great Lakes-Seaway shipping. “National Maritime Day this Sunday is an opportunity to remind people of how mariners contribute to the prosperity, safety and sustainability of American communities,” says Stephen Brooks, President of the Chamber of Marine Commerce. “Not everyone realizes…

New Growth Record at French Port

Press release - Record container volumes headlined all-round freight growth at leading French port Marseille Fos in 2015, when total cargo rose 4.1% on the previous year to 81.7 million tonnes. Meanwhile the best ever cruise numbers took passenger throughput to a new peak. Container traffic was up by 3.5% to 1.22 million teu and by 4% in tonnage terms to 11.7MT – marking three consecutive years of growth when box volumes have increased by a cumulative 15% under the port’s ‘alternative southern gateway for Europe’ strategy.

Graphics: BIMCO

Miserable Start for Dry Bulk Shipping

The global production of steel dropped in 2015 compared to 2014, to a larger extent outside China, as China exported its surplus of steel to destinations across the globe; it is too complex to single out whether this is positive or negative for the seaborne dry bulk transport demand, says BIMCO. Going forward, the Chinese steel industry is set to grow its global market share, currently at 50%. Depending on domestic steel consumption in China, use of domestically mined iron ore and profitability in the steel industry, the dry bulk market will be impacted.

Graphics by Clarksons

Bulkcarrier Market Looks Bullish

Bulkcarrier investors are generally an optimistic lot, with little time for pessimistic analysts, says a research report by Clarksons. They know that however gloomy the forecasts, some time they will make a nice profit. After all, the ships last 30 years, especially small bulkers and a lot can happen in that time. But occasionally even they get gloomy and that seems to have happened today. It’s easy to see why. The Baltic Dry Index has hit all-time lows and Capesizes, which were supposed to be gold-plated investments in a world dominated by China, are looking decidedly tarnished.

Photo: Port Manatee

New Bulk Cargo Pad for Port Manatee

Port Manatee is adding a 2-acre cargo pad to support storage of prilled sulphur, a new commodity for the Florida Gulf Coast port. Under an agreement signed Tuesday, June 16, with longtime port tenant Gulf Coast Bulk Equipment Inc., construction of the pad is slated to begin in September on the east side of Port Manatee. A Palmetto, Fla.-based stevedoring and marine terminal operations firm, Gulf Coast Bulk Equipment has been a Port Manatee tenant since 2008, handling fertilizers, salt, potash and other bulk cargos.