Latest news from Heavy Lift & Project Forwarding International Magazine

Newbuildings could profit from falling steel price

January 13 - Substantial falls in steel plate prices could produce the first decline in the cost of newbuildings since 2004.

The cost of some ship types are forecast to fall by as much as one fifth this year as a result of depressed ordering activity and cheaper steel costs, according to industry analysts.

Rikard Vabo, an analyst with Norwegian investment bank Fearnley Fonds, considers that a fall in steel plate prices, in combination with a complete standstill in new ordering, order cancellations and increased competition, will result in a significant decline in newbuilding prices. He considers newbuilding prices could fall 20-30 0n 2009

Heavy Lift | News

Port of Açu names José Firmo as CEO thumbnail image

Port of Açu names José Firmo as CEO

September 16 - The port of Açu – a privately owned industrial complex in São João da Barra, Brazil – has appointed José Firmo as its ceo, effective November 1.
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Talbert names Henderson thumbnail image

Talbert names Henderson

September 13 - USA-based Talbert Manufacturing has appointed David Henderson as dealer development manager.
Views: 359
XLP gathers in Dubai thumbnail image

XLP gathers in Dubai

September 13 - Almost 160 delegates from around the world gathered in Dubai last week for the XLProjects (XLP) annual general meeting (AGM).
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