Metals

Copper Drops for Third Day as Weak Data Raise Demand Concerns Copper declined for a third day in London on concerns that demand from China, the U.S. and Germany, the largest users, is weakening. 17/5/2013
Rebar Trades Near Lowest in 5 Months on Output, Iron Ore Price Steel reinforcement-bar futures traded near the lowest level in more than five months amid rising output in China and as iron ore fell into a bear market. 17/5/2013
Iron Ore Extends Five-Month Low as China Steel Mills Cool Buying Iron ore extended losses for a fifth day to a five-month low on speculation Chinese mills are drawing on stockpiles as declining steel prices cut their profits, according to Macquarie Research. 17/5/2013
Gold Drops to 3-Week Low in Worst Run Since February on Dollar Gold dropped for a fifth day in the worst run since February in London, falling to a three-week low, as a stronger dollar curbed demand for an alternative investment and bullion holdings declined. Other precious metals fell. 16/5/2013
Rebar Falls With Iron Ore Prices Amid Concern China to Slow Steel reinforcement-bar futures declined a second day on concern that China’s growth is slowing and as iron-ore prices dropped. 16/5/2013
Copper Climbs From Biggest Drop in Two Weeks as Most Metals Gain Copper gained in London after falling the most in two weeks as investors weighed weak growth in China and improving U.S. data. Lead, aluminum, nickel and zinc also advanced. 16/5/2013
Iron Ore Seen Strong Into 2014 on China Steel Demand, Supply Iron ore prices will remain strong into 2014 on sustained demand in China, the largest producer of steel, and as an increase in global supply takes longer than expected, according to Morgan Stanley. 16/5/2013
PRB 8,800 coal prices assessed at year-to-date highs Powder River Basin 8,800-Btu/lb thermal coal prices for physical delivery were assessed 15-25 cents/st higher Monday, reaching their highest levels this year. 15/5/2013
Copper Leads Industrial Metals Lower on China Demand Concern Copper declined for the first time in three days, leading most industrial metals lower amid speculation that China’s economic slowdown is deepening. 15/5/2013
Gold Drops for Third Day as Dollar’s Strength Curbs ETP Holdings Gold fell for a third day in New York as strength in the dollar may mean more declines in exchange-traded products holdings. 14/5/2013

Page 1 of 110First   Previous   [1]  2  3  4  5  6  7  8  9  10  Next   Last   

5/17/2013

Cosco to install five new cranes in port of Piraeus


The port of Piraeus will be equipped with five of the most modern cranes in the world, significantly upgrading the port's facilities and boosting its productivity, a Cosco representative said Friday.

Tasos Vamvakidis, commercial manager of Cosco, told the Athens News Agency that the the installation of the new cranes will allow Cosco to begin operating Pier III of the port sooner than expected. The first five cranes of the super-post panamax type arrived on Friday with the "Zhenhua 24" vessel from Shanghai, while another two similar cranes are expected soon. The port will be able to service vessels up to 360 metres in length and around 4,000 container boxes in 24 hours. The lifting ability of the new cranes is 65-85 tons, while each crane weighs around 2,000 tons.

We want to raise our productivity, Vamvakidis said, adding that with the operation of piers 2 and 3, the port will be able to manage around 4.3 million container boxes by the end of 2013.

Cosco handled around 3,911,674 container boxes in 4,191 ships in the period 2010-2012, while in the first quarter of 2013 it handled 535,000 containers. Cosco estimates that in the next two years the handling of container boxes will total 4.7 millon TEU from 2,108,087 in 2012.

The Chinese company employs around 1,000 Greek workers and operates four terminals in Pier II.





Market Reports

Search

Enter Keyword
Filter by Category