Metals

Copper Climbs as Orders Jump; Aluminum Advances to One-Week High Copper gained, rebounding from three consecutive weeks of losses, after data showed orders to remove the metal from warehouses jumped to the highest level in more than 15 years and amid concerns over strikes in Chile. 9/4/2013
ASIA IRON ORE: Spot prices rise on stronger buy-side pull Asian seaborne iron ore strengthened Monday after staying stable the last three trading days as buying interest resumed while tight spot ore availability and stronger rebar futures also gave a boost to prices. 9/4/2013
India Steel Demand Growth Slows as Weak Economy Cuts Consumption Steel consumption in India, the world’s third-largest user, grew at the slowest rate in four years as a faltering economy and lack of spending on cars and infrastructure projects eroded demand. 9/4/2013
Deficit of Copper may be eliminated over next four years: Deutsche Bank Over the past decade the cumulative deficit in copper has been about 1.5mt (including the effects of the financial crisis in 2008/9) and Deutsche Bank believes that there is a strong possibility that this deficit is eliminated over the next four years, as global demand moderates and supply growth witnesses an upsurge – a consequence of years of investment/planning. 8/4/2013
Copper Declines to Eight-Month Low After U.S. Data Disappoints Copper slumped for a fifth day to the lowest level in eight months as worse-than-estimated U.S. economic data spurred concern that growth is slowing in the world’s second-biggest user amid increasing stockpiles. 5/4/2013
Gold Slumps Toward Bear Market as Investors Cut Holdings Gold extended losses for a third day, nearing a bear market after 12 years of gains, on concern that investors are seeking higher returns in other assets as the global economy recovers. Silver, platinum and palladium dropped. 5/4/2013
Iron Ore Bear Market Looms as Supply Swamps Demand Iron ore is heading toward its first surplus in at least a decade as output expands and Chinese steel mills, the biggest buyers, boost production at the slowest pace in five years. 5/4/2013
Rebar Rises for Second Day on Expectations for Spring Demand Steel reinforcement-bar futures in Shanghai advanced for the second day as investors expected seasonal demand to increase in spring. 4/4/2013
Rio Tinto Seeks to Sell up to 29% of Unit Rio Tinto PLC is seeking a buyer for up to 29% of its Coal & Allied Industries unit, in the second major coal transaction planned by the mining company in Australia as it focuses on boosting shareholder returns, people familiar with the matter said Wednesday. 4/4/2013
Copper falls to eight-month low on demand concerns Copper fell to an eight-month low on Wednesday as concerns about economic growth cast doubts over the global industrial metals demand outlook and pushed speculators to open more short positions ahead of a two-day holiday in China. 4/4/2013

Page 10 of 110First   Previous   5  6  7  8  9  [10]  11  12  13  14  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