China's steel market will stay weak in May, traditionally a time of peak consumption, with downstream demand still uncertain and low prices expected to persist, the country's steel industry body warned on Thursday.Demand for steel in China, the world's largest consumer and producer of the metal, usually peaks during the second quarter along with construction activity.But first-quarter annual economic growth of 7.7 percent was less than forecast, and manufacturing sector growth slowed in April,...

Amid a slow recovery seen in global shipbuilding market for the first three months in 2013, Chinese shipbuilding industry also showed an increased order intakes comparing with the same time period last year, however, the deliveries were seen to keep decreasing. According to a statistical data from the China Association of National Shipbuilding Industry (CANSI), China delivered a total of 9.45m dwt vessels in the first quarter of this year, representing a 15.6% decrease against the same perio...

During the first three months, a total of 286 newbuildings were ordered in global shipbuilding industry, which showed an increase by 20% comparing with the previous quarter (the fourth quarter of 2012), however total amount of orders were estimated to be $12.8bn, representing a 31% drop year-on-year. According to Clarkson, orders contracted in March totaled 94 vessels worth $4.4bn and among them, 51% was ordered for non commercial ships. Followings are offshore vessel, accounting for 16% and...

SMSLLC to help leading tug and barge operator to prepare for new Towing Safety Management Regulation. Safety Management Systems LLC announced on April 18, 2013 that it has won a contract from American River Transportation Company (ARTCO) to assist the company to establish a Towing Safety Management System (TSMS) in accordance with pending U.S. Coast Guard (USCG) Subchapter M regulations. ARTCO, a wholly owned subsidiary of Archer Daniels Midland Company (ADM), is one of the largest U.S. inlan...