Scrap happy on the west coast

Investors in middle-aged dry bulk tonnage will be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange.

The Cargotec/Konecranes merger has cleared a major hurdle in the EU, but ‘challenging’ views from other regulators mean the timetable has been delayed.

Metso Outotec has signed an agreement to divest its Metal Recycling business line to an affiliate of Mimir, an investment company based in Stockholm, Sweden.

LOGISTEC Stevedoring Inc, a dry bulk terminal operator at the Port of Montreal in Canada, has ordered a Konecranes Gottwald Model 7 mobile harbour crane.

The world’s largest materials handler, a Sennebogen 895 E-Series Hybrid, has been delivered to Danubia Speicherei Ges.m.H. in Ennshafen in Austria.

Chinese imports of iron ore keep falling, while its crude steel production keeps growing, fuelled by the country’s use of scrap metal, says Bimco.