India remains net steel importer in April despite slight uptick in production

India was a net importer of finished steel products in April for a second straight month despite a slight uptick in domestic production, latest provisional data from the Joint Plant Committee showed. Finished steel production edged up 0.4% year on year to 10.52 million mt in April, the first month...

https://www.hellenicshippingnews.com/india-remains-net-steel-importer-in-april-despite-slight-uptick-in-production/

Indonesia Inks Multimillion Dollar Blockchain Deal To Transform Shipping Industry

PLMP Fintech, a blockchain company based out of Singapore is all set to take part in a multimillion dollar logistics projects being undertaken in collaboration with the Indonesian government to improve the situation of the country’s shipping industry. A press release published on the 29th of May...

https://www.hellenicshippingnews.com/indonesia-inks-multimillion-dollar-blockchain-deal-to-transform-shipping-industry/

Turkish embargo on Cyprus ships condemned by European Community Shipowners’ Associations

Vice President of the European Community Shipowners’ Associations (ECSA) Claes Berglund has said that unilateral actions, such as the Turkish ban on Cyprus ships, were condemned as strongly as possible by ECSA. He was speaking at the 30th Annual General Meeting of the Cyprus Shipping Chamber, held...

https://www.hellenicshippingnews.com/turkish-embargo-on-cyprus-ships-condemned-by-european-community-shipowners-associations/

Hyundai Heavy shareholders OK split-up plan amid harsh labor opposition

Shareholders of Hyundai Heavy Industries Co. on Friday approved the company’s split-up plan for a merger with a small local shipbuilder amid fierce opposition from its labor union. The split is the first step in the process of Hyundai Heavy’s proposed merger with Daewoo Shipbuilding & Marine...

https://www.hellenicshippingnews.com/hyundai-heavy-shareholders-ok-split-up-plan-amid-harsh-labor-opposition/

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