Chinese iron ore futures fell below a key 1,000 yuan per tonne level on Thursday, falling more than 5% to their lowest in more than two months as domestic consumption remains sluggish on steel production controls.The most active iron ore futures on the Dalian Commodity Exchange, for September delivery, plunged as much as 5.6% to 999 yuan ($154.54) per tonne, their lowest since May 27.
Modern space technology and artificial intelligence have combined to enhance the conservation of marine animals: the new service, “SPACEWHALE”, developed by a team of creative scientists in Germany and the UK, detects whales from space. Supported by funding from the European Space Agency (ESA) Space Solutions program
Iron ore prices have suffered their worst week for nearly 18 months amid signs that the two factors needed for a sustained correction may be coming into play - Chinese steel producer discipline and a recovery in supply of ore.The main Chinese domestic iron ore benchmark, the Dalian Commodity Exchange contract, dropped around 10% in the week to July 23
STADT AS and SH-Defence have signed a cooperation agreement and integrated their technologies to increase the modularisation of power generation and electric propulsion technologies.With its patented and innovative propulsion technology, STADT meets environmental requirements and can supply Zero-emission electric propulsion to Commercial and Naval vessels now, STADT said.
The first of three Vega-class ships under construction in Helsinki for Swan Hellenic’s heritage brand has been named at Helsinki Shipyard. The new ship, SH Minerva, is scheduled to depart the shipyard early next week.The series of three expedition cruise vessels have high ice class and they are made for high-end cruise experience in worldwide cruising area with strong bias for high latitude areas.
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia