07
Mar
14:16
Turkey’s IDC to terminate shipping activities
Turkish long steel producer Izmir Demir Celik (IDC) says it will terminate its shipping business to optimise its activity and create a more suitable structure for the company’s long-term strategic goals.
The company’s dry cargo ships M/V Halil Şahin, M/V IDC Pearl, and M/V IDC Diamond will be sold to Sea Diamond Shipping & Trading Co., Sea Pearl Shipping & Trading Co., and Sea Eagle Shipping & Trading Co. respectively for a combined $23 mil…
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Very good overview of the weekly steel market.
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