Finance
382 stories, page 2 of 16
Kumera AS acquires Helseth AS
Kumera AS signed an acquisition agreement with Helseth Invest AS. The agreement will integrate CP propeller manufacturer Helseth AS into Kumera AS marine gearbox operations. Kumera AS is a subsidiary of the international…
Twin Disc, Inc. Announces Closing of Veth Propulsion Acquisition
Twin Disc, Inc. a provider of power transmission technology and equipment for marine- and land-based applications, announced today that it has completed the €52.1 million (approximately $60.8 million), acquisition of…
Keppel to Deliver SE Asia's First LNG-powered Tug
Singapore-based Keppel Corp said on Wednesday its offshore rig-building unit is on track to deliver in May what the shipbuilder said will be the first tugboat in southeast Asia that can run on liquefied natural gas…
$252m Finance for LNG-Powered Tankers
Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian…
LNG as a Fuel Won't Meet Strict Carbon Regulations - analyst
Switching to liquefied natural gas (LNG) to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations and they will have to find additional ways of reducing emissions, JBC…
Shipping Fuel Costs to Spike 25% on Sulphur Cap
Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020 . Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick…
Washington State: Hybrid Electric Ferries to be Considered
Washington Governor Jay Inslee has signed into law An Act Relating to Transportation Funding and Appropriations (SB 6106). Among other things, the bill includes $600,000 for development of a request for proposal to…
ZF to Boost R&D Following Record Sales
ZF Friedrichshafen AG will increase research and development spending again in 2018 following a year of record sales, announced CEO Wolf-Henning Scheider at the company’s annual press conference in Friedrichshafen…
Virtue Investment Pumping up to $5 Mln into PBES
PBES and Virtue Investment Fund today announced the completion of terms and transfer of first tranche of funds for an investment into PBES’ parent company TTB Holdings. In a first investment phase Virtue Investment is…
MOL Adopts 'Common Rail Fuel Injection' System
Mitsui O.S.K. Lines, Ltd. announced that its group company, Mitsui O.S.K. Kinkai, Ltd. will use a main engine equipped with the MAN Diesel & Turbo SE (MDT)-developed “common rail fuel injection system” on a newbuilding…