Finance
382 stories, page 4 of 16
New ABS Guide for LNG Bunkering
New Guide provides standards for growing LNG bunkering vessel sector. ABS, a provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for LNG Bunkering. This…
Nautican Brings New Facility, Jobs to Summerside
A former Montague resident, Elizabeth Reynolds Boyd has always been looking for a way to give back to her home province. The respected naval architect and owner of Nautican Research and Development joined Premier Wade…
Jotun:ISO 19030 standard can make $30 bln impact on the industry
The International Organization for Standardization (ISO) has now published the long-awaited ISO 19030, a new standard conceived to measure changes in ship-specific hull and propeller performance. According to Jotun…
Caterpillar CEO to Retire, Successor a Company Veteran
Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He…
ABB Turbocharger PM Model Demonstrates RoI
Independent study demonstrates that ABB’s Preventive Maintenance model for turbochargers achieves significant cost and operational benefits ABB announced study results which show a 202% return on investment (ROI) from…
Wärtsilä Divest its Drives products, Associated Manufacturing
Wärtsilä has agreed to divest its power drives business to Finland based The Switch. The divestment will encompass Wärtsilä's Medium and Low Voltage power drives specialised for marine applications. The assets include…
IBIA: Bunker Market Opportunities in Africa
The bunker market in Africa is evolving, with real opportunities for those willing to invest time and resource to overcome the obstacles. Illicit activities and poor practices are becoming less common, regulation is…
Daintith Named CFO, Rolls-Royce
Rolls-Royce announced that Stephen Daintith has been appointed Chief Financial Officer and as an executive director of Rolls-Royce Holdings plc. Stephen will take up his new role in 2017, succeeding David Smith who will…
Wärtsilä In Dow Jones Sustainability Index
Wärtsilä has been selected as an index component of the Dow Jones Sustainability Indices (DJSI), both in the DJSI World and DJSI Europe indices. S&P Dow Jones Indices, one of the world's leading index providers, and…
SCHOTTEL Debuts EcoPeller with High-torque Gears
Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a key role here is the new HTG (High Torque Gear) gearbox…
Cheap Oil Slows Move to LNG as Bunker Fuel
Low oil prices are denting the take-up of liquefied natural gas as a cleaner source of energy to power ships, and it will be a few more years yet before the fuel makes serious inroads into the marine bunker market. The…