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People & Company News

Cummins Revenue up 11 pct

Cummins Inc, a maker of diesel engines, reported an 11 percent rise in quarterly revenue, helped by strong demand from North America. Sales rose to $5.09 billion in the fourth quarter ended Dec. 31, from $4.59 billion a…

Shipbuilding

Rolls-Royce Propulsion for Alaska Class Ferries

Rolls-Royce has been selected by the Alaska Department of Transportation and Public Facilities, via its Alaska Marine Highway System, and Vigor Industrial, to provide a highly efficient propulsion system for its future…

Legal

Low Sulphur Fuel Requirements from 1 Jan

Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2015, against the limit of 1.00% in effect up until 31 December 2014. The…

Legal

Rolls-Royce Releases Interim Management Statement

As announced on 5 November, Rolls-Royce has accelerated its cost reduction efforts and outlined additional restructuring charges that will reduce the expected underlying profit in 2014 and 2015 by around £60m in both…

Legal

Centrica Boardroom Reshuffle Continues

Britain's largest energy supplier Centrica will next month promote one of its managing directors to temporarily head up its British Gas business, progressing with a board reshuffle that started earlier this year. Ian…

Ports

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning…

People & Company News

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter highlights include Order intake increased 21% to €1,309…

Contracts

Wärtsilä Bags Wagenborg's Maintenance Contract

Wärtsilä and Wagenborg Shipping B.V. have signed in June 2014 a six-year Maintenance Agreement for fifteen of Wagenborg's dry cargo carriers. Under the agreement Wärtsilä will provide all maintenance planning and…