ABC

TMPS Appointed US Agent for ABC Diesel Engines

Trans Marine Propulsion Systems, (TMPS) appointed agent by Anglo Belgian Corporation (ABC) Diesel Engines. TMPS has locations in Seattle, Washington and Tampa, Florida, and services most makes and types of diesel engines, including medium-speed and slow-speed engines for the marine industry and for diesel power plants.  TMPS is one of the world's few service facilities that offer this range of experience. Anglo Belgian Corporation has been manufacturing diesel engines since 1912 and is headquartered in Gent, Belgium.  The company has a century of engine-building expertise, founded in 1912 by a group of Belgian entrepreneurs soon after building the first licensed Rudolf Diesel engine.  ABC has the reputation of building robust and simple engines, with low fuel and lubricating oil consumption, long lifetime, low maintenance cost and easy accessibility. "We are very excited about our new partnership with ABC," stated Shane Roeser , President of TMPS.  "For close to three decades TMPS has represented various diesel engines lines, and has a strong customer base to showcases the features and benefits the ABC line has to offer."   "ABC is proud to be working with TMPS. This partnership provides our current and future ABC clients a 'one call does it all' feature," stated Jean-Christophe Van Acker , Sales Director of ABC

ABC: Powering Up for the Next 100 Years

Belgian power maker celebrates 100-year anniversary and jumps into a higher power class with a new diesel engine On the occasion of its centenary, a new engine type, the DL36, has being launched to meet the future emission directives of 2016. The new range combines a small environmental footprint with the ability to deliver more than 10,000 kW. ABC’s power range will thus more than double, opening up new markets and segments

Passenger Missing after Indonesian Ferry Sinking

All but one person on an Indonesian ferry that sank in eastern Indonesian waters are safe, ABC Online reported. The ferry had 66 people onboard- 60 passengers and six crewmembers. The Indonesian navy had dispatched one ship and an airplane to search for the boat, which ran into problems near Roti Island, 1,900 kilometers east of the capital Jakarta. It is often difficult to determine how many passengers are aboard Indonesian ferries

P&O To Float Bulk Carrier Unit For $190M

Peninsular and Oriental Steam Navigation Co. (P&O) expects its Associated Bulk Carriers unit to carry a price tag of around $190 million when it floats on the Oslo Stock Exchange in July. Shares in ABC, one of the world's largest independently owned operators of Capesize bulk carriers, will be priced at between 40 and 65 Norwegian crowns, according to the prospectus for the issue. Peter Smith, P&O director of corporate affairs

P&O Plans Associated Bulk Carriers IPO

An initial public offering of Associated Bulk Carriers on the Oslo stock exchange is expected to take place later this year, Peninsular and Oriental Steam Navigation Co. officials said. P&O said it bought the 50 percent shareholding of joint venture partners Shougang Holding (Hong Kong) Ltd. and Shougang Concord International Enterprises Company Ltd. for a nominal sum, and would hold 100 percent of ABC until the IPO, when it will sell the majority of its holding.

P&O To Delay ABS Stock Floatation

Peninsular & Oriental Steam Navigation Co. is indefinitely postponing the planned flotation of its Associated Bulk Carriers (ABC) unit because of stock market conditions. Shares in the business would have been listed on the Oslo Stock Exchange in an initial public offering next month, valuing it at around $187.9 million. But the group said in a statement it had decided not to go ahead with the flotation for the time being, because of market conditions in Oslo.

Modern-day Piracy Threatens Cruises

The Carnival-owned cruise liner Seabourn Spirit recently fended off a pirate attack along Africa's eastern coast, with one person sustaining injuries. The attempt to hijack a cruise ship highlights the pirates' growing audacity — wielding rocket-propelled grenades and machine guns, says a recent ABC News report. Since March, 29 attacks have occurred off the coast of Somalia. Although this was the first attack on a cruise ship in more than a decade

Australian Government Discusses Kimberley LNG Project

The Western Australian Government has clarified its stance on liquefied natural gas (LNG) developments in the Kimberley, saying they would be beneficial to the region, ABC reported. State Resources Minister Eric Ripper was commenting on a national media campaign challenging the developments by the Broome-based lobby group Cultural Heritage Environmental Advocacy for the Kimberley (CHEAK) this week. The group believes the Kimberley should be preserved as one of the world's last wilderness

Oil Exploration Causes Diver Shortage

Increasing exploration for offshore oil reserves is causing a shortage of divers in the aquaculture industry. Divers are being offered more than $300,000 a year for exploration work, compared $70,000 for work in the tuna and abalone sectors. Martin Phillips, from South Australian Underwater Training, says oil exploration has not been a traditional job market for divers. Source: ABC Online

Cruise Ship Industry to Boost Queensland Economy

According to ABC News the Queensland Government says a decision to base a commercial cruise ship in Brisbane will provide a big boost to the tourism industry. The P&O vessel set sail from her new berth today - on the first of up to 35 scheduled trip for 2006. Premier Peter Beattie says the cruise industry is already worth around $100,000 a year to the Queensland economy. Mr Beattie says with terminals being built in Brisbane, Townsville and the Gold Coast, the lucrative sector will grow