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SIEMENS FINANCIAL

Hellenic Navy Orders Siemens Technology

Siemens Industrial Solutions and Services (I&S) Group is now to equip a fourth Class 214 submarine with modern propulsion, control and monitoring technology for Greece. The project includes delivery of the Permasyn electric motor, the PEM fuel cell modules, and the "Nautos" automation system. The order volume is about EUR 21 million. Handover of the submarine to the Hellenic Navy is scheduled for 2009. In 2001, Siemens had already received an order to equip three vessels of the same type. Like the previous three vessels, the new submarine will have a Siemens Permasyn type electric propulsion drive. These DC-powered permanent-magnet excited synchronous motors are characterized by an extremely low signature, high availability, compact dimensions, and simple operation.A PEM fuel cell system (PEM - Polymer Electrolyte Membrane) powers the submarines underwater, permitting propulsion without outside air (air independent propulsion, AIP). The AIP system is a development by HDW. Siemens is providing the fuel cell modules and the control and monitoring equipment.The Nautos integrated automation system controls, monitors, and coordinates the entire ship's engineering. Operation and monitoring are performed centrally at the control console. This relieves the operator of routine tasks, facilitates operation of the submarines, and increases reliability and safety.The equipment from Siemens is the latest technology available for non-nuclear submarines


Siemens Fits Out Italian Submarines

The Marine Engineering Subdivision of Siemens Industrial Projects and Technical Services Group (ATD) is fitting out two submarines for the Italian Navy with propulsion and control systems worth $60 million. About half of the order will go to Siemens Power Generation Group (KWU), which will be supplying the fuel cells for the propulsion system. Currently under construction at Italy's Fincantieri shipyard to drawings supplied by German shipyards Howaldtswerke Deutsche Werft AG and Thyssen


EPD, Siemens Form Solutions Partnership

Electronic Power Design, Inc. (EPD) and Siemens Industry, Inc. Drive Technologies today announced that the companies have formed a solutions partnership for Siemens ELFA R hybrid propulsion systems.  Siemens recently released its newly designed ELFA hybrid propulsion system, which offers considerably enhanced fuel consumption, range, redundancy, and maneuverability. The Siemens ELFA successfully closes the gap between large merchant vessels and small recreational and commercial crafts


Siemens Industrial Solutions and Services Group

The Siemens Industrial Solutions and Services Group (I&S) has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) to supply electrical equipment for a new semisubmersible offshore drilling rig. The rig will be used for deepwater drilling operations in harsh environments. The final customer is Odfjell Invest Ltd., Hamilton, Bermuda. The order is worth around 15 million euros and the drilling rig is to be delivered in October 2008.


Chinese Shipyards and Siemens Offer Solutions

Offshore Production more and more important for Oil and Gas Supply Deep water production from the offshore sector will grow considerably in China and worldwide in order to further secure own supplies. Siemens has developed solutions to improve the reliability of and production time for offshore drilling and production platforms. Siemens is teaming up with Chinese shipyards to build up a reputation as key player in the international offshore market which is currently dominated by countries


Siemens Wins Navy Contract

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Siemens Industry, Inc. (NYSE: SI) wona contract to equip two U.S. Navy Auxiliary General Oceanographic Research (AGOR) vessels with its unique diesel electric propulsion solution at Dakota Creek Industries Inc. (DCI), located in Anacortes, Wash. Seattle-based Naval Architecture and Marine Engineering firm Guido Perla & Associates, Inc. (GPA) will design the ships. The total order value is more than $10 million. "Siemens' dedication to supporting Dakota Creek Industries exemplifies a


MacGregor Cranes from Cargotec for Windmill Park

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Order for MacGregor offshore cranes raises Cargotec's stake in sustainable energy production Cargotec is supplying two MacGregor offshore deck cranes for installation on an offshore converter platform, BorWin beta, which will feed 800MW of renewable energy generated by two offshore windfarms into the German electricity grid. The power converter will begin test operation at the end of 2012. The MacGregor luffing cranes have an SWL of 10 tonne at 41m outreach and will be used to offload


Six CTruk Cats Head for Irish Sea Wind Farm

CTruck Catamaran: Image credit CTruk

CWind wins contract for 6 CTruk 20T multi-purpose cats to provide crew & load transfer services at Gwynt y Môr Offshore Wind Farm. Cwind say that this is their largest vessel contract win, and the six workboats will arrive on site over the next two months as construction activity picks up. The two most recent additions to CWind’s charter fleet, 'CWind Adventure' and 'SC Buzzard', are the first vessels to join the Siemens team at Gwynt y Môr


Clariant & Siemens To Promote New Sour Gas Shift Technology

Schematic of the Siemens fuel gasification process

Siemens Energy and Clariant, a world leader in specialty chemicals, signed an agreement to cooperate in the commercialization of a new, jointly developed sour gas shift (SGS) technology for coal gasification. The agreement appoints Clariant as the exclusive catalyst supplier for all projects where Siemens offers sour gas shift ("SGS") systems. While the collaboration covers all global projects, commercialization will focus on China – the region with the highest growth rate of


Cargotec Appoints Mikko Pelkonen Senior VP

Mike Pelkonen

Cargotec has appointed Mikko Pelkonen as Senior Vice President, Human Resources and member of the Executive Board and reporting to President and CEO Mika Vehviläinen. He will be responsible for corporate human resources strategy and implementation. The appointment takes effect in August 2013. Mikko Pelkonen is currently Vice President of Human Resources at Nokia Siemens Networks, Mobile Broadband Business Unit


BHP Billiton Focus on Operation & Productivity

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 * BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.  * Improved capital productivity will allow planned investment to be reduced from US$14


Energy Storage System Ordered for LNG Battery Hybrid Ferry

Photo: Corvus Energy

Norwegian hybrid to be the first LNG battery ferry to operate on commercial routes Corvus Energy, Siemens AS and Fjord1 have announced the award of the contract for the Fannefjord LNG hybrid ferry. The refit Fannefjord will use a 1,050V, 410kWh Energy Storage System (ESS) consisting of 63


Hybrid Ferry Completes Three-month Trial

Hybrid Ferry MF Finn√ły

Corvus Energy announced the completion of the three-month trial of the hybrid ferry MF Finnøy.  The refit vessel used a 960V, 260kWh Energy Storage System (ESS) consisting of 40 Corvus Energy AT6500 advanced lithium polymer batteries


Rolls-Royce Releases Interim Management Statement

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  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 years, subject to employee consultation


Rowan Appoints Butz CFO

Rowan Companies (NYSE: RDC) appointed Stephen M. Butz as Executive Vice President, Chief Financial Officer and Treasurer, effective December 1, 2014.     Butz joins the company from Hercules Offshore, Inc., where for the past nine years he has served in various corporate development


David Smith Appointed CFO of Rolls-Royce

David Smith

  Rolls-Royce announced today that David Smith has been appointed as Chief Financial Officer and a Director of Rolls-Royce Holdings plc. He takes up his new role with immediate effect, replacing Mark Morris who has decided to leave the company after 27 years


Fire-stricken Shipbuilder Enters Voluntary Administration

The Royal Australian Navy patrol boat HMAS Bundaberg caught fire while undergoing maintenance in August (Photo courtesy of the Royal Australian Navy)

Brisbane-based shipbuilders Aluminium Boats Australia Pty Ltd has been placed into voluntary administration after a shipyard fire in August has set the company toward financial instability. The fire, which occurred at the company’s Hemmant dockyard 11 weeks ago


SMC to Provide Marine Coordination for Siemens

Photo courtesy of Siemens

Specialist Marine Consultants Ltd (SMC) have been working with Siemens, providing offshore marine coordination for a fifth Siemens Wind Power construction project. The Butendiek offshore wind farm in the North Sea began construction in early 2014, and is due for completion mid-2015


Tarabochia Joins EBDG as CFO

Peter Tarabochia

Elliott Bay Design Group hired Peter Tarabochia as its new Vice President, Chief Financial Officer. Tarabochia, formerly of Vigor Industrial, brings more than a decade of experience to his new role as Vice President, Chief Financial Officer


Areva-Siemens Raises Claim Over Finnish Reactor Delays

The Olkiluoto 3 (OL3) nuclear power plant, which is under construction,

  The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is to blame for delays and


Gazprom to Counter Negative Global Market Trends

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  The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities. It was pointed out that the geopolitical events involving Ukraine as well as American


A2SEA Signs for Dudgeon

A2SEA is said to have installed more than half of the Northern Europes offshore wind farms.

  Dudgeon Offshore Wind Limited has awarded the Charter for WTG transport and installation to A2SEA A/S. A2SEA shall provide the jack-up vessel Sea Installer including 24/7 marine crew and crane operators for transport and installation of the 67 Siemens 6


OC Selects Siemens Blue Drive PLUSC Propulsion Solution

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Siemens Blue Drive PLUSC Low Voltage Propulsion Solution providing reliability, Safety, increased fuel efficiency, reduced greenhouse gas emissions (Methane, NOX and SOX) and reduced maintenance costs. Siemens Industry announces it was awarded a contract to equip Otto Candies (OC) Subsea


Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle. Swiss pump maker Sulzer, in which Renova Group has a 33 percent stake


Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday. Siemens declined to comment on the report. Such an offer would put Siemens in competition with Swiss pump maker Sulzer






 
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