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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


Siemens Acquires CD-adapco for $970m

Pictured is a detailed geometry for STAR-CCM+ simulation of ship self-propulsion, as featured in the December 2015 edition of Maritime Reporter & Engineering News. http://digitalmagazines.marinelink.com/nwm/MaritimeReporter/201512/

Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million.   CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology


Ulstein Delivers for BS Offshore

Photo: Ulstein

The first of two service operation vessels (SOV) ordered in 2015 by Bernhard Schulte Offshore (BS Offshore) and its client Siemens from Ulstein Verft in is now completed, and was delivered on June 23, 2016.   The vessel is built to the ULSTEIN SX175 design, which according to Ulstein


Successful SOV Sea Trial

Yno 309 Photo Ulstein Verft

Yno 309 from Ulstein Verft, the first of two Service Operation Vessels (SOV) for Bernhard Schulte Offshore, left the yard for sea trials on Tuesday, 7 June. The results so far are highly satisfactorily.   “We are underway in testing for speed and manoeuvring


COSCO Rolls Out Shipping Financial Platform

Photo: China COSCO Shipping Co

 China COSCO Shipping Co. Ltd (China COSCO Shipping) officially  inaugurated the company “COSCO shipping Financial Holdings Limited (COSCO shipping Financial) in Hong Kong.   It was former China Shipping (Hong Kong) Holdings, reports Sinocast.  


Singapore Shipping Profits Up

Photo:  Singapore Shipping Corporation Limited

 Singapore Shipping Corporation(SSC)'s  net profit increased 7.8 per cent to US$9.6 million for the financial year ended March 31, 2016, compared to the previous year.   Revenue rose 29.4 per cent to US$44.9 million, compared with the same period a year earlier.  


North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.3 percent in the financial year ended February 20, 2016. This brings the combined ratio average of the past five years


Tissot Appointed VP & CFO, Bureau Veritas

Nicolas Tissot, 49, has been the Group Chief Operating Officer and a member of the Executive Committee  Photo BV

Bureau Veritas announces the appointment of Nicolas Tissot as Executive Vice-President and Chief Financial Officer. He replaces Sami Badarani, who has decided to leave the company to pursue new professional opportunities. Nicolas Tissot has solid management and finance experience gained in key


STX Shipbuilding Likely to Enter Court-lead Restructuring

Photo: Robert Kunkel

South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead creditor Korea Development Bank said on Wednesday. STX Offshore's creditors took control of the company in 2013 after the


DNV GL bags COSCO's HVDC Converter Platform Deal

DNV GL - Korea - Stoddart, Arthur William  Courtesy DNV GK

DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore


A2SEA Wins Hornsea One Contract

Offshore installation vessel SEA INSTALLER. Photo: A2SEA

 From spring 2019, A2SEA will play a key role in building the world’s largest ever offshore wind farm, Hornsea Project One for DONG Energy. Capacity will be 1.2GW.   A2SEA will deploy its purpose-built offshore installation vessel Sea Installer to install a part of the 174


Ulstein Verft's First Wind Service Vessel Launched

(Photo: Ulstein Group/Marius Beck Dahle)

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.   The service operation vessel (SOV) for the offshore wind industry is one of two being constructed for Bernhard Schulte Offshore


Corvus Lithium Ion ESS Powers Edda Freya

Edda Freya (Photo: Corvus Energy)

Corvus Energy ESS powers newly christened Edda Freya, the environmentally friendly offshore construction vessel from Østensjø Rederi AS   Østensjø Rederi AS has christened its new offshore construction vessel, Edda Freya


Golden Ocean Names New CEO and CFO

Photo: Golden Ocean

The board of Golden Ocean Group Ltd. announced a pair of leadership appointments, naming Birgitte Ringstad Vartdal as the new Chief Executive Officer of Golden Ocean Management AS and Per Heiberg as the new Chief Financial Officer of Golden Ocean Management AS.  


Hyundai Merchant Marine in Doldrums

Photo: Hyundai Merchant Marine Co

 Amid speculation that Hyundai Merchant Marine Co. (HMM) may go into court receivership, the financial authorities and creditors will try to make it a subsidiary of Korea Development Bank (KDB).    South Korea’s finance minister Yoo Il-ho said that HMM


KB Fin Buys Hyundai Securities Stake for $1.1 Bln

Photo: Hyundai Merchant Marine

South Korean banking group KB Financial Group Inc is acquiring a controlling stake in brokerage Hyundai Securities Co Ltd for 1.25 trillion won ($1.09 billion) in a high-priced bet on diversification.   About two-thirds of KB Financial's 2015 net profit came from its banking unit


SENER Names Jiménez Financial, Administrative Director

Manuel Jiménez (Photo: SENER)

 Engineering and technology group SENER has appointed Manuel Jiménez as the new Financial and Administrative Director of SENER’s Engineering and Construction Division, replacing José Luis Anzola, who has held the position of Corporate Chief Financial Officer of the SENER






 
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