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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


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


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 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


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


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


ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

CIMC Raffles Semisubmersible Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras


Cat Financial Announces Second-Quarter 2014 Results

CAT Brand

  Cat Financial reported second-quarter 2014 revenues of $728 million, an increase of $34 million, or 5 percent, compared with the second quarter of 2013. Second-quarter 2014 profit after tax was $146 million, a $35 million, or 32 percent, increase from the second quarter of 2013.


6 MW Offshore Wind Turbine of Siemens Certified

Axel Dombrowski - Head of Mechanical Engineering (DNVGL), Uwe Eisenhut – Head of Global Product & Technology Type Certification (Siemens), Mike Woebbeking - Service Area Leader (DNV GL), Hubertus Rosenow - R&D Platform Mana

  Siemens Energy has obtained type certification of DNV GL for the company's innovative D6 offshore wind turbine. The model Siemens SWT-6.0-154 is equipped with a modern direct drive generator, rated at 6 megawatts (MW) and equipped with a 154 meter rotor


Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer, meaning work can now start on building the 48 wind turbines. The Westermeerwind wind farm consists of 48 wind turbines with a


Zargon Oil & Gas Announces Resignation of CFO

Zargon Oil & Gas Ltd. announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism


MHI, Siemens Outline Alstom Proposal

Mitsubishi Heavy Industries (MHI) and Siemens submitted an offer letter specifying further the proposed transaction to Alstom. With the specified offer MHI and Siemens reaffirm their commitment to strengthen Alstom as an independent Global Player in Energy and Transport


France Picks: GE is the One for Alstom

France chose General Electric to form an alliance with Alstom on Friday - rejecting an offer from Siemens and Mitsubishi Heavy Industries - but said the deal still needed some work and added it would buy a 20 percent stake in the hotly-contested company.


Scandlines’ Hybrid Ferry Fleet is World’s Largest

M/V Prins Richard

Corvus Energy and Scandlines announced today the completion of the commissioning for the Scandlines’ fleet of hybrid ferries: the M/V Deutschland, M/V Schleswig-Holstein and M/V Prins Richard. According to the companies, the vessels represent the largest fleet of hybrid ferries in operation


Mammoet Opens New Latin America, Europe Offices

Mammoet’s PTC200DS Crane at work for Quip - Petrobras, Brazil

Mammoet has opened a new office in São Paulo, Brazil, replacing its previous premises in the city. The new office serves as main office for the whole Latin America region.Additionally, Mammoet opened a new crane depot in Europe at the Port of Antwerp.


Foster Wheeler Licensee To Supply Power Equipment to S. Arabia

Foster Wheeler Power Plant

  Foster Wheeler AG (Nasdaq:FWLT) announced today that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded a contract by Samsung C&T for the design and supply of six heat recovery steam generators (HRSGs) for the 2


Varadkar Praises Dublin Port’s Financial Performance

Dublin Port (Credit: Aiden McCabe)

Irish Minister for Transport, Tourism and Sport, Leo Varadkar has announced that Dublin Port Company has paid a dividend of €8 million to the State based on its financial results for the year ended December 31, 2013. The payment is in line with the company’s commitment to making a


Van Oord Cable-layer Launched by Damen

Van Oord’s new DP2 cable-laying vessel Nexus was launched at Damen Shipyards Galati (Photo courtesy of Damen)

Van Oord’s new DP2 cable-laying vessel, Nexus, was officially launched at Damen Shipyards Galati on June 30. The 123 m multipurpose vessel will be deployed installing electricity cables for offshore wind farms. The international contractor for dredging


Wind Energy Components Bound for Duluth Port

Arrival of the BBC Peter Roenna in the harbor this morning (Duluth’s Aerial Lift Bridge in background)

Minnesota Power and the Duluth Port said they will reach a milestone this weekend when the 15th ship bearing wind generation equipment destined for Minnesota Power’s growing renewable energy installation in North Dakota sails into the harbor beneath the Aerial Lift Bridge.


Imtech Equips HelWin bèta with HVAC System

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On June 14, the HelWin bèta platform left on a barge from the Heerema Fabrication Group's (HFG) yard in Zwijndrecht for Schiedam to complete outstanding work. Last week, HelWin bèta reached its final destination in the German North Sea


UK Club Rating Upgraded by S&P to A (Stable)

Financial rating image credit UK Club

Leading P&I club, the UK Club informs it has received the full report from Standard and Poor (“S&P”) explaining its reasons for upgrading the Club's financial rating. Extracts follow: The report explains that, in assessing the Club’s business and financial risk profiles






 
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