Value Maritime Installs First Filtree System for Ardmore Shipping
Value Maritime announced it has completed the first in a series of nine installations of its emissions reducing Filtree systems for product and chemical tanker company Ardmore Shipping Corporation.Taking place in China, this was the first time that Value Maritime has installed its system outside of Europe. The Ardmore Seaventure is also the first Ardmore vessel now fully equipped with Value Maritime’s Filtree system. The remaining installations for Ardmore Shipping are scheduled…
Siemens, Carlyle Near $2.4 Billion Deal Over Flender Business
U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week, the report said.Last week Siemens had asked Triton, Carlyle, CVC and Brookfield to submit final offers next week for the business, which has earnings before interest, tax, depreciation…
Engie to Invest in Green Gas in France
Isabelle Kocher, Engie CEO, announced that EUR 800 million would be mobilized in the next five years to develop green gases, a new French sector of excellence that will create value and jobs in France.François de Rugy, French Minister of State, Minister of the Ecological and Solidarity Transition was present during the announcement. This plan will support the objective of at least 10% green gas injected into the networks by 2030, as enshrined in the French Energy Transition Law for Green Growth.The global energy and services group Engie is positioning itself throughout the entire value chain of the biomethane industry: from project development, in close collaboration with farmers, to the sale to end consumers.
Charleston Gains Cold Storage Capacity
South Carolina Ports Authority (SCPA) officials celebrated the newly-expanded New Orleans Cold Storage (NOCS) facility in North Charleston, an important addition to SCPA's ability to serve the growing refrigerated cargo market. Driven by SCPA's 38 percent growth of refrigerated cargo since 2011, Charleston has attracted significant investments in cold storage over the past year, SCPA said. "NOCS's expansion is significant to SCPA, especially given the strategic importance of refrigerated cargo to our business," said Jim Newsome, SCPA president and CEO. Completed in November 2015, the expansion increases the facility's blast freezing capabilities by 50 percent. The addition of 81,000 square feet more than doubles NOCS's local footprint, which now offers 136,000 square feet of cold storage.
Kizad Attracts Investment from Binghatti
Abu Dhabi Ports―the master developer, operator and manager of ports and industrial zones in the Emirate―has signed a standard Musataha agreement (SMA) with Binghatti Holding to set up a new food and beverage (F&B) production plant at Khalifa Industrial Zone Abu Dhabi (Kizad). Binghatti is an international investment holding company that focuses on high-growth potential projects within the real estate, construction and FMCG (fast-moving consumer goods) industries. The new facility in Kizad will cater to the F&B industry in the Middle East and North Africa (MENA) region…
Bioremediation Goes Mainstream
A reliable solution for response and prevention that can save money, time and regulatory aggravation is here. The threat of oil pollution has long been a problem in the shipping community. You don’t have to look too far to review the myriad of oil spills that have plagued the industry. The Exxon Valdez spill that occurred 25 years ago has recently come to the forefront once again as there is evidence that the ramifications of the spill are still being felt in the fragile eco-system of several Alaska beaches.
Costa Cruises Receives ABB Award
Costa Cruises has received the ABB Energy Efficiency Award 2009 in recognition of its efforts and progress in improving energy efficiency in its motor and drive systems. The prize was presented as part of “Energy Efficiency Award 2009. Designing and achieving energy efficiency: new conversations”, an event promoted and arranged by Abb Sace, a division of ABB Spa, and hosted by Mario Tozzi, an outstanding Italian science divulger. In addition to Costa Cruises’ project, the initiatives implemented by the other two prize-winning Italian enterprises – Fiat Auto and Fiorucci, leaders in the vehicle manufacturing and food industries, respectively – were also illustrated at the ceremony.
TOP Tankers Acquires Drybulk Ships for $149m
in China. of 18 months at a daily net rate of $25,650 on a bareboat basis. One 1995 built panamax vessel of 73,506 dwt, built in South Korea. net rate of $29,700. One 2000 built handymax vessel of 45,526 dwt, built in Philippines. net rate of $22,000. which is expected to be granted by July 16, 2007. The vessels are scheduled to be delivered to the Company between September 2007 and January 2008. Evangelos Pistiolis, the Company's CEO, said "This acquisition represents the Company's first entry into the drybulk sector, which has demonstrated significant growth in the past few years and is expected to remain robust based on strong fundamentals.
