Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge
Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday.The cost of insuring a seven-day Red Sea voyage has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the area in November in a show of solidarity with Palestinians in Gaza.Howden said the new…
Chart Industries Expands its Partnership with TECO 2030
TECO 2030 and Chart Industries have expanded their existing cooperation agreement on Chart’s Cryogenic Carbon Capture™ process technology (CCC), to include Chart’s offer of liquid cryogenic fuel storage and supply systems, as well as Howden’s hydrogen solutions.Under the expanded agreement, Chart, Howden (a Chart Industries Group company) and TECO 2030 will combine their expertise to offer improved ship efficiencies and reductions in carbon emissions.Chart, including Howden, has solutions including leading compression technologies…
ESAB Acquired by Colfax Corporation
Effective Friday, January 13, 2012, Charter International plc, owner of ESAB Welding & Cutting Products, has been acquired by Colfax Corporation. Colfax Corporation, based in Fulton MD, is a diversified industrial manufacturing company listed on the New York Stock Exchange. Charter International plc resided in Ireland and was the parent of two leading businesses: ESAB, a global leader in the welding products industry, and Howden, a premier manufacturer of heavy-duty air and gas handling equipment. “We are very excited about this acquisition,” said Andrew Masterman, President & Chief Executive Officer of ESAB North America. “Colfax Corporation…
Colfax Buys ESAB
Effective Friday, January 13, 2012, Charter International plc, owner of ESAB Welding & Cutting Products, has been acquired by Colfax Corporation. Colfax Corporation, based in Fulton MD, is a diversified industrial manufacturing company listed on the New York Stock Exchange. Charter International plc resided in Ireland and was the parent of two leading businesses: ESAB, a global leader in the welding products industry, and Howden, a premier manufacturer of heavy-duty air and gas handling equipment.
PD Ports Shortlisted for Int’l Bulk Journal Awards
PD Ports has been shortlisted for the International Bulk Journal Awards 2009, in the category of Best Ship Loading/Unloading System. The awards, which take place in Amsterdam on 23rd November, will see PD Ports compete against four other entries, which include U.S. construction company Agrico Sales and German mobile pneumatic conveyors manufacturer Neuero. PD Ports is the only UK finalist in its category and has been shortlisted on the basis on the installation of the Siwertell equipment at Immingham. The Siwertell 5000s offers the bulk market an environmentally friendly solution for discharging dry bulk products such as cement, grain and fertilizers, due to its ability to minimize dust emissions. This is achieved through the equipment’s totally enclosed conveying line.
