Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices, which extended Friday's big fall, while the dollar retreated from near 3-week highs against the safe haven yen.Spreadbetters suggested a subdued start for European shares, with FTSE futures off about 0.1 percent. U.S.
RSC Bio Solutions Hydraulic Fluids Earn MAN Approval
RSC Bio Solutions announced that its EnviroLogic 3068 and EnviroLogic 3100 high performance hydraulic fluids have been approved for use in MAN Diesel & Turbo systems. This approval allows RSC Bio Solutions to serve customers who have MAN stern tubes and propellers, primarily in the marine transport, ferry and fishing industries. The EnviroLogic 3000 Series consists of readily biodegradable synthetic hydraulic fluids designed for extreme operating temperatures and pressures. Because they are formulated to provide exceptional oxidation and thermal properties, these products are ideal for mobile or marine hydraulic and propulsion systems operating in environmentally sensitive areas, RSC Bio Solutions siad.
RSC Bio Solutions Expands Series of Biodegradable Lithium Complex Greases
RSC Bio Solutions exanded its EnviroLogic 800 series of biodegradable greases. The EnviroLogic 800 series are VGP compliant, biodegradable Lithium Complex greases designed to operate in severe outdoor environments and withstand corrosion. RSC Bio Solutions is introducing EnviroLogic 800 and EnviroLogic 801 greases to further compliment the already established EnviroLogic 802, allowing the company to offer solutions for additional applications when specifications call for NLGI grades #0 and #1.
EnviroLogic 210EP Approved for Thrustmaster
RSC Bio Solutions announced that its EnviroLogic 210EP readily biodegradable gear oil has been approved for use in Thrustmaster gearboxes and thrusters. With this approval, Thrustmaster has extended its existing relationship with RSC Bio Solutions, whose sustainable technologies are approved for use by Thrustmaster in oil and gas, workboat, deep water, marine and wind construction applications. RSC Bio Solutions describes EnviroLogic 210EP as a non-sheening, readily biodegradable synthetic ISO 100 grade gear oil that offers anti-wear and extreme-pressure properties, corrosion and rust protection and system cleanliness characteristics. It is approved for use in a variety of industrial applications where incidental exposure of oil to the environment is of concern.
Greg Hewitt is Executive V.P. of Kalmar
Greg Hewitt (MBA, B.Sc.) has over 25 years of versatile experience from industrial equipment, transportation, major appliances and retail businesses. He has worked as President and CEO in Heil Trailer International, as Vice President & General Manager in Komatsu North America, Construction Division, and as Executive Vice President of Sales, Marketing and Customer Service at Jacobsen, a Textron Company. "Greg Hewitt will be focusing on the development of our sales and service and customer interfaces in the Americas region, with the target to increase Kalmar's market share in the region. We are delighted to welcome him to the team," says Olli Isotalo, President of Kalmar.
Sennebogen Adds Rish Equipment Company
Sennebogen expects to see its green machine material handlers taking a stronger position in West Virginia through the efforts of its newest distributor. Rish Equipment Company was recently introduced by Constantino Lannes, President of Sennebogen LLC, as the manufacturer’s authorized dealer for West Virginia. According to Rish CEO Myron Jones, the territory holds ample opportunity for his new line of purpose-built material handlers. “About 65% of our current business is in the coal and energy industries,” Jones explains.
Northern Lights Introduces New Engine
Northern Lights, a manufacturer of marine diesel generator sets and Lugger diesel engines, introduced their newest propulsion solution – the L6125H diesel engine, featuring an electronically-controlled high-pressure common-rail (HPCR) fuel system. The L6125H is based on the heavy-duty Komatsu industrial engine block and is custom marinized by the Northern Lights engineering team, whose five decades of experience are well known to mariners across the globe. The L6125H reaches a high output rating of 470 hp at 2300 rpm.
ABS Council Adds Members
At the recent ABS Council meeting, 31 prominent members of the shipping and offshore industries were elected as new members of the prominent international classification society. The ABS Council also elected seven new members to the society’s Technical Committee. “Our strength as a classification society is the breadth of experience and depth of wisdom of our membership,” said ABS Chairman & CEO Robert D. Somerville. Zamil A. Thomas J. Angiolino, Senior Vice President, Willis of New York, Inc. Commodore R. Balasubrmaniam, IN (Retd.), Director, Rajapur Shipyard Pvt. Ltd. Dong-Su Choi, President & CEO, SLS Shipbuilding Co., Ltd. Robert G. George A. Cupstid, Senior Vice President and General Manager, LeTourneau Technologies, Inc. Tim E. Steven Durrell, President, Irving Shipbuilding Inc.
