Poly Shield Technologies Net Fuel Purification Contract
Florida- based Poly Shield Technologies Inc., sign an installation agreement with LMS Shipmanagement Inc. a wholly owned subsidiary of International Shipholdings Corp., ISH NYSE. The agreement will focus, initially, on a two vessel installation and certification of its newly developed DSOX-15 Fuel Purification System. The agreement will also allow for DSOX-15 system installations on up to an additional 40 ships. The DSOX-15 system, with its new approach to sulfur removal, is expected to comply with the new emission regulations set to take effect in January 2015. CEO, Rasmus Norling, commented, "This Development Agreement with LMS is a significant step forward in achieving our Company's business goals and allowing Poly Shield Technologies Inc.
Ship Management Firms Form Alliance
LMS Shipmanagement & Wallem Group team up to provide ship management, crewing, & marine technical services. International Shipholding Corporation (ISH) announce that LMS Shipmanagement, Inc., its wholly-owned subsidiary, and Wallem Group Ltd. have agreed to form an alliance encompassing the ship management, crewing, and marine technical services for ISH’s International Flag vessels. While LMS and Wallem will continue to operate independently, the alliance provides that, based on expertise, the daily functions will be divided between the two companies. Thus, the alliance will allow ISH to take advantage of the economy of scale of a larger ship management organization. International Shipholding Corporation’s U.S.
