Marine Link
Thursday, March 28, 2024
SUBSCRIBE

M2 Site News

25 Aug 2015

Busan LNG Bunkering Terminal by 2020

A new liquefied natural gas (LNG)-bunkering terminal may become operational at South Korea's Busan New Port by 2020. South Korean shipping company Polaris Shipping will reportedly invest $500 million (KRW 600 billion) to construct the facility. According to IHS, the terminal will occupy a 185,700 m² site in Busan New Port and is to have four berths and two LNG tanks. Busan Port Authority and Busan Regional Oceans & Fisheries Administration had received a business proposal from Polaris Shipping and sought approval from the Ministry of Oceans and Fisheries. According to Busan New Container Terminal Co., Ltd. (BNCT), the newest container terminal in Busan, continues to grow rapidly welcoming 7 new large services in the last 6 months.

17 Dec 2013

Liebherr’s 2013 Turnover Steady Despite Weak Economic Climate

Photo: Liebherr

The overall economic situation did not improve in 2013. According to current forecasts, the global economy will grow by just under 3% and global production probably by 3.1%. In this year the volume of worldwide trade will, according to World Trade Organization (WTO) forecasts, increase by 2.5%. In view of only moderate overall economic development this year, the Liebherr Group expects its total turnover to reach €9.1 billion, which equals the previous year’s figure. A slight downturn is anticipated in the construction machinery and mining area…

11 Apr 2013

Liebherr Group Achieves Highest Turnover in its History

Photo: Liebherr Group

World economic development was weaker in 2012 than in the previous year. Although growth was still 3.2%, the emerging markets’ rates of growth declined as well. The industrial nations continued to pursue a course between consolidation and economic stabilization. Within the Eurozone only a few countries achieved economic growth. The volume of world trade increased by 2.1%. The 2012 business year progressed well for the Liebherr Group. Although the reduced dynamism of the world economy had a noticeable effect on orders received in the final months of the year…

08 Apr 2008

Wärtsilä and Zhenjiang Sign License Agreement

Wärtsilä and Zhenjiang CME Co Ltd (CME) have today jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by CME in . The agreement grants CME the right to manufacture all sizes of Wärtsilä RT-flex modern low-speed engine types at its new factory in . However, CME will focus on engines of 50 cm cylinder bore and smaller. The main attraction of the new licence agreement for CME is the Wärtsilä RT-flex engines with common-rail technology. This is the latest technology for low-speed diesel engines incorporating full electronic control of engine processes. The new manufacturing capacity of CME will make a significant contribution to the delivery of Wärtsilä low-speed marine engines to the rapidly growing shipbuilding industry in .