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Market Products News

25 May 2021

KOTUG Invests in the Future, Launching Inland Shipping Unit

Image courtesy KOTUG

KOTUG International B.V. (KOTUG) established an inland shipping division to provide electric powered pusher tugs and smart AI-driven dispatch and route planning applications for the inland water transportation industry, aiming to support the worldwide energy transition and the modal shift from road transport to waterways while meeting the growing demand for electric-powered vessels. "The inland shipping market offers a great opportunity for sustainable logistical solutions," says Ard-Jan Kooren, CEO of KOTUG International B.V.

11 Jun 2018

Fuels, Lubricants & Green Marine

The MT Seriana on the Bosporus: severe corrosion problems were solved with Chevron’s Special HT Ultra 140 BN cylinder oil. (Photo: Chevron)

International Maritime Organization (IMO) fuel rules entering force in 2020 mandate a drastic sulfur reduction. By 2050 the mandate is to cut greenhouse gas emissions of shipping by at least 50 percent.Marine fuels, lubricants and additives manufacturers play their part in establishing maritime’s green credentials by introducing new environmentally acceptable technologies and products.The shipping industry is more than ever portrayed in a bad light due to increasing awareness of its contribution to global climate change, according to Dirk Kronmeijer, CEO of GoodFuels Marine.

29 Jan 2018

Riverboat Touring: Status Quo or Ready to Grow?

Credit: Pamela Harding

If you want to book a plush river cruise vacation in America’s heartland – say on the Mississippi or Ohio Rivers – you can do it. The American Queen Steamboat Company’s website offers as many as 13 river cruises in 2018. Certainly, the ‘bourbon cruise,’ aboard the lavish American Duchess sounds like fun. Or, maybe next year you can sign up for the nine-day ‘Derby Cruise.’ And, next year means 2019 because the 2018 cruise is sold out. Maybe the most fun is that passengers themselves…

18 Sep 2013

ZF Marine Propulsion Systems

Wolfgang Schmid, Head of Marine Propulsion Systems Regional North America and Central America.

ZF is a $20 billion, foundation-held industrial colossus with a strong reputation of providing engineered solutions in the diversity of fields that it serves. While the company reaps the majority of its sales in the automotive sector, it is making a concerted push through its Marine Propulsion Systems unit to expand its offering and presences in the commercial maritime business. Wolfgang Schmid, Head of Marine Propulsion Systems Regional North America and Central America, last month hosted MR in the company’s gleaming North & Central American HQ to explain.

30 Jul 2010

Brunswick Reports Q2 2010 Results

--  Total net sales of $1,014.7 million, up 41 percent versus 2009. --  Net earnings of $13.7 million, or $0.15 per diluted share, which includes $0.26 per diluted share of restructuring, exit and impairment charges and $0.02 per diluted share of expense from special tax items. --  Operating earnings of $55.7 million, a $201.1 million improvement from prior year. --  Cash totaled $619.6 million, up from 2009 year-end balance of $526.6 million. --  Increased production and wholesale shipments resulted from low beginning-of-year marine dealer inventories. "The continued successful execution of our strategic initiatives over the past several quarters was a key factor in our improved second quarter results," said Brunswick's Chairman and Chief Executive Officer Dustan E. McCoy.

13 Sep 2000

Will There Be An Oil Tanker Shortage?

Kuwait's finance minister said it was unclear whether there would be enough crude oil tankers to lift additional supplies if producers bowed to consumer pressure for another rise in output. "(Industrialized nations) are asking for a production increase without knowing if there are enough tankers to lift the additional crude," Al-Watan newspaper on Wednesday quoted Finance Minister Sheikh Ahmad al-Abdullah al-Sabah as saying. Sheikh Ahmad added that Western nations were wrong to blame the Organization of the Petroleum Exporting Countries for high oil prices. "We are not the reason behind the high rise in oil prices, but the reasons are psychological, a rise in demand and the inability to market (products)," he said.