Leo Motors Inc Takes Lead in Green Marine Propulsion

By Joseph R. Fonseca
Wednesday, July 02, 2014
Leo Greentier Marines is the premier Korean E-outboard developer and manufacturer

 

Leo Motors Inc. (LEOM) has acquired by merger 100% of its affiliate company, Leo Greentier Marines (LGM) through a share exchange.

LGM is the premier Korean E-outboard developer and manufacturer. They bring LEOM an effective fossil fuel alternative to conventional boats dramatically reducing CO2 and a variety of other water pollutants.
 

Initially intended to support Korea's commercial fishing fleet, LGM developed a high quality performance electric power system for boats that will revolutionize the marine market sector. The motor is lower in noise, vibration, and fuel consumption. LGM's e-Power system also reduces maintenance costs.

The new e-boat gives fishermen significant reduction in energy costs. For each 100,000 km, traveled, an internal combustion engine $40,000 in fuel while the e-boat spends approx. $4,000, a 90% reduction in operating cost.

LGM has 7 patents and 15 patents pending. These patents include the remarkable Cartridge Battery Systems (CBS) technology.. CBS consists of 15-30 cartridges in a battery power pack. Such batteries are lightweight and can be recharged and replaced easily.
 

Maintenance costs are reduced by having only one tenth of the moving parts of standard motor boats. Lifespan of the outboard is doubled by the use of aluminum based corrosion resistant components.
 

Coping with the global trend toward Green Management, the International Maritime Organization (IMO) has imposed regulations to decrease carbon dioxide emissions from boats by more than 30 percent. The Korean government initiated a pilot project converting 40 fishing boats into e-boat in 2014.

Government subsidized approx. $30,000 per boat in this pilot project. Government expects to convert at least 10 percent of fishing boats below 3 tons over the next 10 years. (Converting approximately  5,500 boats.)
 

In addition to addressing the $2 billion Korean small e-fishing boat market, the merger stages LEOM to be the leading company in the $55 billion global ocean leisure market.
 
 


 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Desulfurization of Exhaust Gases in Shipping

Are shipowners prepared to enter SECA zones?   Due to existing regulations on air exhaust emissions from the International Maritime Organization (IMO), and with

Cummins Reports Revenue Jump in Q2 2014

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013.

Master Marine Delivers Z Drive Towboat

Master Marine, Inc. delivered its first 2,000 hp Z Drive inland river towboat last month. The towboat represents the first vessel (Entech Design) of this series by the yard.

Environmental

Control of Emission from Vessels in Hong Kong Waters

Amendments to the Shipping and Port Control Ordinance (Cap. 313) and the Merchant Shipping (Local Vessels) Ordinance (Cap. 548) to enhance the control of dark

Desulfurization of Exhaust Gases in Shipping

Are shipowners prepared to enter SECA zones?   Due to existing regulations on air exhaust emissions from the International Maritime Organization (IMO), and with

Valemon Topsides Installed

On Monday, July 28, the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is

News

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

Crew of USCG Cutter Thetis to Return today

The crew of the Coast Guard Cutter Thetis, a 270-foot medium endurance cutter based out of Key West, Florida, is scheduled to return to homeport Tuesday at 11:45 a.

Control of Emission from Vessels in Hong Kong Waters

Amendments to the Shipping and Port Control Ordinance (Cap. 313) and the Merchant Shipping (Local Vessels) Ordinance (Cap. 548) to enhance the control of dark

Vessels

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,

Danaos Corporation 2Q and 1H 2014 Results

Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014.

Mergers & Acquisitions

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

Braemar Completes Merger with ACM Shipping

Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services,

LNG to Acquire Bear Head LNG Project in Canada for US$11 mi

Liquefied Natural Gas Limited today announced that it has significantly expanded its presence in the North American Liquefied NaturalGas (LNG) sector by signing

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1590 sec (6 req/sec)