Johan F Andresen News

The ethics watchdog for Norway's $1-trillion wealth fund will focus this year on shipbreaking on India's beaches, which endangers workers and pollutes the sea and sand.The world's largest sovereign wealth fund, created from the proceeds of Norway's oil industry, operates under ethical guidelines set by parliament.The fund's Council of Ethics checks that companies the fund invests in meet these ethical standards. It set out its latest priorities in its annual report published on Wednesday.Johan H.

SeaMetric International AS, Stavanger, Norway has during December 2007 ordered a package of 24 MAN Diesel marine generating sets type 8L27/38 for four specialized heavy-lifter transport vessels. Additionally, a Memorandum of Understanding has now been agreed upon between MAN Diesel and SeaMetric International for future identical GenSets to power planned newbuildings. The agreement was officially signed on January 18, at a special ceremony at the Copenhagen DieselHouse. The GenSets…