Volvo Penta Debuts Marine Gas Sterndrive Engines
Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va. “Volvo Penta has a rich history of innovation in marine propulsion, and with these next-generation V8s, we are establishing a new industry benchmark for acceleration, speed, weight-to-power ratio, fuel economy, emissions reduction and proven reliability,” said Ron Huibers, president of Volvo Penta of the Americas.
DP World Profit Up 22%
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015, delivering profit attributable to owners of the Company before separately disclosed items of $405 million, up 21.9% compared to the first half of 2014. Profit for the period attributable to owners of the Company before separately disclosed items of $405 million…
TASI Acquires SignalFire Telemetry
TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts. This new acquisition is strategic to the growth model of TASI, and adds an exciting new wireless communication component to TASI’s Founded in 2006, SignalFire designs and manufactures specialized wireless mesh networking systems for uses in challenging and hazardous locations.
Gazprom, OMV Meet on Establishing Nord Stream JV
At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV, issues of the Nord Stream II project implementation, particularly, the preparations for the Shareholders' Agreement on setting up a joint venture for constructing the new gas pipeline were addressed. This was pursuant to the June 18…
Marad Celebrates Deployment of Maritime Fuel Cell Project
The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell unit to power onboard refrigerated containers. MARAD, through a cooperative agreement with the U.S. Department of Energy, provided $815,000 to fund the clean energy powered container unit that could pave the way to dramatically reduced harmful emissions at the Port of Honolulu.
China Passes New Pollution Law, Will Cap Coal Consumption
Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption…