Phoenix Debuts New Marine-rated LED Floodlights
Milwaukee, Wis. based Phoenix Lighting has unveiled its new series of corrosion resistant, maintenance free, U.S.-made above-deck lighting for the maritime industry.According to Phoenix, the new ModCom 3 family of floodlights provides more light for less cost with powerful, efficient illumination. The ModCom 3 is offered in three sizes, LO, HI, and MAX, emitting 15,000, 30,000, and 52,500 lumens, respectively. The three sizes allow for use in all waterline perimeter, above-deck…
Capstone Expands LNG/Diesel Microturbines in Marine Market
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, is expanding its product offering in the marine market and has appointed six Capstone marine distributors. Capstone marine microturbines, which run on cleaner and less costly liquid natural gas (LNG) or traditional diesel, already are installed on several vessels including the Argonon. The Argonon is a Type C Tanker in the European inland waterways that has been successfully operating with two C30 LNG Capstone microturbines since 2011. "The Argonon has been efficiently running using Capstone microturbines in excess of 20,000 combined hours," said Gerard Deen, Founder of Deen Shipping.
Capstone Turbine Expands Marine Product Line
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, is expanding its product offering in the marine market and has appointed six Capstone marine distributors. In addition, the company has launched a contest that will give away up to 130 kilowatts of marine power to three existing or new ship owners. Winners will be selected from entries submitted which represent the most compelling marine projects that can be powered by clean-and-green marine microturbines. Entries must be submitted at www.winmicroturbinepower.net by March 31, 2014.
Galasso Joins SI-TEX Sales Team
SI-TEX Marine Electronics has announced the addition of industry veteran Rich Galasso to its team of top sales professionals. The addition of Galasso to the SI-TEX sales team will ensure strong representation for the rapidly growing company in the all-important Southern Florida market. As part of his duties with leading rep group Pilot Marine, Galasso will be responsible for both of SI-TEX’S extensive product lines serving two distinct markets. The SI-TEX brand provides the Recreational boating and light Commercial markets with a full line of sounders…
Thordon Bearings Appoints Mill Log Marine Distributors
Mill Log Marine of Burnaby, B.C. has been appointed the authorized Distributor in British Columbia for Canadian manufacturer, Thordon Bearings replacing W.L. Marine. With this agreement, Mill Log Marine becomes the stocking distributor for the world’s largest manufacturer of non-metallic oil and grease free bearing systems. “Mill Log Marine’s reputation, expertise and knowledge of the marine market gives us great confidence in knowing that our products will be strongly supported in western Canada”, added Jan Willem de Jong, Commercial Director, Thordon Bearings Inc. Don Lindsey, Director of Sales & Marketing for Mill Log Marine stated: “Thordon Bearings Inc. Thordon Bearings Inc.
As Banks Step Down, Equipment Finance Companies Step Up
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally big-ticket items and operating margins can be thin, access to proper financing serves the dual purposes of fleet growing the generation of healthy operating returns. Most shipowners would also agree that financing for maritime assets generally isn't easy to find. There are various reasons for this. One reason is that few lenders focus exclusively on marine finance and a result most lending institutions are not familiar enough with marine assets to feel comfortable financing them.
Cummins,CitiCapital Launch Alliance for Finance
Cummins Inc. and CitiCapital have reached an agreement to promote a co-sponsored marine finance program. Under the agreement customers who purchase Cummins engines for various commercial vessels will receive exclusive finance products provided by CitiCapital. This agreement demonstrates the cooperative efforts of both companies by bringing together the premier manufacturer of marine engines and the world's largest financial services conglomerate. The agreement will initially cover the U.S. "Financing solutions are critical with any marine projects, whether it's a new vessel or a major repower. Cummins Marine customers deserve the very best in products and services.
