The Switch Extends DC Protection with Capability for Direct Battery Connection
Finnish marine power electronics specialist’s new Electronic Current Limiter (ECL) enables batteries to connect directly to DC systems while preserving ride-through and system stability.The Switch has expanded its portfolio of DC protection technologies with the ECL to address a growing challenge in modern hybrid and electric vessels: how faults in large battery systems can affect the rest of the ship. As batteries play a larger role in vessel propulsion, power generation and energy storage, a fault on the battery side is no longer a local issue.
Samsung, Hyundai Announce Domestic Investments After Korea-US Deal
Samsung Electronics, Hyundai Motor and other major South Korean manufacturers on Sunday unveiled domestic investment plans, as a U.S. trade deal raised concern investment in the U.S. could weaken manufacturing at home.Samsung Electronics will add a chip production line at its plant in the South Korean city of Pyeongtaek to meet rising demand amid the global boom in artificial intelligence, as part of the parent group's 450 trillion won ($310.79 billion) investments at home over the next five years…
Microscopic Wave Machine Mimics Ocean Waves
Researchers from Australia’s University of Queensland have made a microscopic “ocean” on a silicon chip to miniaturise the study of wave dynamics.The device, made at UQ’s School of Mathematics and Physics, uses a layer of superfluid helium only a few millionths of a millimetre thick on a chip smaller than a grain of rice.Dr Christopher Baker said it was the world’s smallest wave tank, with the quantum properties of superfluid helium allowing it to flow without resistance, unlike classical fluids such as water…
Floating Offshore Wind Test Center Planned for Japan
Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects.Mitsubishi-led consortia 8058.Tdropped plans last month to build 1.8 gigawatt (GW) in three offshore windmills won in Japan's first major state auction in 2021, dealing a blow to the sector seen as key to cutting dependence on imported fuels."We must conduct verification tests in Japanese waters as Japan's ocean and weather conditions differ from those in Europe…
US Commerce Disorganization Stalls Thousands of Export Approvals
Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U.S. Commerce Secretary Howard Lutnick has become a familiar face touting President Donald Trump's tariff and trade deals, sources said the export bureau under Lutnick's command has failed to issue expected new rules, stifled communications with industry representatives…
Cautious Optimism on US, China Tariff Truce
U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.At the end of two days of intense negotiations in London, U.S. Commerce Secretary Howard Lutnick told reporters the framework deal puts "meat on the bones" of an agreement reached last month in Geneva to ease bilateral retaliatory tariffs…
Report: As Momentum Slows, Japan to Sweeten Offshore Wind Rules
Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays.The government aims to have 45 gigawatts of offshore wind capacity by 2040, which is essential to cutting the country's dependence on imported coal and gas for power generation, reducing its carbon emissions and bolstering national security.But its plans have stalled following three major rounds of auctions to develop capacity.
US Drops Website Wording on Taiwan Independence
The U.S. State Department has removed a statement on its website that it does not support Taiwan independence, among changes that the island's government praised on Sunday as supporting Taiwan.The fact sheet on Taiwan retains Washington's opposition to unilateral change from either Taiwan or from China, which claims the democratically governed island as its own.But as well as dropping the phrase "we do not support Taiwan independence", the page has added a reference to Taiwan's cooperation with a Pentagon technology and semiconductor development project and says the U.S.
VPS to Establish New Lab in China
Bunker fuel testing company VPS has joins forces with Lingang New Area in Shanghai to launch a new fuel testing lab and digital decarbonization platform.The partnership brings VPS to the Lingang New Area where it will establish a new facility to support the growth of sustainable fuel solutions including green methanol and LNG. It will provide testing, inspection and certification services.The aim is to drive environmental sustainability by leveraging advanced technology and data insights…
SECNAV Announces Push to Rebuild Michigan's Maritime Industrial Base
The United States' Secretary of the Navy Carlos Del Toro on Monday announced a federal, state and local partnership intended to help rebuild the maritime industrial base workforce required to support the Navy.The so-called Michigan Maritime Manufacturing Initiative (M3) will establish training pipelines and programs to meet the Navy’s need for thousands of new workers and jobs across the state and the broader Great Lakes region. With an initial focus on submarine production skillsets before expansion to other types of ships…
HD Hyundai Marine Solution Jumps in Seoul Debut
HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market. Sizeable South Korean IPOs had dried up during much of 2023 on uncertain market conditions.HD Hyundai Marine Solution shares opened at 119…
OpEd: US Commercial Shipbuilding and Repair Industry Ensures American Strength at Sea
As Senator Roger Wicker of Mississippi once said, “Growth in commercial shipbuilding facilitates growth in the battle fleet.” Sen. Wicker shrewdly recognizes that America’s manufacturing capacity and national security are deeply intertwined. A robust commercial shipbuilding and repair industry is a critical cornerstone of this capacity.For the shipyard industrial base to remain strong and competitive, American innovators need a forward-thinking comprehensive American maritime strategy…
VARD Electro, Yaskawa Environmental Energy / The Switch Ink Deal
Vard Electro signed a multi-million-euro agreement with Yaskawa Environmental Energy / The Switch to supply full DC distribution systems along with its protection devices. With the deal, Vard Electro will be able to serve its clients with design and engineering services that take advantage of DC distribution solutions.The Switch DC-Hub is a technology for a multi-megawatt DC distribution system, designed and optimized from the start for DC distribution. The Switch DC-Hub comes…
World Trade Boom Keeps De-globalization at Bay
Globalization may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable.Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains, debate has raged over how integrated the global economy will be in the future compared with the previous 30 to 40 years.'Globalization' is an amorphous subject. According to the International Monetary Fund, economic globalization refers to "the increasing integration of economies around the world…
Inside the Chinese Port Deal that Divided the German Government
The German government has become divided over a deal, agreed last month, which saw Chinese conglomerate Cosco invest in the Port of Hamburg. The deal had been in the works since September 2021 and was championed by the chancellor (and Hamburg’s former mayor), Olaf Scholz.Scholz’s coalition partners have been vocal in criticising the deal. Chief among them is Robert Habeck, Greens member and Scholz’s economics minister, who expressed his fear that Germany was becoming dependent on Chinese business.
ABB Unveils New Solid State Circuit Breaker
ABB is launching a new solid state circuit breaker to enable the next generation of safe, energy-efficient direct current (DC) power systems. DC power distribution is at the forefront of strategies to make shipping and marine vessels more sustainable and energy efficient – the SACE Infinitus circuit breaker makes it simpler to integrate, protect and control these new DC network architectures for ships of all types and sizes.DC power systems improve fuel efficiency by up to 20 per cent.
World’s Biggest Port is Returning to Normal, but Supply Chains Will Get Worse Before They Get Better
Shanghai is slowly emerging from a grueling COVID lockdown that has all but immobilized the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been canceled, postponed, or rerouted to other Chinese mega-ports such as Ningbo-Zhousan.With the city due to fully reopen on June 1, the port is going to be in overdrive as manufacturers try to fulfil backlogs, with serious knock-on effects around the world.
ABB Expects Supply Bottlenecks to Ease in 2022
ABB expects supply chain bottlenecks to ease during 2022, the Swiss engineering group said on Thursday, after shortages of semiconductors hurt its ability to deliver increasing orders during the fourth quarter.The maker of fast chargers for electric vehicles and industrial drives for factories reported a 21% jump in orders as demand surged from machine builders, food manufacturers and general industry.But revenues grew by only 8% as ABB battled shortages of key components such as semiconductor chips that have hit the rest of industry.
US Trade Chief Tai Seeks Talks with China, Won't Rule Out New Tariff Actions
Top U.S. trade negotiator Katherine Tai on Monday pledged to exclude some Chinese imports from tariffs imposed by former President Donald Trump while pressing Beijing in "frank" talks over its failure to keep promises made in Trump's trade deal and end harmful industrial policies.Tai said the United States would keep all options open as it continues to push China to stop pouring billions of dollars of state subsidies into its semiconductor, steel and other industries that Washington says harm U.S.
China's August Exports Surprisingly Strong
China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.The Asian giant staged an impressive recovery from a coronavirus-battered slump, but economic momentum has weakened recently due to the Delta variant-driven COVID-19 outbreaks, high raw material prices, slowing factory activity, tighter measures to tame…
China's Imports Grow at Fastest Pace in a Decade
China's imports grew at their fastest pace in 10 years in May, fueled by surging demand for raw materials, although export growth slowed more than expected amid disruptions caused by COVID-19 cases at the country's major southern ports.While a brisk recovery in developed markets has bolstered demand for Chinese products, a global semiconductor shortage, higher raw material and freight costs, logistics bottlenecks and a strengthening yuan have dimmed the outlook for the world's largest exporting nation.China's exports in dollar terms in May grew 27.9% from a year earlier…
Teledyne to Acquire FLIR Systems in $8 Billion Deal
Industrial conglomerate Teledyne Technologies Inc said on Monday it will acquire thermal imaging camera supplier FLIR Systems Inc in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology.FLIR shareholders will receive $28 in cash and 0.0718 shares of Teledyne common stock for each share held, the companies said.That implies a purchase price of $56.14 based on Teledyne’s last close, and represents a premium of 28.1% for FLIR shareholders to the stock’s Thursday close.Teledyne and FLIR sell cameras and sensor systems.“Our technologies and products are uniquely co
US-China Cold War Would Redirect Energy Flows
Worsening diplomatic relations between the United States and China are putting a spotlight on their economic inter-dependency in the context of global supply chains for both technology and energy.Top policymakers in the United States and some of its closest allies, including Australia and Britain, have recently hardened the language in which they describe relations with China.China has been labelled a “strategic competitor” for some time but the country is increasingly described as a “strategic adversary” implying a more confrontational relationship.Complaints about unfair trade practices…