ABB Reports Steady Orders, Higher Revenues in Q3 2012

ABB report solid performance in an uncertain market in its third quarter 2012 financial report. Financial highligts: • Group operational EBITDA1 margin stable vs Q2 2012, including Power Products • Orders and revenues…

People & Company News

Tankship Sold For Conversion to FPSO

Belgian owners, Euronav NV, of the VLCC 'Algarve' announce its delivery to the new owner for conversion. The 298,969 dwt VLCC Algarve , built in 1999, was sold for USD 35,875,000 yielding Euronav a capital gain of USD…

Contracts

ASA Committee Chairmanship Passed to John K. Fulweiler

John K. Fulweiler, Esq. assumes Chair of the American Salvage Association's (ASA) Membership Committee. A Proctor-in-Admiralty, John is excited about the opportunity of continuing to support and contribute to the ASA's…

People & Company News

ABS Releases Ship Environmental Management Software

ABS's Energy & Environmental Manager module supports regulatory compliance and operational efficiency. Classification society ABS release its new Energy & Environmental Manager module within NS5 Enterprise, the…

Technology

Wind Energy Generation Beats Gas Turbines

Ernst & Young conducted a study that presents an integrated analysis of the value creation potential of wind energy. The study was commissioned by Acciona and EDP Renováveis and compares two energy technologies, Combined…

Technology

OW Bunker Acquire Bergen Bunkers

OW Bunker to acquire the entire share capital of marine fuels & lubricants supplier Bergen Bunkers AS. Bergen Bunkers has offices in Bergen and St Petersburg, and provides fuel and lubricants to some of Norway's leading…

Contracts