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New Dynamic Positioning System from GE Power Conversion Puts Control Back in the Hands of the Mariner


PARIS—May 7, 2013—GE’s Power Conversion business (NYSE: GE) announces that they are bringing enhanced operability to the company’s Dynamic Positioning (DP) system. The latest version, being launched at OTC, is more energy-efficient, better integrated, and—most importantly—more ’mariner friendly’. “We are giving ship control back to the mariners,” says Paul English, Marine Leader of GE Power Conversion. Since they were introduced some 50 years ago, DP systems have become increasingly complex in their configurations and in their operation. Sen... Read More »

GE Applies Variable Frequency to Improve Efficiency of Traditional Ship Propulsion Systems

The British Emerald was the first vessel built by Hyundai Heavy Industries fitted with GE’s electrical propulsion technology (in 2007). (Photo: GE Power Conversion: GEPCPR149)

PARIS—May 6, 2013—GE’s Power Conversion business (NYSE: GE) unveils a new power and propulsion system that reduces fuel consumption by controlling engine speed on platform support vessels at OTC. The Variable Frequency Active Front-End power and propulsion system, or VF-AFE, enables ship owners using conventional power system components to lower engine speeds when feasible, cut fuel consumption, and reduce emissions and maintenance requirements. “We are increasing efficiency of existing technology for the benefit of our customers,” says Paul... Read More »

GE’s Power Conversion Technology to Power Seadrill’s West Mira Semi-Submersible


PARIS—May 2, 2013— GE’s Power Conversion business (NYSE: GE) has signed a multi-million dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semi-submersible drilling platform HHI is building for Seadrill Ltd., which is expected to work in either the North Sea or offshore Canada. “By using our diesel electric power and propulsion technology the components like generators, drives, controlers and switchboards will be optimized to p... Read More »

Wessanen acquires France Alter Eco, the leading French brand in fair-trade food products


France Alter Eco is engaged in organic and fair trade products such as chocolate, coffee, tea and juices.  Under its brand Alter Eco around hundred products are marketed in the grocery, independent stores and out-of-home channels. It has developed strong partnerships with farmers' cooperatives, based on fair trade and respect for human rights and environment. The acquisition does not include France Alter Eco's activities in North America. The company is based in Paris and generated revenue of € 16.5 million in 2012. From its foundation in 19... Read More »

GE to help develop the shipping industry in China by cooperating with the Shanghai Maritime University


PARIS—April 24, 2013—GE (NYSE: GE) has signed an agreement with Shanghai Maritime University (SMU). GE helps improve the capabilities of the shipping engineering community in China by providing laboratory facilities and cooperating on research and innovation projects. Shanghai Maritime University (SMU) is a multi-disciplinary university that encompasses such areas as engineering, management, economics, law, liberal arts, and science, with a special emphasis on shipping technology, economics and management. SMU is one of the leading universit... Read More »

Songwon showcases important additions to its comprehensive product range at Chinaplas 2013


Ulsan, Korea – April 25, 2013 – Songwon Industrial Group (, will once again take its place at Chinaplas 2013 (Hall 10.2, Booth A51) as the second largest manufacturer of polymer stabilizers in the world and a leading global producer and supplier of additives and other chemicals to the plastic industry. Having recently announced positive results for 2012, Songwon continues to demonstrate its global presence by expanding its already comprehensive product range with the addition of two important additives for the polymer industr... Read More »

Boeing and Sberbank announce order for 12 737-800s


Sberbank of Russia and its wholly owned subsidiary, Sberbank Leasing, have reached an agreement on an order for 12 Next-Generation 737-800s. The airplanes are intended for operational leasing under Sberbank's contract with Transaero, one of Sberbank's key corporate customers. Valued at more than $1 billion at current list prices, the deal will help lay the groundwork for developing an environment for finance and operational leasing of imported aircraft in Russia. Sberbank will follow international standards for airplane leasing, allowing it ... Read More »

Tallink received the Award of Most Successful Company in Central and Eastern Europe by Deloitte


According to the Vice CEO of AS Tallink Grupp Mr. Andres Hunt it is a great acknowledgement, as the choice was made among 500 companies. „It is good to see that although the general volumes are not those of the top ten, the success of the operations is evaluated to be among the top three. The important criteria of stability and growth of the operations is also our company`s credo“, said Hunt. Deloitte` Central Europe CEO Alastair Teare said, that „the sheer quality and range of achievement shared by our three award winners is extremely impre... Read More »

Songwon appoints Jungdu Kim as Technical Service Manager for North East Asia


Ulsan, Korea – April 23, 2013 – Songwon Industrial Group ( has appointed Jungdu Kim as their new Technical Service Manager for the North East Asia region (NEA). Effective since April 1, 2013 Jungdu will be responsible for driving technical sales and identifying growth opportunities through providing technical direction and service to customers across Songwon’s extensive product portfolio. Jungdu will also provide support to the commercial organization in implementing value propositions and new product introductions. In this role... Read More »

ARCADIS manages new port for Aqaba


Amsterdam, The Netherlands, Thursday, March 21, 2013 — ARCADIS (EURONEXT: ARCAD), the leading pure play global engineering and consultancy firm, has won a contract with Aqaba Development Corporation in Jordan for providing construction management services and design reviews for their "Aqaba New Port Project". ARCADIS works in a joint venture with the local company Dar Al Handasah. Financials details were not disclosed. The Aqaba New Port Project is one of the most important projects within the Hasehmite Kingdom of Jordan, aiming at turnin... Read More »

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