HEECO Eyes New Markets for Expansion
The Humber Electrical Engineering Company (HEECO) in the United Kingdom has consolidated its marine presence and developed into new oil and gas markets.The Hull-based electrical manufacturing business is known for the design and build of switchboards, motor control centers (MCCs) and control…
Offshore Vessels: Squall Delivered to Jackson Offshore Operators
BAE Systems delivered its fourth and final of series platform support vessel (PSV) to Jackson Offshore Operators, LLC, completing a four-ship program that began in 2012. Motor Vessel Squall joins three other vessels built by BAE Systems’ Jacksonville, Florida, shipyard to support U.S. offshore oil exploration.
Ballard Power Posts Smaller-Than-Expected Loss
Canadian fuel cell maker Ballard Power Systems Inc posted a smaller-than-expected quarterly loss, helped by higher revenue from its engineering services and material handling businesses. Revenue from Ballard's engineering services business, which counts Volkswagen AG among its customers, rose nearly threefold in the first quarter ended March 31.
BAE Get Funding to Build 3 New UK Offshore Patrol Vessels
The Ministry of Defence (MOD) has signed a £20 million contract to buy equipment for the Royal Navy's 3 new offshore patrol vessels (OPVs). The contract will enable BAE Systems to begin work on the engines & gearboxes, etc. that need to be ordered in advance. During a visit to the company’s shipyards on the Clyde in Scotland…
