Mobile Battery MgBOX in Sea Trials
Japanese marine renewable energy technology compan Eco Marine Power (EMP) is conducting an evaluation trial using the MgBOX fuel cell or air battery in co-operation with Furukawa Battery Co., Ltd. (Furukawa Battery) and several ship owners.These trials will help determine how this innovative emergency battery can be best stored and used on ships. Once this work is completed it is planned to make the MgBOX available for use worldwide on a variety of vessels, offshore platforms & other marine applications.The MgBOX is a small and portable emergency magnesium (Mg) air battery developed by Furukawa Battery.
UK Subsea Sector Set to Increase Exports in 2017
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017. More than half (56%) expect overseas sales to increase between 1% and 49% with only 17% not expecting any increase in export revenues. A third of companies surveyed do not yet know what effect Brexit will have on their export plans, with 49% believing that it will have no impact on their plans.
VLCC Rates to Hold Firm as Owners Await MidEast Cargoes
Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday. "The market is taking a bit of a breather. The market is waiting for Saudi Arabian cargoes," said Captain Ashok Sharma, managing director of broking house BRS Baxi Far East in Singapore. These are expected to be released early next week, followed by cargoes from Kuwait and the United Arab Emirates.
MHI,Toho Gas Jointly Develop Gas Cogeneration system
Tokyo, March 18, 2015 - Mitsubishi Heavy Industries, Ltd. (MHI) and Toho Gas Co., Ltd. have jointly developed a new 450-kilowatt (kW) gas cogeneration system. The new product will be launched into the Japanese market by both companies on April 1. The newly developed gas cogeneration system, which is based on a previously introduced 380kW system, achieves an outstanding power output of 450kW, made possible primarily through optimization of combustion and the adoption of components enabling superior efficiency.
MHI to Transfer Ownership Stake to MEG
Mitsubishi Heavy Industries, Ltd. (MHI) yesterday concluded an agreement with Miyaji Engineering Group, Inc. (MEG) whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. (MBE), a group company, to MEG. Simultaneously, a shareholders agreement was also concluded between MHI and MEG. The Japanese market for social infrastructure is currently very robust, with strong demand in widespread evidence for projects to spur recovery in regions affected by the Great East Japan Earthquake…
