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China Developing Floating Nuclear Power

China will prioritize the development of a floating nuclear power platform in the next five years, according to China Daily.The move is an effort to provide stable power for offshore projects. The news was announced by Wang Yiren, vice director of the State Administration of Science, Technology and Industry for National Defense who also highlighted potential application in the South ...

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America’s Tropical Shipping Orders Complete MAN Diesel & Turbo Packages

Tropical Shipping, the largest provider of reliable logistics solutions to the Bahamas and Caribbean, has ordered a series of MAN propulsion packages in China to complement an expansion of its vessel fleet. The company has ordered 4 × 1,100-teu container vessels, each equipped with an MAN B&W 6S60ME-C8.5 main engine, complete with TCA66-21 turbocharger and an SCR (Selective Catalytic Reduction) ...

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New Norwegian Shipping Company Provides Solution For Cleaner Fuel For Ships

CRYO Shipping AS has developed a new type of tanker design that will enable ship owners to implement clean and cheap bunkers. By major conversion of offshore vessels into LNG tankers the new established company aim to become the world’s first and largest LNG feeder and bunker operator. CRYO Shipping specializes in regional short sea shipping of liquefied natural gas ...

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China Shipbuilding Pushing Technology Envelope

China Shipbuilding Industry Corp (CSIC) has begun to upgrade the design of its first-ever floating nuclear power platform ready for a wider spectrum of applications. The company is also expanding its submersible construction activities.The floating nuclear technology can be used to provide electricity for oil rigs, offshore desalination plants or in remote areas such as the South China Sea. It ...

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GM, Honda to announce fuel cell technology advance – sources

DETROIT: General Motors Co and Honda Motor Co are expected on Monday to announce an expansion of their collaboration on fuel cell technology development, people familiar with the plans said following a notice of a press conference. GM and Honda on Friday said two senior executives would hold a news conference in Detroit with Michigan’s Lieutenant Governor, Brian Calley. Mark ...

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Microsoft’s market value tops US$500 billion again after 17 years

REUTERS: Microsoft Corp’s market capitalization topped US$500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. Shares of the world’s biggest software company rose as much as 2.1 percent to US$65.64, an all-time high, in early trading, valuing the company at US$510.37 billion. The ...

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Russia Expands its Naval Base at Tartus

  On Wednesday, Russia and Syria finalized an agreement that would expand the territory of the Russian naval base at Tartus. In return, Russia will help Syria refurbish its naval vessels.Tartus was the southern terminus of Russia’s “Syrian Express” supply convoy during the Syrian civil war. It has been in Russia’s possession in one form or another since 1971, and ...

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GM to invest US$1b in US manufacturing, create 5,000 jobs

WASHINGTON: General Motors said on Tuesday (Jan 17) it will invest an additional US$1 billion in US manufacturing operations and create up to 5,000 jobs in the coming years, for which Donald Trump immediately took credit. The investments in new vehicle and advanced technology are tied to 1,500 new and “retained” jobs, while 450 will be returned to the US ...

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GE unit wins new Alba power plant deal

GE Power, a division of GE, today announced an order from Aluminium Bahrain (Alba) for a turnkey combined-cycle power plant, including three GE HA gas turbines, which will power the world’s largest single-site smelter. This win marks the first order for GE H-Class turbines in the Gulf, as well as the first use of H-Class turbines by the aluminum smelting ...

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Global clean energy investment falls to US$288 billion in 2016 – research

LONDON: Clean energy investment worldwide fell by 18 percent to US$287.5 billion last year due to sharp falls in renewable technology prices and less spending on projects by large markets China and Japan, research showed on Thursday. Chinese investment in renewable sources of energy, such as wind and solar, was US$87.8 billion last year, 26 percent lower than an all-time ...

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