Maritime Data Values Hit The Moon As IHS Markit Sells Out For $44 Billion
by Noor Zainab Hussain (Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger,...
ABB reports today they will be supplying the electrical propulsion systems for the four new LNG carriers that were ordered from Hudong-Zhonghua Shipbuilding last July.
For the Zurich-based automation and power group, this order consists of providing the vessels with medium voltage generators, medium voltage switchboards, propulsion drives, propulsion transformers, propulsion motors and propulsion control systems, together with the installation and commissioning of the equipment and training.
The four ships are targeted to transport liquefied natural gas from BG Group’s Queensland Curtis Island LNG project and will be owned by a consortium of companies including China National Offshore Oil Corporation (CNOOC), China LNG Shipping (Holdings) Limited (CLNG) and Teekay.
ABB cites a research report released by Clarkson Research Services Limited in the UK, noting that more than 80 LNG carriers will be needed annually in the world by 2022 as global LNG production ramps up in places such as Australia, the United States and elsewhere.
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