High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Milwaukee-based Rockwell Automation Inc. said last week that it has a won a contract with Korean-shipbuilding giant DSME to provide emergency shutdown, fire and gas safety systems, and engineering services for up to 7 new drillships currently under construction in Korea. The $6 million+ contract calls for installation of Rockwell Automation’s leading safety system technology on four state-of-the-art drillships and includes the option for up to three additional ships.
“This win is significant because it propels Rockwell Automation to the forefront of control and safety solutions for offshore vessels and drilling rigs,” said Terry Gebert of Rockwell Automation Global Solutions. “Our solution is unique as it provides a single, flexible, scalable platform using the PlantPAx system to meet the specifications of an integrated control and safety system. Our experience, oil and gas domain expertise, and global resources will help DSME run a profitable and sustainable operation.”
Rockwell Automation recently opened an office in Seoul, South Korea to better service the promising Korean shipbuilding market. “Our customers, partners and others will be able to visualize the power of advanced technology,” said Bob Ruff, president, Rockwell Automation Asia Pacific.
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