FC Business Intelligence says: With the high price of low sulphur diesel and increasingly aggressive Emissions control areas (ECAs) in US waters, shipping firms and gas giants are looking to LNG as the next step in the evolution of marine fuel.
General Dynamics NASSCO and Totem Ocean Trailer Express Finalize Design Contract for LNG Conversion of Orca Class
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), announced today that it has finalized a contract with Totem Ocean Trailer Express (TOTE) to design the conversion of the company’s two existing Orca Class, diesel-electric trailerships to liquefied natural gas (LNG) propulsion.
Since 2008 there has been a sharp rise in attacks by pirates off the coast of Somalia on ships transiting the Gulf of Aden and Indian Ocean. Armed gangs have been hijacking vessels and demanding ransoms for the release of both vessels and crew. These attacks affect the peace and security of the region.