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...Cargill’s head of ocean transport has called on the shipping industry to give wind power a chance in its efforts to decarbonise, as one of the world’s largest marine freight operators prepares to test the...
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...Earnings Bumble Inc is expected to show a rise in fourth-quarter revenue, driven by strong growth in paying users for its dating apps....
...I mean, from the customers you're talking to, are they concerned that China Inc, as it were, has cornered the market for battery materials?...
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...Rolls-Royce still expected to meet its profit guidance for this year, he added, although the outlook for its marine and industrial engines businesses remained “mixed” for 2017....
...The company laid off about 10,000 workers at its offshore and marine unit last year....
...“For us to earn the funds to grow in the [domestic] market, we need an engine for growth outside Japan,” he adds....
...early conversations between ValueAct and Rolls-Royce say that the hedge fund has been pushing the company to accelerate its cost-cutting plans as it deals with the transition to a new generation of aero engines...
...Some investors have been calling for the sale of the company’s poorly performing marine engine and power systems businesses....
...By the time the twin-engine G650s reach the front of the hangar they are nearly ready to be flown to their customers....
...The British government’s Longitude Act of 1714 offered rewards for improvements in naval navigation and gave the world the marine chronometer....
...The western military market is now in a downturn, and this is a factor behind plans unveiled this week by United Technologies Corporation, the elevator and aircraft engine maker, to spin off Sikorsky, its...
...But it could also help tackle the problem of overfishing that now affects nearly a third of the world’s marine fish stocks....
...This month Nautilus Minerals, the first company to be awarded a deep sea mining lease anywhere in the world, signed an engines contract for a mining support vessel, which will process minerals off the coast...
...Lighter fuselages, new wings and efficient engines are financially valuable but unspectacular....
...A love of tinkering with engines is a good escape from his day job running Australia’s ANZ, which has grown into a banking behemoth....
...Markets: Asia-Pacific markets started the new week with broad gains, even in the face of new data showing that China’s manufacturing engine continued to stall this month....
...But for most capital-intensive ventures, such as marine and tidal energy, it is often inadequate....
...Strong demand for fuel efficient civil aircraft engines and the sale of its stake in IAE, the engine manufacturer, allowed Rolls-Royce to overcome tougher times in its defence and marine sectors as it reported...
...Last year’s purchase of marine engine maker Tognum and the sale of its International Aero Engines joint venture had “transformative implications for Rolls-Royce’s valuation”, Redburn said....
...Rolls took on 4.8 per cent to 770½p after better than expected full-year figures from Tognum, its marine and industrial engine joint venture with Daimler....
...“The failure of a single electronic part can leave a soldier, sailor, airman or marine vulnerable at the worst possible time....
...Daewoo Shipbuilding & Marine Engineering jumped 8.7 per cent to Won44,250. The Kospi index climbed 0.8 per cent to 2,216....
...But some other shipping lines – particularly Singapore’s Neptune Orient Lines and Taiwan’s Evergreen Marine – have been sceptical that it would be possible to find enough cargo to fill such ships profitably...
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