Awilco LNG Adds One More to Its Fleet

first_imgzoom The second of the first two liquefied natural gas (LNG) carriers to be ordered by Norwegian LNG transportation provider Awilco LNG has been delivered on time and on budget after concluding a successful sea trial. The Wilpride, like its identical sister the Wilforce, was built by Daewoo Shipbuilding & Marine Engineering (DSME) at its shipyard near Busan, South Korea.Both are tri-fuel diesel electric ships incorporating induction-based electric propulsion motor technology from GE’s Power Conversion business.The Wilpride was handed over in late November, two months after the Wilforce completed a similarly incident-free sea trial.For both vessels, GE supplied a complete system comprising of two 12.5 MVA and two 6.2 MVA generators, main and cargo switchboards, four transformers, two converters, two 11.5-megawatt motors and remote control.GE provided its expert project management, system and equipment engineering, commissioning and assistance for sea and gas trials.Awilco LNG now has five LNG carriers in its fleet; its first three are all steam powered.In recent months, GE and DSME have partnered on no fewer than 14 LNG carrier projects, four of which have recently been completed (two for Awilco and two for Maran Gas). The majority of the remaining 10 carriers will be delivered during 2014.Press Release, July 3, 2014last_img read more

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Small businesses add a weak 6,000 jobs in March, ADP says

NEW YORK — Small business hiring weakened further in March, a sign that owners are becoming more anxious about forecasts for a slower economy.That assessment Wednesday comes from payroll provider ADP, which said its business customers with up to 49 employees created only 6,000 jobs last month. That’s down from a revised 19,000 in February and dramatically lower than 98,000 in January.Although many owners have said in surveys they’re confident about their own companies, they’ve expressed concerns about the economy. Many economists predict slower economic growth this year, and measures of consumer confidence have generally fallen in recent months. Consumer spending is key to the strength of many small businesses, especially retailers, restaurants and service providers who cater to the consumer.The ADP report was released the same day as a Capital One survey that showed small business owners are losing some of their optimism and are less willing to hire. Fifty-nine per cent of the 500 owners questioned said business conditions are good or excellent, but that’s down 8 percentage points from a survey six months earlier. And 29% said they plan to hire in the next six months, down from 33%.The drop in small business hiring recorded by ADP was in line with slower job creation at companies of all sizes. ADP said businesses added 129,000 jobs in March, down from February’s 197,000.But small businesses have been more cautious about hiring since the Great Recession began more than 11 years ago; in the Capital One survey, 29% of the owners who don’t plan to hire said they economy makes them too nervous to take on the added costs of a larger payroll.The Capital One survey showed owners are being conservative in other ways: 49% said they would be more cautious about taking on inventory or supplies.Many owners have also said over the past few years that they can’t find skilled workers for many of their job openings. However, the sharp drop in hiring the past two months points to concerns about the economy and how it will affect small business revenue and profits.The Associated Press read more

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