Eco Ship Savings Not as High as Yards Claim

During an earnings call for Diana Shipping’s Q3 2012 Results, an analyst posed a question on “eco ships” and what the trade off looks for new versus used since it relates to more fuel efficient level. According to Anastasios C. Margaronis, president of Diana Shipping Inc., fuel-saving ECO ships are not likely to provide shipowners with major savings.

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Hyundai Starts Exporting Environmental Friendly Engine

Korea’s Hyundai Heavy Industries today announced that it has begun exporting its Hyundai HiMSEN H35/40GV gas engine.

The new gas engine runs on liquefied natural gas rather than heavy crude oil and has a maximum power output of 13,000 bhp. The HiMSEN H35/40GV may be used to produce power for onshore power plants, commercial ships or offshore facilities.

Test Run of HiMSEN H35/40GV gas engine

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