GERMANY has invoked national security concerns to block the sale of a gas turbine business to a Chinese company, reports London's Financial Times.
In the latest western move to protect sensitive technologies from misuse in China, came a veto on the sale of MAN Energy Solutions' unit.
This comes at a time when Berlin tries to chart a more security-conscious path in its relations with China, its largest trading partner.
'We confirm that the federal government has decided not to approve the sale of our gas turbine business to CSIC Longjiang GH Gas Turbine Co,' said Augsburg-based MAN, a Volkswagen unit. 'We respect the government's decision.'
CSIC Longjiang is a subsidiary of the China State Shipbuilding Corporation, which makes engines for Chinese warships.
SFL Corporation orders 5 LNG dual-fuel 16,800 TEUers for charter
BERMUDA-based SFL Corporation has announced that it has agreed to build five 16,800-TEU vessels with scheduled delivery in 2028 at a cost of US$1 billion, reports Hellenic Shipping News Worldwide.
The vessels will have LNG dual-fuel propulsion and the latest features in fuel efficiency and cargo intake optimisation.
SFL has also agreed to a minimum 10-year time charters with a leading liner company from delivery, adding US$1.2 billion to our charter backlog. There will be an option to extend the charters for another two years, and purchase options at the end of year 10 and 12, including a profit share feature.
Said SFL Management CEO Ole Hjertaker: 'With these vessels delivered, we will have 11 LNG dual-fuel vessels, and it demonstrates our commitment to continue expanding our investment focus to assets with a lower carbon footprint.'
SeaNews Turkey
In the latest western move to protect sensitive technologies from misuse in China, came a veto on the sale of MAN Energy Solutions' unit.
This comes at a time when Berlin tries to chart a more security-conscious path in its relations with China, its largest trading partner.
'We confirm that the federal government has decided not to approve the sale of our gas turbine business to CSIC Longjiang GH Gas Turbine Co,' said Augsburg-based MAN, a Volkswagen unit. 'We respect the government's decision.'
CSIC Longjiang is a subsidiary of the China State Shipbuilding Corporation, which makes engines for Chinese warships.
SFL Corporation orders 5 LNG dual-fuel 16,800 TEUers for charter
BERMUDA-based SFL Corporation has announced that it has agreed to build five 16,800-TEU vessels with scheduled delivery in 2028 at a cost of US$1 billion, reports Hellenic Shipping News Worldwide.
The vessels will have LNG dual-fuel propulsion and the latest features in fuel efficiency and cargo intake optimisation.
SFL has also agreed to a minimum 10-year time charters with a leading liner company from delivery, adding US$1.2 billion to our charter backlog. There will be an option to extend the charters for another two years, and purchase options at the end of year 10 and 12, including a profit share feature.
Said SFL Management CEO Ole Hjertaker: 'With these vessels delivered, we will have 11 LNG dual-fuel vessels, and it demonstrates our commitment to continue expanding our investment focus to assets with a lower carbon footprint.'
SeaNews Turkey
