Pacific Green signs agreement with Union Maritime Limited for US$29.4m to install its ENVI-Marine™ System on sixteen vessels
Pacific Green Technologies Inc through its wholly owned subsidiary, Pacific Green Marine Technologies Inc. ("PGMT"), has executed a sale and purchase agreement dated September 10, 2018 with Union Maritime Limited ("Union") pursuant to which PGTM will manufacture and install its ENVI-MarineTM System on up to sixteen vessels between now and March 2020 for a total value of approximately US$29.4m.
Norway’s DNB Markets has published an in-depth report on scrubber uptake across the shipping industry and is forecasting the technology add-on to vessels is a good investment and should pay back in less than 18 months after the global sulphur cap kicks in on January 1, 2020.
Pacific Green Marine Technologies Inc. Signs Agreement With Ship Management Company For 25 ENVI-Marine™ Exhaust Gas Scrubber Production Slots
Pacific Green Technologies Inc. is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc., has signed an agreement with an unnamed international operator for twenty-five (25) production slots.
Pacific Green Technologies Launches Innovative Fleet Management Pricing Agreement Structure For Marketing Its Exhaust Gas Scrubbing System To Ship Owners & Charterers
Pacific Green Technologies Inc., owner of the ENVI-Marine™ Exhaust Gas Scrubbing System (System), has in conjunction with PGT’s Joint Venture partner PowerChina SPEM developed an innovative fleet management agreement for Ship Owners to reserve production slots for their vessels on either a Fabrication or Fabrication plus Install basis (Fleet Management Pricing Agreement).
We noticed an interesting article by Dale Wainwright in Tradewinds recently...
Pacific Green Marine Technologies Limited Signs Agreement With Union Maritime Limited to Supply Seven ENVI-Marine™ Scrubbers for Union’s New Chemical Tankers and Bulk Carriers
Pacific Green Technologies is pleased to confirm that its wholly owned subsidiary Pacific Green Marine Technologies Limited has signed an agreement with Union Maritime Limited to supply seven ENVI-Marine™ Exhaust Gas Scrubbing Systems for Union Maritime...
The International Maritime Organization said it approved on Friday an amendment that would ban ships unequipped to strip sulphur from carrying high-sulphur fuel from 2020 - when new sulphur-content limits come into effect.
The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship’s exhaust before letting it out.
Pacific Green Technologies Marine Limited Signs Agreement With International Shipbroker, Poten & Partners
SAN JOSE, CA – February 8th, 2018 - Pacific Green Technologies Inc. (“PGT”) (OTCQB: PGTK) is pleased to announce that its subsidiary Pacific Green Technologies Marine Limited has signed a brokerage agreement with Poten & Partners (“Poten”) to assist PGT in marketing its marine industry leading ENVI-Marine™ Exhaust Gas Scrubbing System.
As the International Maritime Organization's (IMO) 2020 sulphur cap draws closer, insurance broker Marsh has emphasised that non-compliance with the regulations could allow a ship to be declared unseaworthy, threatening to invalidate liability insurance cover.
The implications of the IMO cap will be widespread and there are plenty of questions that remain unanswered, one of which is the impact on insurance policies.