Cavotec revenues jump more than 50 per cent
Global engineering group Cavotec published its 4Q11 report this morning with total revenues up 50.8 per cent compared to 2010, coming in at EUR 60.2 million.
Global engineering group Cavotec published its 4Q11 report this morning with total revenues up 50.8 per cent compared to 2010, coming in at EUR 60.2 million.
Cavotec has won three orders for cable reel systems by industrial equipment manufacturer ZPMC for port operators DP World and Patrick Terminals that will power ship-to-shore cranes at applications in Australia, Brazil and the UK.
The Port Equipment Manufacturers Association (PEMA) has announced that six new companies have joined the organisation, taking its total membership to 60. The new members are APM Terminals Crane & Engineering Services, TMEIC Corporation, Banner Engineering Europe, Gaussin, Phoenix Products and Moffatt & Nichol.
Cavotec's automated mooring system, MoorMaster, recently won the International Bulk Journal's award for safety in bulk handling, the latest in a series of awards for the innovative technology.
Cavotec has completed work on the development of a unique marine propulsion system that, in conjunction with an innovative ship design, promises to improve fuel consumption by up to 25 per cent.
Cavotec is delighted to hear that the Port of Gothenburg, one of the Group's long-term partners on shore power technologies for ships, has won the prestigious Energy Globe Awards 2011 for its shore power initiatives and their contribution to improving air quality in and around the Port. Cavotec and the Port of Gothenburg have worked together closely on shore power since the 1980s.
The Port of Los Angeles has developed a Carbon Calculator for ports to estimate greenhouse gas levels from their operations and explore reduction strategies. The neighbouring Port of Long Beach, meanwhile, has unveiled its latest shore power installation in its continued bid to reduce port-wide emissions.
The Queen Elizabeth Prize for Engineering is a pioneering new award designed to recognise and encourage innovation in engineering. The £1 million prize, officially launched this month, is international and aims to show how engineering can make a difference to the world.
Cavotec has won a contract to electrify eight rubber tyred gantry (RTG) cranes at DP World's Jebel Ali port in Dubai; a move that will realise significant reductions in energy costs and emissions.
Cavotec’s innovative automated mooring solution MoorMaster™ was a key component in two significant awards this month. A 2011 Western Australia Engineering Excellence Award and Australia Bulk Handling Award 2011 for Best Practice in Occupational Health & Safety both went to Cavotec partners that rely on MoorMaster™ for the safe mooring of vessels.
Cavotec's automated mooring technology, MoorMaster™, wins two awards celebrating engineering. Firstly, the technology was a key component in the Port Hedland Port Authority (PHPA) and Pinc Group’s successful entry for the 2011 Western Australia Engineering Excellence Awards. The second award was the Australia Bulk Handling Award 2011 for Best Practice in Occupational Health & Safety.
Environmentally-friendly biofuels have been hitting both the headlines and the skies this week when a United Airlines aircraft successfully completed a commercial flight powered by biofuel. Several other leading airlines have also experimented with biofuels as a way of reducing emissions and combatting rising oil prices.
Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions that enable the decarbonisation of ports and industrial applications. Backed by more than 40 years of experience, we provide systems that ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide.
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