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MAN Expects Sales Boost from Chinese Emissions Regs
Maritime Activity Reports, Inc.
The MAN L21/31 engine (Image: MAN Energy Solutions)
Engine manufacturer MAN Energy Solutions said it expects to see increased sales from the imminent China’s Stage II commonly known as the C2-emission standard (GB15097 regulation) due to enter into force in July 2021.
The new legislation will primarily apply to inland waterways, coastal areas and most rivers, covering domestic bulk carriers, feeder containers, oil tankers, passenger RoRos and government vessels, and MAN said it expects the introduction of the new regulations will spur sales of its small-bore, four-stroke MAN L21/31 engine type.
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HONG KONG, May 13, 2021 /PRNewswire/ Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported financial results for the 12-month period ended December 31, 2020 ( Fiscal 2020 ).
The Company had net income of approximately US$769,000 in Fiscal 2020, as compared to net loss of approximately US$146,000 for the fiscal year ended December 31, 2019 ( Fiscal 2019 ). This was attributed by the increase in profit contribution from the affiliate of approximately US$298,000 and the non-recurrent net gain on disposal of a property of approximately US$1,429,000.
The Company s revenues for Fiscal 2020 were approximately US$13,357,000, an approximate 23.2% decrease compared to approximately US$17,399,000 in Fiscal 2019. The decrease was principally caused by the adverse impact of COVID-19 and the China-US escalating trade situation and technology tensions.
Key technologies and solutions for hydrogen fuel cell-powered ships
With the increasingly strict international and domestic standards for air pollutant emission control from ships, various clean alternative fuels are gradually applied on ships. In order to meet these demands, CCS issued the in 2017, and its second chapter provides technical standards for the application of fuel cell systems in ships.
In 2020, the Maritime Safety Administration of the Ministry of Transport of China and CCS started the new compilation of the and the , which are expected to be completed in August 2021. The goal is to minimize the probability and consequences of low temperature, fire, explosion and other risks related to fuel, and to ensure that battery cells using hydrogen or other hydrogen-rich fuels have the same safety level as conventional main engines and auxiliary engines fueled by petroleum.
China Classification Society (CCS) has been named as the best performing International Association of Classification Societies (IACS) member for having the lowest DPI (Deficiency per Inspection Ratio) for bulk carriers. CCS secured the ranking in dry cargo shipowner trade association Intercargo’s latest Benchmarking Bulk Carriers report for 2019-20 (see notes to editors).Intercargo found that CCS .