Genting Hong Kong’s German shipbuilding subsidiary said to be on brink of bankruptcy
Genting Hong Kong’s wholly-owned ship-building subsidiary MV Werften Holdings Ltd (MVWH) is reportedly on the brink of bankruptcy after authorities in Germany stalled on a promise to provide financial assistance.
According to a report by The Maritime Executive, MVWH management informed workers at the company’s three German shipyards on Friday that their monthly pay had been delayed due to complications around loan covenants – understood to be part of a...
India’s Navy, private shipyards flounder as government gives preference to state-owned firms
NEW DELHI — The Indian Navy is unlikely to meet its goal of having a 175-ship fleet in the next five years due to a lack of funds and the government’s preference to award contracts to state-owned shipyards over private businesses, service officials...
Korea Shipbuilding wins 583 billion won frigate order from Philippines
SEOUL, Dec. 28 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has received a 583 billion won (US$490 million) order to build two patrol frigates for the Philippines.
KSOE is the shipbuilding subholding company...
HHI and DSME merger to undergo EU antitrust veto
Both companies failed to offer countermeasures that would resolve competition concerns.
The proposed takeover of Daewoo Shipbuilding and Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) in South Korea will reportedly face a European Union (EU) antitrust veto.
This comes after both firms failed to provide countermeasures that...
Induction is like any other form of cooking, it uses heat. Therefore the results of induction heating have the same effect on food. The induction cooktop creates an electro-magnetic field that causes the metal of the pan itself to get hot.
Safety & Cleanliness
An induction burner turned on to full heat is still cool to the touch. As it heats metal, cookware will become hot, but the burner itself creates no heat. This makes induction much safer than traditional ranges. COCINAS BURAGLIA induction ranges have automatic detectors that shut off the burner when there is no pan present (electronic pot recognition), when the pan is empty (overheating protection), or when foreign objects fall onto the surface of the range indicator.