ABB Wins LNG Contract

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ABB has received an order to deliver advanced electrical propulsion systems for four LNG carriers under construction by Hudong-Zhonghua Shipbuilding (Group) Co. Ltd.

The LNG carriers are a joint venture between China National Offshore Oil Corp. (CNOOC), China LNG Shipping (Holdings) Ltd (CLNG) and Teekay. The LNG carriers will operate under 20-year time-charter contracts with Methane Services Ltd, a wholly-owned subsidiary of BG.

Under the contract, ABB will provide the LNG carriers with medium voltage generators, medium voltage switchboards, propulsion drives, propulsion transformers, propulsion motors and propulsion control systems. In addition to this, ABB will also provide the installation and commissioning of the equipment and training.

Heikki Soljama, Managing Director for ABB’s Marine and Ports business, said: “China has developed into one of the leading shipbuilders in the world through a high level of competence in the design and building of LNG vessels. As a leading supplier of electrical systems for the marine industry, ABB continues to deepen cooperation with customers like Hudong-Zhonghua Shipbuilder and utilise our rich industrial experience and technical expertise to support the further development of China’s shipbuilding industry.”

ABB has extensive experience across the LNG supply chain, providing complete power and automation solutions to ensure safe, environmentally friendly and profitable LNG operations. The company delivers projects to the entire LNG value chain, from gas production to regasification and distribution. It also provides services that extend the lifetime of assets in the LNG value chain.

Source: www.lngindustry.com

Link: http://tinyurl.com/p73wnza

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.