Tanker Operator ABS, Sembcorp Marine, 3D Metalforge and Polar Tankers in landmark additive manufacturing project tankeroperator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tankeroperator.com Daily Mail and Mail on Sunday newspapers.
3D Printed Parts Installed On Oil Tanker
Maritime Activity Reports, Inc.
(Image: ABS)
Additive manufactured parts have been built, tested and installed on board the U.S.-flagged oil tanker Polar Endeavor
Traditionally, parts used in shipbuilding and repair are manufactured via casting or forging techniques. For this project, a consortium consisting of ABS, Sembcorp Marine, 3D Metalforge and ConocoPhillips Polar Tankers Inc. (Polar) aimed to utilize additive manufacturing (AM) to fabricate three types of parts that surpass conventionally manufactured products in terms of quality. These AM parts have passed rigorous approval, reliability and safety tests.
Also known as 3D printing, AM is the fabrication of parts by adding material layer by layer. It means products and components can be fabricated locally or potentially on board ships and offshore assets, shrinking the supply chain and lead times for specialized and complex parts, introducing new efficiencies driven by design innov
In Bond Issuance, Fidelity Bank Raises N41 21bn thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Fidelity Bank Plc issues largest ticket Tier II local bonds in Nigeria
On
By Babajide Komolafe
Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031.
The bond issuance which was fully subscribed, given that total investor interest and commitments in the bonds were N56.6 billion, adds to the impressive portfolio of landmark transactions structured by the bank, and underscores its capacity to successfully execute debt capital market transactions.
The transaction is a landmark achievement in the Nigerian domestic debt market for being the largest corporate bonds ever issued by a Nigerian Bank including the deposit money banks and merchant banks etc.