Ann: Orders Secured for LNG Propulsion Systems, page-75

• 

#ZGL
2 kind of stocks gonna prosper in 2021- one striving to establish green business solutions and other govt funded projects. ZGL the money maker- reducing Sulphur emission from marine vessel engines.... this gonna change whole shipping industry... more orders in pipeline - MC - 28m no brainer...Co also provides dividend to its SHWhy is the Zicom share price rocketing?Yesterday, Zicom announced a $60 million deal to design and supply LNG propulsion systems for several oil product tankers being built for a leading European oil tanker owner. The orders have been scheduled for delivery in 2022/2023.The company cited this deal as a testament of its momentum to transform Zicom’s marine sector. Zicom advised that it has been developing technology for green energy propulsion systems for ocean-going vessels over the past 3 years.The company believes that this strategy now enables Zicom to expand into the entire shipping industry rather than only focussing on offshore marine applications.Zicom also noted that demand in the offshore marine sector appears to be showing some positive signs.New shipping regulations position Zicom for growthThe International Maritime Organisation (IMO), which is part of the United Nations, regulates international shipping.According to Zicom’s announcement, the IMO 2020 rules mandate ocean-going vessels to reduce sulphur emission from engines to 3.5%, down from 4.5%.Meeting this mandate will require that vessels install scrubber filtration systems or use a low sulphur fuel in place of diesel. Each of these options will require technological updates which Zimcom believes the company can support. It therefore views the implementation of the new IMO 2020 rules as a strong growth opportunity.

Not a finiancial advice- dyor