General Electric Company’s (GE) transportation segment, GE Marine, has announced the selection of its Tier 4 Marine diesel engines by Harvey Gulf. The engines enjoy healthy demand cycle on the back of its reliability, EPA Tier emissions, low-cost cycle, lesser weight and space efficiency.
GE Marine displayed its new software-based navigational solutions and marine engines at booth #3128 of the International WorkBoat exhibition. Following that, Harvey Gulf purchased two of General Electric’s Tier 4 Marine diesel engines for its multiple-use field support vessel.
Partnership with Harvey Gulf has significantly augmented GE Marines’ brand status in the global diversified machinery market. Further, after completion of the deal, the company would be able to prove not only the competency of its Tier 4 Marine engines in terms of modern technology but also its conformity with the strict environmental regulations implemented worldwide.
GE Marine offers maritime, offshore and naval industrial solutions globally, aiming to utilize advanced technologies without hampering the aesthetic value or quality of the environment. In addition to clean power generation, GE Marine accurately propels and installs vessels in ways that enhance their capacity and output. The new engines suffice EPA Tier 4 emission principles.
Harvey Gulf offers multi-purpose vessels and offshore supplies for deep-water operations conducted in the Gulf of Mexico, U.S. The company will be among the first buyers of GE Marine’s Tier 4 diesel engines.
With a market capitalization of $264.91 billion, General Electric currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks worth considering in the industry include Federal Signal Corp. (FSS), Noble Group Limited (NOBGY) and Carlisle Companies Incorporated (CSL). While both Federal Signal and Noble Group sport a Zacks Rank #1 (Strong Buy), Carlisle Companies holds a Zacks Rank #2 (Buy).
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