Equipment
Wartsila wins dredger engine
Finnish engine builder Wartsila is celebrating the award of a series of orders to supply propulsion equipment to companies in both the Netherlands and China. In total, the Helsinki-based company will supply engine and propulsion equipment to thre...
2011-07-14 07:19:09
Wartsila buys Cedervall
Finnish engine supplier Wartsila has completed the purchase of Swedish shaft seal and bearing systems manufacturer Cedervall for an undisclosed sum. The acquisition is intended to bolster Wartsila’s offering in the global marine services market...
2011-07-14 07:13:35
Samsung buys stake in equipment maker
Samsung Heavy Industries Co., an Korean shipbuilder, said Wednesday that it has signed a deal to buy a stake in a local power plant equipment maker for 41.5 billion won (US$39 million). In a regulatory filing, Samsung Heavy said it now holds a 27...
2011-07-13 11:55:20
Panamax benefits from low-price order
Panamax bulkers ordered at low price during the recession have breakeven costs $5,000 per day lower than similar vessels contracted at the peak of the shipping boom. DVB Bank’s Research and Strategic Planning team says an average panamax (60,000...
2011-07-13 08:24:42
NYK-Tsuneishi reduce wind resistance
Japanese researchers claim they can shave 10% off the wind resistance of large bulk carriers and tankers by adding deflecting strips on the superstructure. NYK Line and Tsuneishi Shipbuilding have been using wind tunnel tests to assess how wind re...
2011-07-12 08:24:06
Daewoo buys equip makers
South Korea's Daewoo Shipbuilding & Marine Engineering pushes forward with creating a private equity fund (PEF) of around KRW 600bn ($566m) to take over equipment companies, which deal with shipbuilding or offshore plant equipment. Since early th...
2011-07-11 12:42:33
USC builds icebreaker hulls
Russian state-owned United Shipbuilding Corporation (USC) plans to build the hulls of icebreakers at St. Petersburg-based Admiralty Shipyards, a USC official said Friday. The spokesperson for USC said that the contract may be awarded to a winner i...
2011-07-11 07:42:11
NYK-Tsuneishi new green technology
Nippon Yusen Kaisha and Tsuneishi Shipbuilding have jointly developed a new energy-saving technology called the MT-COWL, which reduces the wind resistance of the vessel’s superstructure. A wind tunnel test using a model showed that wind resista...
2011-07-07 08:19:14
Mitsubishi modernizes Shimonoseki
Mitsubishi Heavy Industries (MHI) has completed the modernization of the shipbuilding facility at the Enoura Plant of the company's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, Japan. To mark the completion of the last in a ser...
2011-07-07 08:16:13
MMHE-Technip engineering JV
Malaysia Marine & Heavy Engineering (MMHE) with work with an arm of French engineering company Technip creates a new hull engineering company based in Kuala Lumpur. The new entity, Technip MHB Hull Engineering, will provide conceptual, design eng...
2011-07-07 08:11:02
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