MarineLink News Search

MHI Renew Hyundai's Low-speed Diesel Engine Contract

Through this licensing arrangement MHI seeks to further accelerate penetration of the Mitsubishi-UE engines in Korea, which has a near 35% share in the world's shipbuilding market, and other countries; it also aims to enhance its collaborative relationship with HHI, looking to boost the low-speed marine diesel engines' share in the global market. Specifically the new agreement grants licensing privileges to HHI to manufacture…