Japan’s largest heavy machinery maker Mitsubishi Heavy Industries Ltd. denied a newspaper report that it is in talks with General Electric Co. on a business alliance. Japanese daily Asahi Shimbun said the two companies have started negotiating to form a business alliance for small power generators. "It is not true that we have started such talks," said a spokeswoman for Mitsubishi Heavy. But she said the company will consider a variety of alliances in many business fields in the future. The newspaper said limited capital investment by Japanese power companies amid a prolonged economic slump had forced the two rivals to join hands. In May, Mitsubishi Heavy reported its first-ever loss, for the business year that ended last March. Many of Japan's traditional industries continued to suffer from the nation's decade-long economic downturn. No immediate comments were available from GE. – (Reuters)
On October 1 two new wholly owned group companies of Mitsubishi Heavy Industries, Ltd. (MHI) succeeding to MHI's ship construction operations in the Nagasaki district will commence business operations. Mitsubishi Heavy Industries Shipbuilding Co., Ltd. will handle ship constructions, while Mitsubishi Heavy Industries Hull Production Co., Ltd. will manufacture hull blocks. By making full use of the diverse resources cultivated at the Nagasaki Shipyard & Machinery Works
MHI to launch new Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES) in Singapore, integrating three local afiliated companies. Effective October 1st 2012 Mitsubishi Heavy Industries, Ltd. (MHI) will launch a new company, Mitsubishi Heavy Industries Engineering & Services Private Ltd. (MIES), to supersede the current MHI Industrial Engineering & Services Private Ltd. (also abbreviated as MIES) after taking over various business functions of two other MHI
This past March concluded an agreement between Mitsui O.S.K. Lines and Kawasaki Shipbuilding for construction of an LNG carrier with a capacity of 145,000 cu. m. With two of the carriers already delivered to Mitsui for use by both Oman and Algeria under co-ownership, this agreement marks the third informal order placed for this such vessel. In addition, both Kawasaki Shipbuilding and Mitsubishi Heavy Industries received an order for one 145,000 cu. m
Two new state-of-the-art Ramform Titan-class seismic vessels under construction at the Mitsubishi Heavy Industries yard in Japan for Norway headquartered Petroleum Geo Services (PGS) will feature a delivery from Kongsberg Maritime including integrated navigation, Dynamic Positioning and an extensive back-deck handling systems package. The contracts, valued at more than $50 million, were signed by Kongsberg Maritime and Mitsubishi Heavy Industries
Mitsubishi Heavy Industries (MHI) licence Chinese manufacturers Jiangsu Masada Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI) has signed an agreement with Jiangsu Masada Heavy Industries Co, Ltd., in Jiangsu Province, China, under which MHI is to license production and marketing of steering gears and deck machinery based on company technology to Jiangsu Masada. The steering gear and deck machinery technologies to be licensed are for small and medium-sized
Japan’s Mitsubishi Heavy Industries (MHI) extinguished a fire on an LNG being built at the Nagasaki yard. According to reports, the nearly-completed ship is being inspected for possible damage. Last October, the P&O cruise ship, Diamond Princess, suffered from a major fire at the same shipyard. MHI continued construction after an examination of the damage.
Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), is to establish MHI Compressor Manufacturing, LLC in Pearland, Texas, to produce and service oil industry compressor equipment. The company will produce and service compressors in the U.S. market to accommodate demand generated by rapid growth in shale gas and oil development. Supported by this growth, many new petrochemical plant construction projects are planned
Mitsui O.S.K. Lines, Ltd. signed a long-term contract for two new liquefied natural gas (LNG) carriers with Kansai Electric Power Inc. (President: Makoto Yagi). At the same time, MOL concluded contracts to build the ships Kawasaki Heavy Industries, Ltd. (President: Satoshi Hasegawa) and Mitsubishi Heavy Industries, Ltd. (President: Hideaki Omiya). The ships are slated for launching in 2016 and 2017. MOL will manage and operate the vessels, with which transport LNG for Kansai Electric Power.
Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) inaugurated their new, jointly owned, low-speed marine engine factory QMD in Qingdao, Shandong province. The state-of-the-art QMD factory features a modern welding shop, machine shop, assembly shop, and a testing shop, as well as facilities for heat treatment, blasting and painting. This engine production factory has automated equipment and processes, the flexible use of test beds
Two joint-venture companies that NYK has established with Chubu Electric Power Co. Inc. each concluded a time-charter contract for a new liquefied natural gas (LNG) carrier with Chubu Electric Power Co. Inc. In addition, one of the joint-venture companies
Calnetix Technologies, LLC has published a White Paper describing new processes for producing supplemental power for a ship’s electrical load. The White Paper, entitled New-Technology Shipboard System Converts Heat from Engine Jacket Water into Electrical Power
Mitsubishi Heavy Industries, Ltd. ("MHI") and the Suhail Bahwan Group ("SBG") have invested in Altaeros Energies, a Massachusetts-based technology company, to support the design and production of its Buoyant Airborne Turbine ("BAT") renewable energy and
Japanese delegation tries to make case for submarine contract. Japan's effort to charm Australian politicians and the public over its bid for a A$50 billion ($35.60 billion) submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building
The U.S. State Department has approved the likely sale to Japan of two Lockheed Martin Corp Aegis combat systems valued at $1.5 billion, a deal aimed at boosting Japan's defenses against a ballistic missile attack, the U.S. Defense Department said Friday.
Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on ships and submarines for its navy over the next 20 years but pressure grew on Prime Minister Tony Abbott on Tuesday to spend more than
MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two Consolidated Group Companies by Company Split. On February 4, Mitsubishi Heavy Industries, Ltd
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Hitachi Power Systems, Ltd. (MHPS) have planned to reorganize their their Nagasaki Shipyard & Machinery Works and Nagasaki Works respectively. The coordinated decisions are aimed at further strengthening global competitiveness
An influential Australian senator has asked Japan to buy components for its Soryu submarines from Australian companies to boost its chances of winning a major contract to supply Canberra with a fleet of submarines. Independent South Australian Senator Nick Xenophon made the request to submarine
Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan.
An experimental offshore floating wind farm project sponsored by the Japanese Ministry of Economy, Trade and Industry has been underway since March 2012. Participating in the project is a consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi
The German Defense Minister Ursula von der Leyen is visiting India lobbying for the purchase of German Stealth Submarines and European military hardware, say local media. Sources said that Ursula talked of Eurofighter and [HDW] submarines in her discussions with Indian Defence
Japan will join competitive bidding to sell Australia a fleet of stealth submarines, the government said on Monday, a move expected to require Tokyo to supply Canberra with classified data. The development comes as Prime Minister Shinzo Abe moves to strengthen security ties with ally the United
Mitsui O.S.K. Lines, Ltd. today announced that the naming ceremony for a newbuilding LNG carrier for Osaka Gas Co., Ltd. was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. The vessel was ordered by MOL and Osaka Gas International Transport, Inc
Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation. NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers