Wärtsilä: License Agreement Extension with Korean Partner

(Press Release)
Tuesday, November 15, 2011
Wärtsilä and its Korean partner, Doosan Engine Co. Ltd, a member of the Doosan Group, have signed a 10-year extension to the licensing agreement to build Wärtsilä low-speed engines. The agreement renewal covers the period from 2012 to 2021. Doosan Engine Co. Ltd, along with its predecessor licence holders Korea Heavy Industries and Samsung Heavy Industries, has been a long standing licensee of Wärtsilä, altogether for 28 years. It has produced close to 400 engines with a total power of over 20,000,000 BHP. Doosan Engine is the second biggest engine manufacturer in the world. 
Under the terms of the agreement, the licensee is authorised to manufacture and sell Wärtsilä low-speed marine diesel engines within its specified territory. The full range of Wärtsilä RTA, RT-flex, and X-series marine engines are included in the scope of the agreement.

People & Company News

Global Fallout from Hanjin Collapse

When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks,

Japanese Shippers Trim Fleets

The three big Japanese marine transport firms -  Nippon Yusen Kabushiki Kaisha (NYK Lines), Mitsui O.S.K. Lines and Kawasaki Kisen - are decreasing the number

MN100: Guido Perla & Associates, Inc.

The Company: With offices in the US, Brazil, Chile, China and Germany, GPA developed into an independent, full-service naval architecture and marine engineering

Marine Propulsion

Royston Debuts Engine Diagnostics Service

Diesel power specialist Royston has expanded upon its traditional engine service and repair business with the introduction of a new engine diagnostics, health check and consultancy service.

MN100: Pacific Power Group

The Company: Established in 1958, Pacific Power Group has been a trusted partner for the marine power needs of the Western U.S. for more than 50 years. PPG provides

Wärtsilä to Launch Sea-Master at SMM

Set to launch at SMM 2016 in Hamburg September 6-9, 2016, the new Wärtsilä Sea-Master system uses digital technology to monitor shaft bearings and seals to help

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0831 sec (12 req/sec)