Doen Pacific Enters into Joint License Agreement

Press Release
Thursday, November 08, 2012

Doen Pacific as one of only 5 marine waterjet manufacturers in the world matching engines to 4,000kW, and CSIC, one of the two largest shipbuilding conglomerates in China, together with its Member WMMP, have jointly signed a license agreement for the manufacture and sale of WMMP‐DOEN Waterjets in China.


The signing ceremony took place on October 29, in Wuhan, China, and was attended by representatives of each company, headed by Mr. He Jiwu, Board Chairman and President ‐ Wuhan Marine Machinery Plant; Mr. Wu Jing, Vice‐Executive General Manager ‐ China Shipbuilding & Offshore International Co. Ltd, as the Technology Import channel for CSIC; Mr. Mark Peters, Director ‐ Doen Pacific Pty. Ltd; and Mr. Timothy Udvary, Director and Chief Engineer ‐ Doen Pacific Pty. Ltd.


"China's burgeoning growth in shipbuilding capacity during recent years has stimulated the rapid development of the marine diesel engine market, and in turn the requirement for waterjet propulsion. Doen Pacific are delighted to have formed this strategic partnership with CSIC and WMMP, and have every confidence this agreement will enhance Doen's presence in this region," said Mr. Peters.


The local manufacturing of the Doen Waterjet range is a key element in this joint strategy, and with WMMP having state of the art manufacturing, testing, and workshop facilities in Wuhan makes them an ideal partner for Doen Pacific in targeting the Chinese waterjet market, and complements their existing propulsion products.


"I am very confident this partnership is the right choice for both parties, and the CSIC Group looks forward to adding the Waterjet to the range of propulsion products currently manufactured by WMMP," said Mr. He Jiwu. Doen's latest range of 13 waterjet models, covering 100kW to 4,000kW will be manufactured and branded WMMP‐DOEN in China, and the Director's decision to license its waterjet technology is a landmark decision. The roll out of this Indigenous waterjet program in China will help negate the total reliance upon imported products. One thing is certain, as prices are reduced for waterjets the market will greatly expand.


Doen expects the first waterjets to be produced in the coming months.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Research Vessel Heincke: Serving Science for 25 years

7 July 2015. A quarter of a century old, with over 900,000 kilometres (488,842 nautical miles) logged and still on the cutting edge of science and technology:

Stena RoRo Charters Three Vessels

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda.

Shipbuilding

Drydocks World Completes World’s Largest Turret

Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Marine Power

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

CNOOC Acquires Asia's 1st LNG Powered Tug

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.

News

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Asia-N Europe Container Freight Rates Jumps 60%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday,

Research Vessel Heincke: Serving Science for 25 years

7 July 2015. A quarter of a century old, with over 900,000 kilometres (488,842 nautical miles) logged and still on the cutting edge of science and technology:

Vessels

Asia-N Europe Container Freight Rates Jumps 60%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday,

G6 Alliance Extends Asia – North America Service

In response to market demand, members of the G6 Alliance today announced the below enhancement to improve the Asia – North America (East Coast) trade. NYK will

Stena RoRo Charters Three Vessels

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
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: 0.2138 sec (5 req/sec)