China Shipbuilding, Mitsubishi, Wartsila Joint Venture Cleared by EU

Wednesday, April 25, 2007
The European Commission said it has cleared a proposed marine engine manufacturing joint venture between China Shipbuilding Industry Corporation, Japan's Mitsubishi Heavy Industries and Wartsila Oyj, estimated to be worth around $101m. The new company will be named Quingdao Qiyao Wartsila MHI Linshan Marine Diesel Company. Production is set to start during the fourth quarter of 2008. The deal was examined under the EU's 'simplified' merger review procedure, for cases which the commission believes do not pose competition concerns. China Shipbuilding produces ships and is active in marine equipment engineering, designing and manufacturing. Source: AFX
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Marad Celebrates Deployment of Maritime Fuel Cell Project

The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell

Gazprom, OMV Meet on Establishing Nord Stream JV

At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV,

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.2578 sec (4 req/sec)