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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

WSC CEO Koch to Retire in 2015

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel,

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

HII Board of Directors Elects Two VPs

Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1273 sec (8 req/sec)