L-3 Offshore, STX Engine Team Up

Monday, June 22, 2009

L-3 Offshore of Coventry, UK, has signed a teaming agreement with STX Engine, the subsidiary of South Korea’s STX Group, under which the two organizations are to collaborate in the marketing and supply of integrated power, electric propulsion, dynamic positioning and automation systems for the Korean offshore market as well as other STX Group concerns.

The agreement, recently signed in Seoul by Dong-Hak Chung, President and CEO of STX Engine and Klaus Lorenz, Vice-President European Operations of L-3’s Marine & Power Systems Group, is expected to consolidate L-3 Offshore’s access to local markets for ship building and operating equipment.  At the same time it will enable STX Engine to design, produce and supply electronic and electrical systems for offshore plants in addition to providing full testing support services.

Under the terms of the agreement also, STX Engine intends to market offshore plant engines and electro-mechanical systems as complete package assemblies.  It also anticipates increased co-operation with  STX Europe, particularly in Norway.

(www.L-3Com.com/MPS)

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

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.1234 sec (8 req/sec)