The MAN B&W Diesel Group has extended their existing, over 20-year license agreement with
Korean licensee STX Engine. Within Korea, STX is now also licensed to build the new MAN B&W Diesel dual-fuel engine: the 51/60DF.
The 51/60DF engine model is particularly suitable as propulsion for LNG (liquid natural gas) tankers. The Korean group STX, which has been a licence partner of the MAN B&W Diesel Group since 1984, is involved in the LNG sector with its own shipping company STX PanOcean and builds its own LNG tankers in the STX Shipyard. New propulsion concepts
for this type of carrier are planning with dual-fuel engines, for which STX is bringing their own competence into the company with the new license agreement.
The growing strength of its licensee on the Korean market means that MAN B&W Diesel is increasing its own market share in the LNG sector. The extended licence agreement was signed at the end of March at STX Engine in Changwon, Korea.