MHI Renew Hyundai's Low-speed Diesel Engine Contract

Press Release
Wednesday, July 18, 2012
MHI, HHI Signing Ceremony: Photo credit MHI

MHI renews licensing contract on Mitsubishi-UELow-speed marine diesel dngines with Hyundai Heavy Industries

Through this licensing arrangement MHI seeks to further accelerate penetration of the Mitsubishi-UE engines in Korea, which has a near 35% share in the world's shipbuilding market, and other countries; it also aims to enhance its collaborative relationship with HHI, looking to boost the low-speed marine diesel engines' share in the global market.

Specifically the new agreement grants licensing privileges to HHI to manufacture, sell and service Mitsubishi-UE LSE and LSE-Eco series engines with cylinder bores of between 350 to 800 millimeters (mm). Earlier MHI licensed its UE engine technologies to HHI in 1984. The new agreement has evolved from that previous contract, including an expanded number of licensed engine models.


Mitsubishi-UE is one of three major brands in the global market for marine diesel engines, along with MAN and Wärtsilä. UE engines feature compact size, outstanding operating efficiency, and environmental advantages such as low fuel consumption and less cylinder lubrication oil required. They are available in a wide range of models to accommodate diverse power output needs.

MHI consider that HHI has the capacity to produce about 14 million horsepower of low-speed marine engines annually.


 

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

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.2118 sec (5 req/sec)