MAN Investigating Irregularities During Handover Of 4-Stroke Marine Diesel Engines

Press Release
Wednesday, May 25, 2011

In the light of indications of possible irregularities during the handover of 4-stroke marine diesel engines produced by MAN Diesel & Turbo SE, the management board of MAN SE has launched an investigation, to be carried out by the compliance department of MAN SE together with external consultants. This investigation is still ongoing.

The management board of MAN SE was today informed about interim results. According to these, it was possible to externally influence the fuel consumption values for 4-stroke marine diesel engines obtained on test stands at MAN Diesel & Turbo SE (formerly: MAN Diesel SE) and to display results that deviated from those actually measured. The extent to which this influence possibility has been made use of in the context of handover to customers and the potential financial consequences for the MAN Group will be examined in the course of further investigations. MAN SE will continue to investigate the matter and will contact the customers concerned.

MAN SE has informed the public prosecutor's office Munich I of the ongoing investigation and will co-operate closely with it in establishing the facts.

The area of 4-stroke marine diesel engines, which forms part of the Engines & Marine Systems division of MAN Diesel & Turbo SE, generated sales of some 371 million Euros in the financial year 2010.

MAN SE immediately implemented all necessary measures to comprehensively investigate the matter.The revelation and the strict handling of this issue is a direct consequence of the compliance system implemented at MAN. Unfair business practices as well as violations of laws or other rules are not tolerated by MAN.
 

Source: MAN SE

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Rolls-Royce to Design, Equip Canadian Stern Trawler

The shipbuilding company VARD Group AS in Norway has received an order from a Canadian company for a shrimp stern trawler to be designed and equipped by Rolls-Royce,

MN: Corvus Energy

The Company: Corvus is a manufacturer of proven, high power Energy Storage Systems (ESS). Its field proven battery systems provide power to hybrid and fully electric marine propulsion systems.

Total Lubmarine Resumes Full Service in Tianjin

Marine lubricants and greases provider Total Lubmarine informs it has resumed all services based out of the Port of Tianjin following the deadly explosions that rocked the port August 12.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.4662 sec (2 req/sec)