Nakashima Partners with Michigan Wheel

MarineLink.com
Tuesday, July 09, 2013

Michigan Wheel Marine and Nakashima Propeller Co. Ltd. have announced a new strategic partnership that is designed to combine their respective business strengths and promote cooperation in developing and expanding their global marine propulsion businesses.

Negotiations have been ongoing for several months during which time business operations of both organizations have continued to expand, and it is on the foundation of this strength that the deal was signed. As part of the agreement Nakashima has acquired a 30% stock holding in Michigan Wheel Marine.

It is the latest of several strategic moves that Michigan have made in recent years. This includes the opening of a European facility in the U.K.; a Middle East operation headquartered in Dubai, the acquisition of U.K.-based bearing manufacturer Shearwater Marine Ltd., and the licensing of associated propulsion products for distribution through their global dealer networks.

Nakashima Propeller has provided various products to a range of customers’ interests throughout the world. Nakashima’s higher efficiency, higher performance propeller design makes many applications possible, from fixed pitch propellers for large commercial vessels, to propellers for pleasure boats. For Nakashima, this strategic partnership represents another opportunity to bring their engineering, manufacturing and product development expertise to a greater global market via Michigan’s customers and distribution networks, the company said.

As the relationship develops the companies will participate in mutual advertising, marketing, product development and other business functions.
 

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

People & Company News

Diana Shipping Announces $53.5m Drawdown

Diana Shipping Inc. announces signing and drawdown of a $53.5 million term loan facility with BNP Paribas; announces time charter contract for m/v Nirefs with Glencore   Diana Shipping Inc.

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

Denmark Arrests Former OW Bunker Manager

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Marine Propulsion

Royal Caribbean to Install Scrubbers on 19 Ships

Royal Caribbean Cruises Ltd. (RCL) will retrofit 19 of its ships with advanced emissions purification (AEP) systems. These systems, also known as scrubbers, will

Wärtsilä to Power LNG-fuelled RoPax Ferry

A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.

Keeping to the Schedule in the Pacific Northwest

When a tightly scheduled repower for the Kodiak-based trawler Sea Mac in early December took a very bad turn, Mike Fourtner used his 25 years of fishing experience

Dynamic Positioning

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Nordic Prince Chartered by Noble Energy

Nordic Maritime, a leading offshore service operator, today announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started

GE to Equip PSVs under Construction for Petrobras

GE’s Power Conversion business will provide dynamic positioning (DP) and vessel control systems to equip the next generation platform supply vessels (PSV4500),

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.2307 sec (4 req/sec)