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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Shipping Must Disclose or Risk Being Exposed - Moore Stephens

International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

Marine Propulsion

AkzoNobel Acheives ISO 19030 Compliance

AkzoNobel’s Marine Coatings business has outlined for the first time its full compliance with ISO 19030, the new standard for measuring hull and propeller performance.

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair 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: 0.0892 sec (11 req/sec)