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

People & Company News

Barril Appointed COO of SBM Offshore

SBM Offshore is pleased to announce the appointment of Philippe Barril as Chief Operating Officer (COO) effective March 1, 2015.  Philippe's appointment as a

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Marine Propulsion

Wärtsilä to Power LNG-fueled RoPax Ferry

A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system,

First Container for LNG Hybrid Barge

The HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container

IntelliJet: Cleantech Propulsion for High Speed Applicatios

IntelliJet Marine, Inc. will present a paper on propulsion and computer simulation for sustainable high speed boats and ships at ASNE Day 2015.   Jeff Jordan

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators 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: 0.2406 sec (4 req/sec)