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

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

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.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Marine Propulsion

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Vroon’s VOS Famous Launched

Vroon’s newbuilding ERRV, VOS Famous, was launched in China yesterday. This 50-m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard.

Dynamic Positioning

First-of-type Walk-to-Work Crewboat Launched

Incat Crowther announced the launch and sea trials of Muslim Magomayev, a first-of-type 70m Catamaran Fast Crew Boat (FCB). Constructed by Incat Tasmania, Muslim

Oceaneering Exercise Charter Options on DP2 CSV

Oceanteam Shipping ASA says that Oceaneering International, Inc. has exercised both one year options on the CSV 'Bourbon Oceanteam 101' up to February 2017. The

 
 
Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Repair 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: 0.2324 sec (4 req/sec)