MHI Licenses Deck Crane Technology

Press Release
Monday, January 28, 2013
MHI Deck Crane: Photo credit MHI

Mitsubishi Heavy Industries, Ltd. (MHI) signs to allow the Korean company, SPP Machine Tech, to produce & market its cranes.

The deck cranes to be licensed are two models, currently on the market, having a 36-ton hoisting capacity and a working radius of up to 26 and 28 meters, respectively. MHI will supply components for the cranes, including hydraulic machinery, to SPP Machine Tech.


With this initiative, MHI aims at accelerating market penetration of MHI technology-based marine deck cranes in Korea.

Before this, MHI licensed the technology to Jiangsu Masada Heavy Industries Co, Ltd. in China, in 2008. Through licensing to these two major shipbuilding nations, MHI looks to further expand its share in the global deck crane market.

MHI presently enjoys the largest share, 40%, of the Japanese market. For some time the company has been looking for a way to effectively penetrate into Korea's huge shipbuilding market. Meanwhile SPP Machine Tech, which had been licensed from a European manufacturer, was seeking to enhance its deck crane portfolio through the addition of more competitive machines by switching to technology licensing from MHI. The intentions of the two companies thus meshed and led to the conclusion of the licensing agreement.


SPP Machine Tech was established in 1988 as an affiliate of SPP Group, a major shipbuilding and marine machinery company in Korea. Besides deck cranes, which account for roughly half of total sales, SPP Machine Tech manufactures land-use goliath gantry cranes, marine boilers, rudders and other products.
 

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

Contracts

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Deck Machinery

SOSI Delivers Mooring Winches; Completes Test Pad

Sound Ocean Systems, Inc. (SOSI) announced the delivery of two unique mooring winches, both tested on its newly constructed test pad at its primary manufacturing facility in Sultan, Wash.

Barge Master Installed on Walk-To-Work Vessel

On October 14 the Barge Master BM-T40 system motion-compensated knuckle boom crane pedestal was installed on the new Wagenborg Walk-to-Work vessel, designed and built by Royal Niestern Sander.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.1276 sec (8 req/sec)