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 March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Carnival to Add Nine Ships to Cruise Fleet

Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

IMTRA Announces Exclusive Sola-Cure Distributor Partnership

IMTRA announced today through its exclusive North American distributorship of Sola-Cure shades — its line of customizable, high-quality and comprehensive solutions

Deck Machinery

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

Liebherr Opens African Maritime Hub

Liebherr Maritime Cranes celebrated the grand opening of the new sales and service center in Durban, South Africa. The new African maritime hub was opened by a

Motion Compensation Crane Delivered

Barge Master has delivered its first Barge Master T40 (BM-T40) motion compensated knuckle boom crane, the company announced.   The BM-T40, installed on Wagenborg’s

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.2549 sec (4 req/sec)