Ship Design Services News

Vard Marine (VARD), a naval architecture and marine engineering company, announced that a memorandum of understanding (MoU) has been signed with Askeri Fabrika ve Tersane İşletme A.Ş. (ASFAT) in Turkey to promote  strategic partnership.As per MoU, Vard Marine provides the design of a wide range of paramilitary vessels and ASFAT coordinates construction of select projects at their approved naval shipyards in Turkey.The MOU provides an opportunity for Vard Marine to expand operations in the region and to collaborate with other companies in both Canada and Turkey.Vard Marine president and CEO Dave McMillan commented: "We are proud to have…

Mitsubishi Heavy Industries, Ltd. (MHI) has entered into an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, on collaboration in ship engineering business. The companies said they plan to combine abundant track records in shipbuilding business to target speedy development of diverse ship types in a quest to expand their licensing business. Under the newly agreed collaborative arrangement, MHI will primarily take charge of developing propulsion performance aspects, including hull form design, model testing, and development of energy-saving devices and propellers. OMT will be responsible largely for the conceptual and basic designs based on MHI's hull form designs.

Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Odense Maritime Technology A/S (OMT) of Denmark, a provider of ship design services, to collaborate in expanding their licensing business. Under the newly agreed collaborative arrangement, MHI will primarily take charge of developing propulsion performance aspects, including hull form design, model testing, and development of energy-saving devices and propellers. OMT will be responsible largely for the conceptual and basic designs based on MHI's hull form designs.

Emissions regulations from 2015 onwards are driving shipowners to a crossroads on fuel selection. Ahead of Europort 2013, Rotterdam, Dutch interests are making significant waves in tangible investments in LNG as a fuel option. While there is not consensus on the potential of liquefied natural gas (LNG) as a marine fuel, the concept is gaining traction rapidly as using LNG reduces nitrogen oxide (NOx) and carbon dioxide (CO2) emissions from ships, as well as allowing operators to meet restrictions set in Sulfur Emission Control Areas (SECAs) today, which tighten from 2015 onwards.

Wärtsilä, the leading ship power systems integrator, has strengthened its presence within the Brazilian maritime industry by incorporating Wärtsilä Ship Design into Wärtsilä's Brazilian operations. A full range of local engineering services will now be available to shipowners, offshore operators and shipyards in Brazil. Customers will now also be able to benefit from Wärtsilä's technological developments in ship's propulsion, power generation and advanced service concepts. Wärtsilä Ship Design in Brazil is an integrated part of the company's global ship design organization, which already has major hubs in Europe and Asia. Wärtsilä Ship Design in Brazil will generate new designs…

Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $169.9m, with an additional maximum sum of $48.9m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik’s turnover was $70.8 millions and the profitability is on a very good level. The number of employees is 410. The role of ship design is becoming more and more important due to higher performance requirements…

Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $209.5m, with an additional maximum sum of $60m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik's turnover was $87m and the profitability is on a very good level. The number of employees is 410. The role of ship design is becoming more and more important due to higher performance requirements, more sophisticated systems, and increased integration onboard most vessels. Also, the environmental and emission regulations regarding NOx and CO2 are becoming increasingly stringent.