Gula Skrinet AB to Acquire Caterpillar Propulsion AB
Gula Skrinet AB reached an agreement with Caterpillar Luxembourg Sarl to acquire Caterpillar Propulsion AB and its subsidiaries. The sale is expected to close on June 30, 2020. Caterpillar Propulsion AB, formerly Berg Propulsion AB, is a manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.The proposed acquisition includes Caterpillar Propulsion AB and its subsidiaries, including Caterpillar Propulsion Production AB, as well as Caterpillar Propulsion Pte. Ltd, its subsidiary Caterpillar Propulsion International Trading (Shanghai) Co.
Wärtsilä in Coalition to Promote LNG as a Marine Fuel
Wärtsilä and other leading marine industry players have formed a coalition, known as SEA/LNG, to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. The coalition aims to help break down the barriers hindering the global development of LNG in marine applications, thereby improving the environmental performance of the shipping industry. In addition to Wärtsilä, the other partners in the SEA/LNG coalition include Carnival Corporation, DNV-GL, ENGIE, ENN Group, GE Marine, GTT, Lloyds Register, Mitsubishi, NYK Line, Port of Rotterdam, Qatargas, Shell Downstream and Tote. Each member organization commits mutually agreed human resources, data analysis, and knowledge sharing in support of the SEA/LNG initiatives and activities.
Cat tackles Tier 3 and Tier 4; Completes Berg Deal
Caterpillar Marine and Power Systems was one of the most active companies at the 2013 International Workboat Show in New Orleans, debuting several new products that are compliant with EPA Tier 3 and 4 regulations, and finalizing the acquisition of propulsion equipment manufacturer Johan Walter Berg AB. Caterpillar Inc., which is one of the biggest names in industrial equipment, engines and turbines, recorded 2012 sales revenues of $65.9 billion. Contributing to that sum is Cat’s globally-operating subsidiary…
Caterpillar Acquire Berg Propulsion
Caterpillar Marine has acquired Johan Walter Berg AB, whose core brand, Berg Propulsion, is a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. As a result of the acquisition completion, all Berg Propulsion products will be rebranded as Caterpillar. The new Cat® Propulsion System for optimized bundles and propulsion packages includes controllable pitch propellers, transverse thrusters, azimuth thrusters, aftermarket parts and remote control systems. All Cat Propulsion System products are ideally suited for the complete and comprehensive line of Cat and MaK™ medium and high speed engines.
Caterpillar to Acquire Berg Propulsion
Caterpillar Inc. signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems. Headquartered in Öckerö Islands, Sweden, Berg has designed and manufactured heavy-duty marine thrusters and controllable pitch propellers since 1929.
Corvus Energy Supplies Battery Pack, Systems, to 'Viking Lady'
Corvus Energy supplies world's first commercial ship with a fuel cell specially adapted for marine use. Following the success of the installation and demonstration of the fuel cell power pack on board, Viking Lady recently entered into a third project phase in which energy storage capability in the form of Corvus’ AT6500 lithium-polymer battery pack is being integrated in the power system. The lithium-polymer battery is comprised of 6.5 kWh modules, has a capacity of 455 kWh, and is capable of delivering up to 4MWh bursts over a short period of time.
Wärtsilä, IHI Marine Propulsion System Agreement
Wärtsilä, ship power system integrator, and IHI Marine United Inc. (IHIMU) of Japan, have concluded a co-operation agreement. Under the agreement, Contra-Rotating Propeller (CRP) systems developed by IHIMU will be incorporated into Wärtsilä's propulsion solutions used on board diesel-electric driven ships. The co-operation agreement mainly covers the European market, where the environmental demands on shipping operations are becoming increasingly stringent. The IHIMU CRP systems have been installed over a period of more than 20 years onboard VLCC and bulk carrier vessels.
