Japanese Firm to Set Up Houston Compressor Plant
Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), is to establish MHI Compressor Manufacturing, LLC in Pearland, Texas, to produce and service oil industry compressor equipment. The company will produce and service compressors in the U.S. market to accommodate demand generated by rapid growth in shale gas and oil development. Supported by this growth, many new petrochemical plant construction projects are planned, and heavy demand for renewal of existing plants is expected.
MHI Subsidiary in Brazil for FPSO Compressors
In December Mitsubishi Heavy Industries Compressor Corporation (MCO), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Hiroshima, will establish a new company in Brazil in a joint venture with Mitsubishi Corporation (MC), to be known as MHI Compressor do Brasil Ltda. (MCO-B). Creation of the new entity, which will launch commercial operations in February 2016, is targeted at developing the Latin American market for compressors, with a focus on expanding sales of compressors for use in Floating Production…
MCO Receives Order for Six Compressor Packages
Tokyo - Mitsubishi Heavy Industries Compressor Corporation (MCO), a wholly-owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order for six compressor packages, to be installed on a floating production, storage and offloading system (FPSO), which Tupi BV plans to operate in the area of BM-S-11 at Brazil's coast. The compressor packages are the core unit of equipment to export natural gas extracted from oil fields. MCO received the order from MODEC Offshore Production System (Singapore) Pte Ltd., a subsidiary of MODEC Inc. MCO will be responsible for the design, procurement, manufacture and yard test of the compressor packages.
MHIA Relocates to Houston
Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced full-scale operations at its newly relocated Head Office in Houston, Texas, following a move from its previous base in New York. MHIA held a reception at Rice University today to mark the occasion in the presence of guests including The Honorable Greg Abbott, Governor of Texas. Present at the reception, MHI President…
MHI to Integrate Two Group Companies
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI) will integrate two of its group companies: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation, which handles majority of domestic sales of air-conditioning and refrigeration (AC&R) products, and Kusakabe Co., Ltd., a company that deals in heating systems. The aim is to strengthen MHI's AC&R business by integrating the two firms' sales networks as a way to achieve enhanced marketing power. Both entities involved in the integration initiative are wholly owned subsidiaries of MHI.
TMC Compressors for Höegh FSRU
TMC Compressors (TMC) said it has penned a contract with shipbuilder Hyundai Heavy Industries to supply a complete marine compressed air system to a new-build floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG. TMC scope of work includes engineering, manufacturing and supply of a complete compressed air system consisting of 2 x 44 kW service air compressors and 2 x 44 kW control air compressors. The contract value is undisclosed. “This is the 8th or 9th FSRU that Hyundai Heavy Industries is building for Höegh LNG…
M'bishi Heavy Supplies LNG Compressors to Shell
According to a report from Reuters, Japan's Mitsubishi Heavy Industries Ltd said that it has been selected to supply liquefied natural gas compressors for use at LNG plants that Royal Dutch Shell Plc (RDSa.L) plans to build in the next six years. Source: Reuters
Korea Lines orders two VLCCs at Hyundai Heavy
South Korean shipping firm Korea Line Corporation (KLC) has placed an order for two new very large crude carriers(VLCC) at country's biggest yard, Hyundai Heavy Industries (HHI), and the company will explore further collaborations with the country's shipbuilders. According to Yonhap news agency, the new VLCCs are expected to have been delivered by the 2020. The total amount of the agreement will amount at 185.6 billion won (US$173 million). The carriers, which can hold 300,000 tons of crude oil each…
Mitsubishi Strikes Deal with Carnival Corp. to Build Two Cruise Ships
Mitsubishi Heavy Industries, Ltd. (MHI) announced the company has reached an agreement, and signed a memorandum of agreement (MoA), with Carnival Corporation & plc calling for the construction of two new 125,000-ton cruise ships for its AIDA Cruises brand. The ships will be the largest ever constructed for this cruise line. Delivery for these two 3,250 passenger ships is scheduled in March 2015 and March 2016. The MoA is subject to execution of definitive agreements, financing and other customary closing conditions.
Chinese Engine Builder Celebrates Milestone
Qingdao Qiyao Wartsila MHI Linshan Marine Diesel Co. (QMD) in Qingdao, China, marks its rapid growth as an engine builder with production of one million horsepower of two-stroke marine engines. (One million refers to the accumulated power output in brake horsepower of the engines produced by QMD since the start of its operations in January 2009). The milestone was reached with the completion of a seven-cylinder Wärtsilä RT-flex82T engine, the second in a series of six, designed for the propulsion of large commercial cargo ships, tankers, bulk carriers and containerships. For customers, the benefits of the Wärtsilä RT-flex82T engine include high efficiency with low fuel costs, llow emissions and flexible engine operational modes.
MHI, VINASHIN Sign Licensing Agreement
Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights to manufacture its large-sized diesel engines. The contract applies specifically to the Mitsubishi UEC-LA, LA, LSII and LSE engines with cylinder bores ranging from 330 to 680 mm. The agreement also encompasses marketing and servicing of these engines in Vietnam. The period of licensing is from 2005 to 2014.
EU Inquiry Deadline into China Shipbuilding, Mitsubishi
The European Commission said the deadline for its inquiry into China Shipbuilding Industry Corporation (CSIC), Japan's Mitsubishi Heavy Industries (MHI) and Wartsila Oyj's proposed marine engine manufacturing joint venture is set for April 26. CSIC will hold 50 percent of the venture, while Wartsila will have 27 percent and Mitsubishi 23 percent.
MItsubishi Pair at UN's Rio+20 Conference
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Corporation (MC) will hold a joint exhibition introducing their diverse business operations and products at the Japan Pavilion, a side event of Rio+20, the United Nations Conference on Sustainable Development getting under way in Rio de Janeiro, Brazil, on June 20. More than 20 business enterprises will exhibit at the pavilion. MHI and MC's joint concept will be "realization of a low-carbon society through the creation of smart communities." Both companies will introduce a wide range of their business operations and products. In business relating to energy and the environment, using panel displays and video presentations MHI will introduce its gas turbine combined cycle (GTCC) systems…
Wärtsilä, CSIC, Mitsubishi New Chinese Factory
Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI) inaugurated their new, jointly owned, low-speed marine engine factory QMD in Qingdao, Shandong province. The state-of-the-art QMD factory features a modern welding shop, machine shop, assembly shop, and a testing shop, as well as facilities for heat treatment, blasting and painting. This engine production factory has automated equipment and processes, the flexible use of test beds, and the possibility to test two large engines at full load in parallel.
MHI, Siemens JV Starts Operations
Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG today announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and headquartered in London, UK. With this joint venture both partners are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Mitsubishi-Hitachi Metals Machinery, Inc. - an MHI consolidated group company with equity participation by Hitachi, Ltd. and IHI Corporation - holds a 51-percent and Siemens a 49-percent stake in the joint venture. With closing of the transaction, the joint venture will start operations with 9,000 employees coming from both partners.
First LPG Carrier Order for MHI Shipbuilding
Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), announced it has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The order marks the very first to be received by Mitsubishi Heavy Industries Shipbuilding since the company's launch on October 1. The LPG carrier on order is identical to the four vessels Astomos Energy has already ordered to MHI since 2013. According to the builder…
Experimental Floating Wind Farm Nears Installation
Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation phase as preparatory works for the installation of the 7MW oil pressure drive-type wind turbine on the three-column semi-sub floater at Onahama port, Fukushima, are almost completed and delivery from Nagasaki to Onahama has started today. Participating in the experiment is a consortium comprised of Marubeni (project integrator)…
Fukushima Experimental Offshore Floating Wind Farm Project Progresses
A consortium made up of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012. At present, the construction of the three-column semi-sub as part of the second phase has been successfully completed.
European Commission Clears JV
The European Commission's competition authorities have cleared the joint venture being formed by Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI). The joint venture will manufacture large low-speed marine engines in China. CSIC's ownership in the the joint venture will be 50%, Wärtsilä's 27% and MHI's 23%. The production is expected to start in the fourth quarter of 2008.
MHI to Reorganize its Shipbuilding Business
Mitsubishi Heavy Industries, Ltd. (MHI) announced it will establish two new wholly-owned companies in conjunction with reorganization of its shipbuilding business. Effective January 1, 2018, Mitsubishi Shipbuilding Co., Ltd. will primarily undertake construction of ships that require intensive outfitting, and Mitsubishi Heavy Industries Marine Structure Co., Ltd. will mainly engage in the manufacture of large ships and marine structures. Mitsubishi Shipbuilding Co., Ltd. will consolidate the current capabilities of MHI's various shipbuilding bases (Shimonoseki, Nagasaki, etc.) and function as a business company exclusively dedicated to shipbuilding. The new company will grow business in ships that require intensive outfitting: ferries, vessels used by governmental agencies, etc.
YMD of China Completes First Mitsubishi-UE Engine
Yichang Marine Diesel Engine Co., Ltd. (YMD), a group company of China Shipbuilding Industry Corporation (CSIC), has completed production of its first Mitsubishi-UE low-speed marine diesel engine under a technology licensing arrangement with Mitsubishi Heavy Industries, Ltd. (MHI). YMD, located in Yichang, Hubei Province, is expected to complete three more Mitsubishi-UE engines within this year, with plans calling for progressive expansion of engine production going forward. The first Mitsubishi-UE engine completed by YMD is the 6UEC43LSII, featuring a power output of 6,300 kW or 8,580 PS (pferdestarke) at 160 rpm (revolutions per minute).
Kuwait Oil Tanker Signs Financing Deal for 8 Tankers
Kuwait Oil Tanker Company (KOTC) said on Thursday it had signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported. The 10-year financing was obtained from Warba, Ahli United and Kuwait International banks, KUNA said. Earlier, KOTC and South Korean construction firm Hyundai Heavy Industries have co-signed a contract worth USD 213.36 million to build three immense gas tankers, as part of a major KOTC fleet overhaul.
ONGC Awards Offshore Order to L&T
Oil & Natural Gas Corporation (ONGC) has awarded a project order with Larsen & Toubro Ltd (L&T) for the NQ re-construction (NQRC) Project in Mumbai High North fields, according to Domain-b. According to the report, this project is the largest brownfield project of its kind awarded in the offshore oil and gas sector in India. The NQ Complex, one of the oldest assets owned by ONGC, has been operational since 1985. The project comprises reconstruction of offshore facilities at the NQ Complex including the replacement of the existing booster compressor with a new process gas compressor module, revamp of produced water conditioning system, hot oil system, gas dehydration unit and other utilities.