Wärtsilä Extends Licence Agreement in China
Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines. The new agreement enables YMD to deliver also certain types of low-speed engines designed and developed by Mitsubishi Heavy Industries Ltd, Japan. Wärtsilä Switzerland Ltd is fully owned by Wärtsilä Corporation, Finland, and is Wärtsilä's centre for low-speed marine diesel engines. YMD currently manufactures Wärtsilä low-speed marine engines between 48 and 70 cm bore. These include the Wärtsilä RT-flex50 electronically-controlled common-rail engine…
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).
Wärtsilä Extends License Agreement to Yichang Marine Diesel
Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing license agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines. The new agreement enables YMD to deliver also certain types of low-speed engines designed and developed by Mitsubishi Heavy Industries Ltd, Japan. Wärtsilä Switzerland Ltd is fully owned by Wärtsilä Corporation, Finland, and is Wärtsilä's centre for low-speed marine diesel engines. YMD currently manufactures Wärtsilä low-speed marine engines between 48 and 70 cm bore. These include the Wärtsilä RT-flex50 electronically-controlled common-rail engine…
China Orders First Wärtsilä RT-flex35
Wärtsilä has received the first order for its new Wärtsilä RT-flex35 two-stroke engine. The Wärtsilä licensee, Yichang Marine Diesel Engine Co. (YMD), manufacturing low-speed marine engines in China, has signed a contract with Ningbo Donghai Shipping Co. Ltd to deliver five Wärtsilä RT-flex35 engines for a series of five chemical tankers. "Among low-speed engines with smaller bores, the biggest advantages of Wärtsilä RT-flex35 are its low fuel consumption and its compliance with environmental regulations, both of which fully meet our customer's expectations.
MAN, CSIC Extend Two-stroke Agreement
MAN Diesel & Turbo renewed its contract with Chinese two-stroke licensee, China Shipbuilding Industry Corp. (CSIC). Signed at a ceremony in Beijing on February 3, 2015, the agreement runs for the next 10 years and covers the production of low-speed engines at CSIC affiliates: Dalian Marine Diesel Co., Ltd (DMD), Yichang Marine Diesel Engine Co., Ltd (YMD), Qingdao Haixi Marine Diesel Co., Ltd (QMD). Dr. Besides Dr. Lauber, several other, senior MAN Diesel & Turbo staff were also present in the Chinese capital for the signing ceremony…
MHI Licenses 3rd Chinese Company
Mitsubishi Heavy Industries, Ltd. (MHI) and Zhejiang Yungpu Heavy Machinery Co., Ltd. (YUNGPU) in China's Zhejiang Province agreed last December on licensing of the technology incorporated into the Mitsubishi-UE, MHI's low-speed marine diesel engines. The licensing became effective late last month. YUNGPU is the third Chinese company to be licensed Mitsubishi-UE engine technology. YUNGPU plans to complete manufacture and delivery of the first unit by the end of this year. The engines licensed to YUNGPU are the UEC37LSII and UEC33LSII, small-size marine diesels with cylinder bores of 370 and 330 millimeters (mm), respectively. Under the licensing agreement YUNGPU can manufacture, sell and provide after-sale services for engines in China.
Wärtsilä Extends Licence Agreements
Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years. The four companies are HHM (Hudong Heavy Machinery Co Ltd), CMD (CSSC-MES Diesel Co Ltd), CME (Zhenjiang CME Co Ltd) and GMD (CSSC Guangzhou Marine Diesel Engine Co Ltd).
Wärtsilä to Divest its Shares in Two-stroke JV
Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co. Ltd. (QMD), the joint venture company established for manufacturing large low-speed marine diesel engines. Wärtsilä's shares in the joint venture will be transferred to the current majority shareholder, Qingdao Qiyao Linshan Power Development Co. Ltd., a company fully owned by China Shipbuilding Industry Corporation. The agreement was signed today in Beijing, China. Wärtsilä said the value of the transaction is not significant, and the deal will have a positive effect on Wärtsilä's continuing operations but the impact is not significant. The closing of the transaction is subject to the required regulatory approvals.