Hyundai Heavy Industries (HHI) has signed a memorandum of understanding (MOU) with Saudi Aramco and Dussur (Saudi Arabian Industrial Investments Company) to establishe a joint venture for marine engine and onshore power generation engine businesses.
Engine maker CSSC Wartsila Engine (CWEC), a joint venture between Wartsila and China State Shipbuilding (CSSC), is keeping an eye on opportunities in specialised vessels, in view of the prolonged slowdown of the conventional vessels market.
MAN Diesel & Turbo has clinched engine orders for two LNG carriers newbuilds from Knutsen OAS Shipping.
IM Skaugen Group has won an arbitration proceeding against MAN Diesel & Turbo SE in relation to disputes on Skaugen’s purchase of 12 marine diesel propulsion systems from MAN, a Volkswagen Group affiliate.
Japan’s Kobe Steel is planning to start marketing a new binary cycle power generation system for ships from next month, with commercial sales to start in April 2019.
State-owned China Shipbuilding Industry Corp (CSSC) announced on Tuesday that its subsidiary has filed a lawsuit against bankrupt Jiangsu Eastern Heavy Industry (JEHI) in a bid to claw back RMB78.44m ($11.35m).
Alfa Laval has invested in a 1,100 cu m expansion to its Test and Training Centre in Aalborg, Denmark, to cater for what the company sees as an increase in demand for cleaner, more environmentally friendly alternative technologies and fuels, namely gas.
Engine maker and marine equipment supplier Wartsila forecasts a soft demand outlook for its marine solutions business following a 20% drop in order intake in 2016.