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Shanghai-listed CSIC Ltd, a unit of China Shipbuilding Industry Corp (CSIC), will transfer its 100% stake in two engine manfacturing subsidiaries to its parent for RMB589.1m ($90.1m), as part of the group’s assets restructuring.

A joint venture between Wärtsilä Engine and CSSC, known as CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC), has begun the ground-breaking process for its 20,000 sq m engine factory in Shanghai, China.

ABB Turbocharging, has signed long-term service agreements with DOF Group, Teekay, and Torghatten three companies covering a total of 400 turbochargers globally. 

Classification society Bureau Veritas is classing the first ethane-powered ship. JS Ineos Insight is the first of a series of eight 27,500 cu m multi-gas Dragon-class vessels being built at Sinopacifi for Evergas.

Caterpillar Marine undertaking another retrofit conversion for a dual fuel engine this time for the tanker Fure West.

Wärtsilä, MAN Diesel & Turbo and 30 others will collaborate EU-funded joint-industry project Hercules-2, for more efficient two- and four-stroke marine engines.

Rolls-Royce Marine is axing 600 jobs, or 10% of its workforce, in response to challenging market conditions having been hit by the lower oil price.

Caterpillar Propulsion [L1-G11] is marketing a new version and range of tugboat packages, which integrate its popular high-speed engines with Azimuth thrusters designed specifically for tugs.

MAN Diesel & Turbo demonstrated a two-stroke methanol engine( ME-LGI concept) at its Research Centre in Copenhagen in front of existing ME-LGI customers and partners, including Westfal-Larsen, Marinvest, Waterfront Shipping/Methanex, Mitsui Engineering and Shipbuilding (MES), HHI-EMD, Mitsui OSK Lines (MOL), and Minaminippon.

Wärtsilä is to equip five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea with 50DF dual-fuel engines.

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