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Investor AB, a Swedish holding company, has acquired 15.8m shares in engine and equipment manufacturer Wärtsilä for EUR639m ($824m).

Engine manufacturers chose the opening day of Hamburg’s SMM event to launch a series of new engines designed to meet pending regulations and ongoing fuel efficiency requirements.

Wärtsilä has announced a run of seven-cylinder RT-flex50DF dual-fuel two-stroke main engines to equip a series of 1,400 teu  boxships under construction at  Yangzhou Guoyu Shipbuilding yard in China.

Wärtsilä Yuchai Engine, a joint venture between Wärtsilä and Yuchai Marine Power, has inaugurated its new factory in China on Tuesday.

Wärtsilä will divest its share in jv Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel (QMD) for an undisclosed sum, following its deal with China State Shipbuilding Corporation (CSSC) announced last week.

Wärtsilä’s ship power secured 973 contracts for new vessels in the first half, up 29% over the same period last year.

Wärtsilä has entered into two joint ventures with China State Shipbuilding Corporation (CSSC) related to its engine business.

 

ABB Turbocharging, at Posidonia 2014 stand 2.211, is demonstrating its range of two-stroke and four-stroke turbocharging equipment, including its newest 2-stroke A200-L turbocharger.

XMH Holdings, a marine engine and generator distributor, has bagged new contracts worth a total value of about $3.6m, making two new breakthroughs in the process.

A focus on research and development (R&D), continual refinement of technology and greater innovations are increasingly seen as being the tools required to take on the challenges of the global shipping and maritime industry.

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