China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with Shanghai Municipal Government to jointly promote ship and offshore engineering and other high valued services in Shanghai.

Wärtsilä has announced the introduction of its new Nacos Platinum solid state S-Band radar system. This next generation marine radar offering promotes safety via optimised target detection, regardless of the prevailing environmental conditions.

Greek shipowners are throwing their considerable weight behind the efforts of home marine equipment makers to be included on “makers lists” of shipbuilders in Asia and Europe.

The Korea Marine Equipment Association (KOMEA) has set up its first overseas representative office in Singapore, leveraging on the city-state’s status as a marine hub.

Cosco Shipping International (Hong Kong) Co (CSIHKC) has announced a plan to acquire CSHT Marine Machinery Suppliers from China Merchants Hoi Tung Trading Company and Cosco Shipping Financial Holdings Co.

The current downturn in the offshore vessels segment has put a cap on demand for marine equipment, but Germany’s Schottel has positioned itself to capture opportunities during an upswing with new product launches.

Palfinger is continuing the expansion of its marine business and plans to make a takeover bid for Norwegian-listed TTS Group.