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Technology group Wartsila has been awarded the contract to provide main engines, retractable thrusters and exhaust cleaning equipment for two new research vessels being built for the China Ocean Mineral Resources R&D Association (COMRA).

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.

Caterpillar Marine will establish a new dedicated marine center in Singapore in the facility previously occupied by Caterpillar Remanufacturing.

Wärtsilä has introduced a new azimuthing thruster designed specifically for inland waterway vessels.