Tag: Europe

Deal was fully automated, and super expensive

Rolls-Royce signs agreement to sell Commercial Marine business to Kongsberg Rolls-Royce announced today that it has signed an agreement to sell its Commercial Marine business to KONGSBERG for an enterprise value of £500m. KONGSBERG is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace sectors. KONGSBERG is...

ABC’s Electric and Hybrid Propulsion System receives Bureau Veritas approval

Anglo Belgian Corporation, a leading European manufacturer of medium speed engines, has been issued with the Bureau Veritas approval and notations for its hybrid solutions. Now, with the hybrid system’s approval by major classification company Bureau Veritas, ABC is able to offer serial hybrid propulsion systems for workboats and, in collaboration with selected industrial partners, can serve as a one-stop...

Wartsila unloads famed “Sulzer” works to China State Shipbuilding Corp.

China State Shipbuilding Corporation (CSSC) and Wärtsilä announced that Wärtsilä has transferred its 30% shareholding in Winterthur Gas & Diesel Ltd. (WinGD) to CSSC, one of the largest Shipping conglomerates in China. WinGD will continue as an independent, international company to develop and innovate its two-stroke low-speed marine engine portfolio serving all merchant markets and customers worldwide. WinGD has its...