Maritime Propulsion Marine engines, propulsors, electrification and drivetrain news

Vessels

Wilh. Wilhelmsen Launches Next Generation Cargo Vessel

(Lysaker, 23 March 2011): The Wilh. Wilhelmsen group has launched its 150th anniversary vessel, MV Tønsberg, into operation. The Mark V class is the most sophisticated vessel ever built in the roll-on roll-off segment…

Navy

Lockheed Martin Awarded $376m for LCS

The U.S. Navy awarded a Lockheed Martin (NYSE: LMT)-led industry team $376m to build the seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy…

Contracts

Massive Ship Order in China

While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner…