The International Chamber of Shipping stresses to ShippingWatch that no carrier will be able to avoid participating if the content of the IMO's CO2 deal is to be realized. Hapag-Lloyd thinks the deal will ensure fair competition in the industry, but it will require more investments.
MAN Diesel & Turbo joins forces with South Korea's Hyundai Heavy Industries to establish a new joint venture aimed at testing PVU technology, a technology that controls pressure and temperature of LNG fuel.
MAN Diesel & Turbo will supply engines to four newbuilds which, apart from methanol, can also sail on other types of fuel. "This new order confirms the ME-LGI concept as a mature technology," says MAN.
There is no reason for the IMO to wait until 2023 to deliver on CO2, is the criticism from engine powerhouse MAN Diesel & Turbo, which in an interview with ShippingWatch describes the UN's maritime body as its current biggest frustration.
2017 has only brought a minor recovery for MAN Diesel & Turbo, which has seen its market crumple since 2014. In an interview with ShippingWatch, CSO and Executive Board member Wayne Jones reveals when the company expects a full recovery.
Gas carrier I.M. Skaugen has been cleared to pursue a claim against engine manufacturer MAN Diesel & Turbo in Norway. A ruling was issued in the spring of this year, but the carrier now expects to file a claim in Norway of USD 18-20 million. MAN Diesel & Turbo rejects the claims.
Carrier J. Lauritzen must pay approximately DKK 2 million to engine manufacturer MAN Diesel & Turbo after Denmark's Supreme Court reversed a ruling this Wednesday in a protracted case regarding defect marine engines.
MAN Diesel & Turbo will pay back USD 8 million to Norwegian carrier Skaugen in the protracted fraud case related to diesel engines which used more fuel than stated in contracys. "MAN Diesel & Turbo SE has substantial outstanding claims against Skaugen," says MAN in a comment to ShippingWatch.
MAN Diesel and Turbo plans to lay off upwards of 1,400 workers as part of an effort to increase the German engine manufacturer's bottom line by EUR 450 million. 140 of the layoffs will come from the marine division.
The vast amount of work brought on by engine breakdowns, caused by MAN Diesel & Turbo's lubrication system, was a big ordeal for J. Lauritzen, the carrier's head of gas tanker tells ShippingWatch. He is relieved by the court ruling.
Engine manufacturer MAN Diesel & Turbo has been sentenced by the Danish Maritime and Commercial High Court to pay a million dollar figure in compensation to J. Lauritzen, as flaws in the lubrication system Alpha Lube have led to engine breakdowns. MAN decides to appeal.
Marine equipment association Sea Europe has no intentions of discussing the case of Wärtsilä's engine test fraud. Not now, nor late in June, the association's Secretary General tells ShippingWatch, thus overruling his own chairman Kjeld Dittmann.
Maritime equipment association Sea Europe does not see a need to hold an extraordinary meeting about the test scandals at Wärtsilä and Man Turbo & Diesel. The chairman otherwise floated the idea back in March.
The major supplier took a hit across all business segments from the rough market conditions in shipping and offshore as well as by fierce competition on the important Brazilian car market. MAN expects lower sales and a decreased operating result for 2016.