Alphaliner: Wärtsilä's Chinese mega-deal is a blow to MAN
Scandinavian engine supplier Wärtsilä steps up the competition with MAN Diesel & Turbo, as Wärtsilä confirms a Chinese joint venture with China-based ship building giant, according to Alphaliner's analysis.
BY LOUISE VOGDRUP-SCHMIDT
In the summer of 2014, Finland-based Wärtsilä entered into an agreement for a joint venture with the largest Chinese ship building group CSSC (China State Shipbuilding Corporation). The joint venture will take over Wärtsilä's two-stroke engine business in China, and CSSC will own 70 percent with 30 percent owned by Wärtsilä.
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