MAN Diesel & Turbo is - together with Rolls-Royce and Wärtsilä - one of the biggest players in its field, and the competitive situation in the market is very fierce right now.
"We have to fight hard for every single order. Regardless of whether this concerns supplying engines or servicing in the market for spare parts. It's a buyer's market, and it's extremely tough," Thomas S. Knudsen, CEO of MAN Diesel & Turbo, tells ShippingWatch.
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