Page 55: of Maritime Reporter Magazine (September 1998)
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The Wartsila 64. cash-rich after the sale of Rolls-
Royce Motor Cars to Volkswagen of Germany, is planning to strengthen its position in the marine propulsion market by way of takeovers and joint ven- tures. It is reportedly consider- ing the possibilities for broaden- ing its sectoral involvement from propellers, thrusters and water- jets, currently represented in the
Swedish-based Kamewa busi- ness, to complete propulsion packages.
Collaboration fostered through Kamewa has already set the group on the path, starting with last November's link-up with Volvo Penta to create
Advanced Propulsion Systems, providing integrated solutions covering the 200-800-bhp sector of the market. Packages combine
Volvo Penta diesel engines and transmissions with Kamewa waterjets and control systems.
Vickers' Scandinavian subsidiary has also entered into a collabora- tive venture with electrical engi- neering specialist Cegelec to develop and supply podded propulsion systems aimed pri- marily at the cruise ship, ferry, offshore and naval markets. The resultant Mermaid system is being developed by Kamewa, with Cegelec responsible for the electric drive.
As part of the ongoing struc- tural changes in the industry, meantime, MAN B&W has secured the majority interest in the French diesel engine manu- facturer SEMT Pielstick, and created a joint commercial ven- ture with the Saint Denis-based company to promote sales of diesel power plants based on the combined medium-speed range.
The French company had been owned and managed on a 50/50 basis by German-controlled engi- neering groups MAN B&W and
MTU Friedrichshafen since its 1988 takeover from GEC
Alsthom. As a consequence of the shareholding changes, the respective stakes are now 66.6 and 33.4 percent, albeit with no change in responsibilities of
MAN B&W for the Pielstick PC series and of MTU for the PA range.
As regards MTU's own medi- um-term commercial develop- ment, an expansion-orientated policy has been implemented, targeting a first-time DM2 bil- lion-plus turnover for the year 2000. Compared to 1997, this would represent an increase of more than DM350 million, or 21 percent.
The first of seven Marine
Protector-class patrol boats equipped with two MTU 8V396 engines of 1,475-bhp each was commissioned from Bollinger
Shipyards by the U.S. Coast
Guard earlier this year. While
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ASTILLEROS ESPAN0LES
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