Mitsubishi Heavy Industries (MHI) has renewed a technology licensing agreement with Hyundai Heavy Industries (HHI) for Mitsubishi-UE low-speed marine diesel engines.
The licensing deal will help MHI further expand its Mitsubishi-UE engine portfolio in South Korea, which currently has a share of nearly 35% in the country's shipbuilding market.
Under the new deal, HHI will be able to produce, sell and service Mitsubishi-UE LSE and LSE-Eco series engines with cylinder bores of between 350mm-800mm.
MHI licensed its UE engine technologies to HHI in 1984. This new deal will strengthen the previous agreement and expand the number of licensed engine models.
The Mitsubishi-UEC diesel engine was developed in 1955 and is used in ships that include handymax and panamax bulk carriers, as well as numerous multi-purpose cargo ships.
According to MHI, the compact-sized Mitsubishi-UE engine has a lower fuel consumption, requires less cylinder oil lubrication and is available in different models to cater to various power outputs.
MHI said that HHI has the capacity to produce around 14 million horsepower of low-speed marine engines every year.
The companies are already collaborating in marine diesel engines, main engine turbines, cargo oil pumps and turbines and MET turbochargers. They are currently also cooperating in water feed pumps for boilers, circulating water pumps and compressors.
Image: With the renewed licensing deal from MHI, HHI will be able to produce, sell and service Mitsubishi-UE LSE and LSE-Eco series engines. Photo: courtesy of Mitsubishi Heavy Industries.