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September 7, 2017

Deals this week: Daewoo Shipbuilding & Marine Engineering (DSME), Mitsubishi Heavy Industries Mechatronics Systems, Wartsila

Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a contract worth approximately KRW470bn ($420m) by South Korean company Hyundai Merchant Marine (HMM) for the construction of five 300,000dwt very large crude carriers (VLCC).

Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a contract worth approximately KRW470bn ($420m) by South Korean company Hyundai Merchant Marine (HMM) for the construction of five 300,000dwt very large crude carriers (VLCC).

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The construction of the vessels is set to be financed under the Korean Government’s KRW2.6tr ($2.28bn) New Shipbuilding Programme.

Delivery of the ships is expected to commence in the first half of 2019.

The contract also includes an option for construction of five additional VLCC vessels.

Mitsubishi Heavy Industries Mechatronics Systems (MHI-MS) has agreed to provide licensing to China's Jiangsu Masada Heavy Industries for the production and sale of hose-handling and slim deck cranes for container ships.

The agreement is expected to allow Jiangsu Masada Heavy Industries to expand its product portfolio in China.

"Mitsubishi Heavy Industries Mechatronics Systems (MHI-MS) has agreed to provide licensing to China's Jiangsu Masada Heavy Industries for the production and sale of hose-handling and slim deck cranes."

MHI will license the manufacture and sale of three series of hose-handling cranes featuring hoisting loads of 10t, 15t and 20t respectively, which are mainly suitable for use on medium-range (MR) tankers and larger vessels.

Jiangsu Masada Heavy Industries will produce and sell slim deck cranes for container ships as part of the arrangement, including the 45t series.

Wärtsilä has received a contract  to provide re-liquefaction plants for three new liquefied natural gas (LNG) carriers that are currently under construction at Samsung Heavy Industries' (SHI) and Hyundai Heavy Industries' (HHI) fabrication yards.

The re-liquefaction plants will feature a capacity of 1.5t/h-2.5t/h and are expected to include Wärtsilä's new energy-efficient mixed refrigerant (MR) technology.

Delivery of the contracted equipment is slated to begin in February 2018.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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