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April 20, 2017

Deals this week: Fincantieri, Winterthur Gas & Diesel, Wärtsilä

VikingOcean Cruises has signed a memorandum of agreement (MoA) with Fincantieri for the construction of two cruise ships, increasing its total number of orders placed with the shipbuilding firm to eight.

VikingOcean Cruises has signed a memorandum of agreement (MoA) with Fincantieri for the construction of two cruise ships, increasing its total number of orders placed with the shipbuilding firm to eight.

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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 agreement also includes an option for the construction of two more ships at a future date.

The two new-builds will be the sister ships of the cruise line’s Viking Star-class vessels, and are scheduled for delivery in 2021 and 2022 respectively.

Switzerland-based ship engine manufacturer Winterthur Gas & Diesel (WinGD) has secured a contract to supply seven-cylinder, 62cm-bore type 7X62DF engines for four LNG-fuelled Aframax ice-class tankers, which are currently being built by Hyundai Heavy Industries for SCF Group.

7X62DF engines possess a rated capacity of 13,800kW at 86rpm, run on low-pressure lean burn technology and run on multiple fuels, including LNG, heavy fuel oil (HFO), and distillate or hybrid liquid fuels.

"Switzerland-based ship engine manufacturer Winterthur Gas & Diesel (WinGD) has secured a contract to supply seven-cylinder, 62cm-bore type 7X62DF engines for four LNG-fuelled Aframax ice-class tankers."

The engines are designed to comply with the International Maritime Organisation’s (IMO) Tier III limits for nitrogen oxide when running on gas, and with IMO Tier II when burning liquid fuel.

Hyundai Heavy Industries' Engine & Machinery Division (HHI-EMD) is developing the WinGD engines in Ulsan.

Dredging International (DEME) has awarded a contract to Wärtsilä for the supply of engines and other propulsion machinery for use on-board its new offshore construction vessel Orion, which is currently under construction at Cosco shipyard, China.

Wärtsilä will provide four nine-cylinder 46DF dual-fuel electric propulsion engines, two six-cylinder 20DF dual-fuel engines, two retractable thrusters, four underwater demountable thrusters, and Wärtsilä LNGPac storage and supply system under the new arrangement.

Wärtsilä will also provide commissioning, site supervision, and extended project management services as part of the deal.

The 210m-long offshore construction vessel will aid in the installation of offshore windfarms.

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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