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December 15, 2016

Deals this week: ZF Friedrichshafen, Ports America, Hyundai Heavy Industries (HHI)

ZF Friedrichshafen has agreed to collaborate with Rolls-Royce Power Systems for the development of improved marine propulsion systems.

ZF Friedrichshafen has agreed to collaborate with Rolls-Royce Power Systems for the development of improved marine propulsion systems.

Under the collaboration, both the companies will exchange technical know-how to develop hybrid propulsion systems and digitally networked solutions.

The deal will integrate the MTU brand of engines from Rolls-Royce Power Systems, and marine transmissions from ZF Friedrichshafen.

Ports America has partnered with Sydney Harbour Investment Partners (SHIP) for the development and management of the proposed deep-water container facility, Novaporte, in the Port of Sydney.

SHIP, in association with Ports America and a development group, intends to construct a semi-automated, deep-water marine container terminal to handle vessels with a capacity of more than 18,000 twenty-foot equivalent units (TEU).

Novaporte will have the ability to handle the biggest of the next-generation ultra-large container vessels, and will be operated by Ports America for 40 years.

Ports America will also offer full stevedore and terminal labour management, terminal operating systems, as well as maintenance and repair.

Hyundai Heavy Industries (HHI) has secured a contract to build new 14,500TEU class containerships and 49,000 deadweight tonnage (DWT) product / chemical carriers for the Islamic Republic of Iran Shipping Lines (IRISL).

The $650m deal involves the construction of ten ships for IRIS. The container ships will measure 366m-long and 48.2m-wide, while the product / chemical carriers will have a length of 183m and width of 32.2m.

The vessels will be built in accordance with the latest International Maritime Organisation (IMO) Tier III nitrogen oxide (NOx) emissions standards.

China Harbour Engineering Company (CHEC) and China State Construction Engineering (CSCEC) have signed two separate memorandums of understanding (MoUs) to develop two of the 19 components of Payra deep-sea port in Bangladesh.

The $600m deal involves the construction of the main port infrastructure by CHEC, and development of housing, healthcare and education facilities by CSCEC.

The MoU also includes the development of the road and bridge linking the port, other associated infrastructure, sewerage line, link roads, and rail lines.

The port is currently being developed across an area of more than 7,000ac of land on the west bank of Ramnabad Channel in Patuakhali. The main structure of Payra port is scheduled for completion by 2023.

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