WinGD and Hyundai Extend License Agreement for 10 Years

license agreement
Mr K. D. Lee, Executive Vice President, HHI and Martin Wernli, CEO, WinGD, are signing the extension of the licence agreement

By MarEx 2017-04-04 10:26:49

Winterthur Gas & Diesel Ltd. (WinGD) and Hyundai Heavy Industries Co., Ltd. (HHI) signed an amendment to extend their current License Agreement for another ten years in Winterthur, Switzerland on 14 March 2017. The agreement covers the sale, manufacturing and servicing of WinGD low-speed marine engines. HHI is a long-standing member of the WinGD family of low-speed engine licensees.

WinGD and HHI look back on a very long, successful and fruitful relationship. Besides building many engines, HHI has, over the years, also contributed to the development of WinGD low-speed engines and built the first examples of new engine types like the RT-flex82C/ 82T and X92.

“WinGD and HHI have a long common history of introducing new technologies to the international shipbuilding industry. The extension of our license co-operation agreement will enable us to strengthen our presence in the important Korean shipbuilding market and ensures that in the years to come our customers will continue to benefit from the availability of competitive, high-quality fuel-efficient and environmentally-friendly main propulsion engines for all merchant vessels built by shipyards in HHI territory; it also shows WinGD’s long term commitment to be a reliable and innovative partner to the Korean ship- and engine building industry” comments Martin Wernli, CEO, WinGD.

The products and services herein described in this press release are not endorsed by The Maritime Executive.

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