MHI selected by Inmarsat to launch its first Inmarsat-6 satellite

Inmarsat (LON: ISAT), the world’s leading provider of global mobile satellite communication services, has today announced that Mitsubishi Heavy Industries, Ltd. (MHI) has been selected as the launch provider for the first satellite in the Inmarsat-6 fleet (Inmarsat-6 F1). The value of the contract has not been disclosed.  The satellite, which is under construction by … [Read more...]

Denmark To Build Offshore Wind Turbine Higher Than Eiffel Tower

by Jess Shankleman (Bloomberg) Offshore wind turbines are about to become higher than the Eiffel Tower, allowing the industry to supply subsidy-free clean power to the grid on a massive scale for the first time. Manufacturers led by Siemens AG are working to almost double the capacity of the current range of turbines, which already have wing spans that surpass those of … [Read more...]

Japan’s Mitsubishi Heavy Industries Considering Shipbuilding Options

By Chris Cooper and Kiyotaka Matsuda (Bloomberg) -- Mitsubishi Heavy Industries Ltd. is considering options for its shipbuilding business to reduce costs as persistently weak demand for vessels prompts companies in the industry to take measures to reorganize their operations and form partnerships. The company is considering a capital tieup with three Japanese shipbuilders … [Read more...]

AIDA Cruises New Flagship Delayed Again at MHI

Japan's Mitsubishi Heavy Industries says that the delivery of a next-generation cruise ship for AIDA Cruises scheduled for September will be delayed by three months. The ship, named AIDAPrima, is the first of two new cruise ships being built by MHI and will be the flagship of the German cruise line. MHI said in a statement Wednesday it has reached an agreement with AIDA … [Read more...]