This episode comes from the halls of SMM, the shipbuilding, machinery and marine trade show in Hamburg, Germany.
Everllence, once known as MAN Energy Services, Man Diesel and Turbo, MAN W&W (Burmeister and Wain) os simply Maschinenfabrik Augsburg-Nürnberg is one of the oldest and largest engine makers in shipping.
The name Everllence came as its parent group, Volkswagen Group, looked to sell a majority stake of the division while retaining the MAN name for its other business lines.
This year the sale of a 51% stake of Everllence was agreed for about $8.5bn to a private equity firm Bain. VW retaining the other 49%
In this interview TradeWinds senior editor Craig Eason sits down with Everllence chief executive Dr Uwe Lauber to talk about the sale, the future and the lack of shipowner appetite for the new engines that the company has spent millions of dollars developing.
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