What's Happening?
Everllence has announced a significant order for its 6G70ME-C Mk10.7 engines, marking the first sale of a 70-bore engine from its latest Mk10.7 platform. The order, placed by Greek company Dynacom Tankers,
involves two engines for crude oil tankers currently under construction at New Times Shipbuilding in Jiangsu, China. The engines will be manufactured in Korea. This development follows the introduction of the Mk10.7 platform in November 2023, which has seen a positive market response with 40 engines ordered in 2024. The Mk10.7 platform is noted for its competitive fuel efficiency and retrofit flexibility, appealing to various newbuilding segments.
Why It's Important?
This order represents a significant milestone for Everllence, highlighting the growing demand for advanced engine technology in the maritime industry. The Mk10.7 platform's success underscores the industry's shift towards more efficient and flexible engine solutions, which are crucial for meeting environmental regulations and reducing operational costs. The order also strengthens Everllence's position in the global market, potentially leading to further contracts and collaborations. This development could influence other manufacturers to innovate and adapt to the evolving needs of the shipping industry, promoting technological advancements and sustainability.
What's Next?
Everllence aims to secure additional orders for its Mk10.7 engines, particularly the 80- and 95-bore variants. The company is optimistic about expanding its market presence and meeting the diverse needs of shipbuilders and owners. As the maritime industry continues to prioritize efficiency and environmental compliance, Everllence's innovative engine solutions are likely to attract more interest. The successful implementation of these engines in new projects could set a precedent for future developments in maritime technology.
