Wabtec And Marinsa Secure Marine Engine Order For New Panama Canal Tugboats; Financial Terms Not Disclosed
Portfolio Pulse from Charles Gross
Wabtec Corporation and Marinsa International have signed a contract to supply engines for 10 new hybrid tugboats for the Panama Canal Authority. Wabtec will provide two 8L250MDA marine engines for each tugboat, focusing on maximum availability and low life-cycle cost. Financial terms of the deal were not disclosed.
November 28, 2023 | 12:42 pm
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Wabtec Corporation has secured a contract to supply engines for 10 new tugboats for the Panama Canal, which may positively influence investor sentiment.
The contract for supplying marine engines to the Panama Canal Authority tugboats is likely to be viewed positively by investors, as it demonstrates Wabtec's competitive strength in the marine engine market and could lead to future revenue growth. However, without financial details, the exact impact on the company's bottom line remains unclear, which is why the confidence level is not at the maximum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80