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30 October 2020 The on-line newspaper devoted to the world of transports 15:29 GMT+1



October 5, 2020

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Joint venture to leverage 3D printing technology for spare parts for shipping

Agreement between Germany's thyssenkrupp and Norway's Wilhelmsen

Germany's thyssenkrupp and Norway's Wilhelmsen Ships Service have signed an agreement to form a joint venture with the goal of collaborating in the supply of spare parts to maritime industry produced with the use of 3D printing.

Announcing the agreement, the two partners stressed that currently the shipping industry spends about 13 billion dollars year in spare parts and that 50% of fleet ships is more than 15 years old. Also highlighting that the availability of spare parts is limited, thyssenkrupp and Wilhelmsen Ships Service found that currently the entire procedure ranging from the order of parts replacement to their supply is complex and expensive, so much so that overheads can often exceed significantly cost of the spare parts ordered. In addition, thyssenkrupp and Wilhelmsen Ships Service explained that production traditional replacement parts takes time and, therefore, who has to manage fleets is forced to have high quantities of spare parts to meet needs, resulting in high capital costs.

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