IN BRIEF: ABB secures heavy transport vessel propulsion contract

11. Aug 2026

(AWP Alliance News) - ABB Ltd - Zurich, Switzerland-based automation technologies company - Secures contract with Guangzhou Shipyard International to supply a power and propulsion package to semi-submersible heavy transport vessel Grand Tour. Company will supply four nozzled Azipod units to the vessel to provide propulsion. Company notes that the Azipod units "reduce mechanical losses and fuel consumption - thereby helping to reduce emissions - as well as noise and vibration compared to conventional mechanical thrusters." Guangzhou Shipyard International, the Guangzhou-based shipbuilder, is expected to deliver the Grand Tour in 2028.

"It's fantastic to see our power and propulsion technology delivering such strong value in demanding heavy-lift operations," says Rune Braastad, president of ABB's Marine & Ports division. "Projects like this demonstrate how advanced, integrated systems can make operations leaner, cleaner and more efficient, raising performance and safety to a new level, while also opening for new market opportunities."

Current stock price: CHF82.64, closed up 1.0% in Zurich on Tuesday

12-month change: up 55%

By John Robaina, Alliance News reporter

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