You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Kongsberg Maritime to Acquire Marine Propulsion Firm Steerprop Kongsberg Maritime to Acquire Marine Propulsion Firm Steerprop by Ship & Bunker News Team Monday September 7, 2026 Tweet Follow @shipandbunker The acquisition will strengthen Kongsberg Maritime’s position in Arctic and ice-class propulsion systems. File Image / Pixabay Maritime technology firm Kongsberg Maritime has agreed to acquire Finnish marine propulsion specialist Steerprop . Steerprop designs and manufactures azimuth propulsion systems for icebreakers, polar research vessels, offshore support vessels and other demanding applications, Steerprop said in an emailed statement on Monday . Its systems are installed on more than 400 vessels worldwide, with most of its order backlog linked to Arctic and ice-class projects. The acquisition will combine Steerprop’s specialised Arctic propulsion technology with Kongsberg Maritime’s global organisation, lifecycle services network and wider marine technology portfolio. Both companies will operate independently until the transaction is completed, with existing projects, deliveries and contractual commitments unchanged. Following completion, Kongsberg Maritime plans to integrate Steerprop gradually while retaining key Arctic propulsion expertise and customer relationships. The deal remains subject to regulatory approvals and other customary closing conditions. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Island Oil Publishes 2025 ESG Report Bunker supplier details welfare measures on shore and at sea, alongside its first Sustainability State