Finnish technology group Wärtsilä has launched a new initiative that aims to convince some of the world's most influential port cities to adopt a completely digitized marine ecosystem by 2020. The not-for-profit initiative, called Oceanic Awakening, was introduced during this year's SMM trade fair in Hamburg, Germany. If successful, the initiative could create a massive … [Read more...]
Wärtsilä Wins 170 Million Euro Scrubber Order from Major European Container Shipping Company
Finnish technology group Wärtsilä says it has received a 170 million euro order to install exhaust scrubbers on the fleet of a major European container shipping company. Wärtsilä Services will deliver 50 MW, 60 MW and 70 MW Wärtsilä hybrid exhaust gas cleaning equipment which it will retrofit onto the container vessels. The European container company and number of units … [Read more...]
Wartsila Misses Earnings Expectations Amid Geopolitical Uncertainty; Eyes Rolls-Royce Marine Business
HELSINKI, April 24 (Reuters) - Finnish ship technology and power plant maker Wartsila missed first-quarter earnings expectations on Tuesday and said geopolitical uncertainty was slowing demand in the marine market. In a phone interview following the quarterly report, Chief Executive Jaakko Eskola said Wartsila aimed to grow through acquisitions and that it continued to look … [Read more...]
Scrubbers are “No Silver Bullet” for Shipping Industry, Wartsila Says
By Ahmad Ghaddar and Libby George LONDON, April 20 (Reuters) - Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The International Maritime Organization's (IMO) cut to the amount of … [Read more...]
Wärtsilä Acquires Transas in Push Towards Smart Shipping
Finnish technology group Wärtsilä has announced its intention to acquire UK-based marine navigation company Transas as Wärtsilä looks to accelerate its push in the area of smart shipping technology. Established in 1990, Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. The company is … [Read more...]