Wärtsilä Oyj

Type: Company
Name: Wärtsilä Oyj (Wartsila Oyj)
Nationality: Finland
Web Address: http://www.wartsila.com/en/
Fact Sheet: Fact Sheet for Wartsila Oyj
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Wärtsilä, Chinese Shipyard Join Forces for Dual-Fuel Engine Making

Eskola said the size of CSSC and the Chinese market mean more opportunitiesWärtsilä Corp. (Wärtsilä) says it has signed a deal with China State Shipbuilding Corp . (CSSC) creating a joint venture for the manufacture of diesel and dual-fuel engines.The ... [Published Ship & Bunker - Jul 22 2014]
First reported Jul 20 2014 - Updated Jul 21 2014 - 5 reports

Wärtsilä and China State Shipbuilding to establish JV for engine business

Wärtsilä has entered into an agreement with China State Shipbuilding (CSSC) to establish a joint venture (JV), which will acquire Wärtsilä's two-stroke engine business.CSSC's subsidiary CSSC Investment and Development will own a 70% stake in the JV, while ... [Published Ship Technology - Jul 21 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 6 reports

Wärtsilä establishes joint venture with China State Shipbuilding Corp- expands range of engines manufactured in China

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will ... [Published Bunker Ports News Worldwide - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 10 reports

Wartsila Oyj Abp establishes 2-stroke engine joint venture with China State Shipbuilding Corporation

Wartsila Oyj Abp:Wartsila and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wartsila's 2-stroke engine business.Through the agreement, CSSC will own 70 pct of the business through ... [Published Reuters - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 5 reports

Wartsila Oyj Abp revises FY 2014 outlook

Wartsila Oyj Abp:Revises FY 2014 outlook.Wartsila estimates its profitability for FY 2014 (EBIT pct before non-recurring items) to be around 11.5 pct, due to the two-stroke business transaction.Says net sales are expected to grow by around 5 pct.Previously ... [Published Reuters - Jul 18 2014]
Entities: Wärtsilä Oyj, EBIT
First reported Jul 18 2014 - Updated Jul 18 2014 - 5 reports

Ship power drives Wärtsilä first half growth

Wärtsilä’s ship power secured 973 contracts for new vessels in the first half, up 29% over the same period last year.The group's ship power division racked up 43% sale growth compared to the first half of 2013, off setting a 26% drop in sales for the ... [Published Seatrade Global - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

Wärtsilä, CSSC Establish Engine JV – The Maritime Executive

‘) > -1 ) {var begscript_start = strcode.indexOf(”, begscript_start);var endscript_end = strcode.indexOf(‘>’, endscript_start);scripts.push(strcode.substring(begscript_end+1, endscript_start));strcode = strcode.substring(0, begscript_start) + ... [Published MaritimeSecurity.Asia - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

WÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2014

- Order intake increased 9% to EUR 1,163 million (1,071)- Net sales decreased 2% to EUR 1,132 million (1,152)- Book-to-bill 1.03 (0.93)- Operating result before non-recurring items EUR 122 million, or 10.8% of net sales (EUR 111 million or 9.6%)- Earnings ... [Published Indianapolis Business Journal - Jul 18 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Harkand charters Surf Ranger

• HoustonHarkand has signed a charter agreement for the Surf Ranger . The multi-purpose ROV, survey and air diving vessel, owned by Go Offshore, will go to work on a pipeline and structural inspection campaign for TAQA.The project includes structural ... [Published Offshore oil and gas - Jul 17 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Wärtsilä signs agremeent with four Greek LNG ship owners-

Wartsila has signed technical management agreements with four Greek liquefied natural gas (LNG) ship ownersWärtsilä has signed technical management agreements with four Greek liquefied natural gas (LNG) ship owners, Maran Gas Maritime, Dynagas, TMS Cardiff ... [Published Balkans.com - Jul 17 2014]
First reported Jul 15 2014 - Updated Jul 15 2014 - 6 reports

Wartsila to provide CBM for 20 dual-fuel Greek LNG tankers

Wärtsilä reports that it has signed technical management agreements with four Greek LNG carrier operators, covering maintenance of 80 dual fuel engines in 20 ships, for a five year period.The technicalmanagement agreements include condition based maintenance ... [Published Motor Ship - Jul 15 2014]
First reported Jun 27 2014 - Updated Jun 27 2014 - 6 reports

Wärtsilä Receives Repeat Order from Prestige Cruise Holdings

Two vessels have been added to the five-year maintenance agreement that was signed between Wärtsilä, the marine industry's leading solutions and services provider, and US-based Prestige Cruise Holdings, Inc. (Prestige), the parent company of Oceania Cruises ... [Published Maritime Executive - Jun 27 2014]

Quotes

...already offers the most comprehensive range of Hall sensors for automotive and industrial electronics," says Matthias Bopp, CEO of Micronas. "We enhanced our product portfolio in the first half of 2014 with a new generation of our established Hall switches and additional direct angle sensors."
"This agreement marks an historic moment for our two companies, and it opens the door to exciting new opportunities" said Jaakko Eskola, senior executive vice president and president of Ship Power for Wärtsilä
Wärtsilä ship power senior executive vice-president Jaakko Eskola said: "CSSC shares our vision for the future of the two-stroke marine engine market and we feel that this agreement will benefit both parties, as well as the entire shipping sector."
"This agreement marks an historic moment for our two companies, and it opens the door to exciting new opportunities. China is today the largest shipbuilding nation on earth, and CSSC is the largest shipbuilding company in China . Wartsila offers the marine industry's broadest scope of products, solutions and services, and through this joint venture our two companies can deliver leading edge engine technology that can improve efficiencies and lower operating costs for owners and operators everywhere" says Jaakko Eskola , Senior Executive Vice President & President, Ship Power , Wartsila Corporation

More Content

All (229) | News (175) | Reports (0) | Blogs (37) | Audio/Video (0) | Fact Sheets (6) | Press Releases (11)
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MICRONAS SEMICONDUCTOR : First-half sales ahead... [Published 4 Traders - Jul 22 2014]
Wärtsilä, Chinese Shipyard Join Forces for Dual... [Published Ship & Bunker - Jul 22 2014]
Wärtsilä and China State Shipbuilding to establ... [Published Ship Technology - Jul 21 2014]
Wärtsilä net sales down 2% [Published LNG Industry - Jul 21 2014]
ASIA: Wärtsilä sells two-stroke engine business... [Published Lloyd's List Daily Commercial News - Jul 21 2014]
WARTSILA ABP : establishes joint venture with C... [Published 4 Traders - Jul 21 2014]
Wärtsilä to Manufacture Marine Dual-Fuel Engine... [Published NGV Global - Jul 20 2014]
Wärtsilä establishes joint venture with China S... [Published Bunker Ports News Worldwide - Jul 18 2014]
Wartsila Oyj Abp establishes 2-stroke engine jo... [Published Reuters - Jul 18 2014]
Wartsila Oyj Abp revises FY 2014 outlook [Published Reuters - Jul 18 2014]
Ship power drives Wärtsilä first half growth [Published Seatrade Global - Jul 18 2014]
EUROPE: Wärtsilä releases interim report [Published Bunkerspot - Jul 18 2014]
Wartsila forms medium-speed joint venture with ... [Published Motor Ship - Jul 18 2014]
Wärtsilä ups profit forecast [Published Tanker Operator - Jul 18 2014]
Wärtsilä, CSSC Establish Engine JV [Published Maritime Executive - Jul 18 2014]
Wärtsilä, CSSC Establish Engine JV – The Mariti... [Published MaritimeSecurity.Asia - Jul 18 2014]
Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Wärtsilä, CSCC establish joint venture [Published Offshore Engineer - Jul 18 2014]
Wartsila order intake climbs [Published LNG World News - Jul 18 2014]
Wärtsilä sells stake in two-stroke business to ... [Published Motor Ship - Jul 18 2014]
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published GCaptain - Jul 18 2014]
Wärtsilä establishes joint venture with CSSC [Published LNG Industry - Jul 18 2014]
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published MaritimeSecurity.Asia - Jul 18 2014]
June 2014: Wärtsila publishes interim report [Published Energy Global - Jul 18 2014]
Wärtsilä in twin joint ventures with CSSC [Published Seatrade Global - Jul 18 2014]
CSSC signs deal to take control of Wärtsilä’s 2... [Published Sino Ship News - Jul 18 2014]
CSSC-Wartsila sign JV to build engines [Published CHINAdaily - Jul 18 2014]
Good Profitability for Wärtsilä in H1 Interim R... [Published Marine Link - Jul 18 2014]
Wärtsilä Teams Up with CSSC [Published World Maritime News - Jul 18 2014]
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Blogs

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Wärtsilä, CSSC Establish Engine JV – The Mariti... [Published MaritimeSecurity.Asia - Jul 18 2014]
‘) > -1 ) {var begscript_start = strcode.indexOf(”, begscript_start);var endscript_end = strcode.indexOf(‘>’, endscript_start);scripts.push(strcode.substring(begscript_end+1, endscript_start));strcode = strcode.substring(0, begscript_start) + ...
Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Wärtsilä and China State Shipbuilding Corporation (CSSC)—one of the largest shipbuilders in the world—will form two new joint ventures. The first will take over Wärtsilä’s 2-stroke engine business. Through the agreement, CSSC will own 70% of the business ...
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published MaritimeSecurity.Asia - Jul 18 2014]
Wartsila 2-stroke engine, image: Wartsila From now on, Wartsila’s 2-stroke engine business will be listed as “discontinued operations” following an announcement today that it has sold a 70 percent stake in that business unit to China State Shipbuilding ...
MHI Builds World’s Lowest Fuel Oil Consuming En... [Published MaritimeSecurity.Asia - Jul 02 2014]
Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd (MHI-MME) will carry out a full-scale operation UEC35LSE and UEC33LSE which are the MHI-MME’s most-advanced low speed marine diesel engines. Based on MHI-MME’s thorough market reserch, UEC35LSE ...
First Inland Waterway Vessel Refitted For LNG [Published MaritimeSecurity.Asia - Jun 25 2014]
The first inland waterway vessel refitted with a Liquefied Natural Gas (LNG) drive system was officially delivered 19 June in Rotterdam. Danser Group’s Eiger-Nordwand tug-barge combination was converted by the Koedood firm. With a Wärtsilä dual-fuel ...
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Press Releases

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WÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2014 [Published GlobeNewswire: Acquisitions News - Jul 18 2014]
Wärtsilä establishes joint venture with China S... [Published GlobeNewswire: Advertising News - Jul 18 2014]
Wärtsilä Selects ClickSoftware's ClickWorkforce... [Published Financial Services - May 08 2014]
WÄRTSILÄ INTERIM REPORT JANUARY-MARCH 2014 [Published GlobeNewswire: Advertising News - Apr 24 2014]
Wärtsilä's Interim Report January-March 2014 to... [Published GlobeNewswire: Advertising News - Apr 10 2014]
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