Wärtsilä Reports 45% Fall in Q1 Profit
Finland's Wärtsilä on Tuesday missed expectations with a 45% drop in quarterly profit hurt by the coronavirus outbreak, sending its shares down more than 6%, despite order intake at the ship technology and power plant maker falling less than expected.CEO Jaakko Eskola said demand in the first quarter had remained reasonable given the market conditions but among Wärtsilä's clients the cruise ship segment had been severely affected and several energy project sites had been demobilized."In the energy markets, deteriorating macroeconomic conditions and the anticipated decrease in electricity consu
Wärtsilä LNG Refit for Münsterland Ferry
Wärtsilä was selected to carry out a retrofitting project aimed at lessening the environmental footprint of a ferry operating on the Wadden Sea, a UNESCO World Heritage listed area in the south eastern end of the North Sea.The retrofit will enable Münsterland, a RoPax ferry owned by German operator Aktien-Gesellschaft ‘Ems’ (AG Ems), to use LNG as fuel, significantly reducing its greenhouse gas emissions.Work will take place at the Koninklijke Niestern-Sander B.V. yard in the Netherlands…
OOCL Takes Further Step Forward in GHG Reporting
In OOCL’s commitment to environmental protection and data integrity standards, we are pleased to announce that OOCL has taken a further step forward in our Greenhouse Gas (GHG) reporting by extending the scope to container terminals, namely Long Beach Container Terminal, LLC. (LBCT) in the United States and Kaohsiung Container Terminal (KAOCT) in Taiwan. Each year, OOCL ensures that such standards are consistent and upheld by certifying our environmental data through independent business assurance service providers.
Hybrid RoPax Ferry Delivered to Royal TESO
Hybrid RoPax ferry Texelstroom has been delivered to Koninklijke N.V. Texels Eigen Stoomboot Onderneming (Royal TESO). This latest generation symmetrical ferry is powered by efficient, medium speed dual fuel engines of Anglo Belgian Corporation (ABC). Texelstroom will be responsible for transporting up to 1,750 passengers and 350 vehicles between the port of Den Helder and the island of Texel. Royal TESO announced on May 8, 2014 that it had signed an agreement with the northern Spanish shipyard LaNaval for the construction of a new ferry.