Wartsila's Marine Solutions business posted
EUR 387 million in orders during the third quarter (Q3) of 2017 - an increase of
35 percent compared to the corresponding period last year.
Orders received included a contract to supply the main engines and scrubbers to
four cruise ships being built by Fincantieri for
Norwegian Cruise Line (NCL). The cruise and ferry segment represented
36 percent of the third quarter order intake and the gas carrier segment accounted for
21 percent.
The conventional merchant segment's share was
17 percent. Special vessels represented
12 percent, navy
6 percent, and offshore
2 percent of the order intake. Other orders accounted for
5 percent of the total.
President and CEO
Jaakko Eskola highlighted the NCL order, in particular, saying: "A favourable contracting
mix in the marine markets supported order intake growth in Marine Solutions, the highlight being a contract to
supply the main engines and exhaust gas cleaning systems to Norwegian Cruise Line's four new generation cruise ships to be built by Fincantieri. The high level of activity in the cruise segment over the past few years has lengthened delivery times for both yards and equipment suppliers."
Eskola also referred to Wartsila winning a contract to build its
third LNG terminal in Finland, which will be located in
Hamina. The project will provide cleaner fuel for both marine transport applications and local industry.
Net sales for the Marine Solutions division were
EUR 328 million, which was
16 percent lower than last year's figure of EUR 390 million.
For the period January to September, Marine Solutions net sales decreased by
19 percent to
EUR 941 million (from (EUR 1,158 million).
