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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Wartsila CEO highlights NCL engine and scrubber order

Marine orders increased by 35% in the third quarter.



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Updated on 25 Oct 2017 08:01 GMT

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).






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