Wärtsilä X62 Engine Ready for Production
Wärtsilä reports that its first X62 two-stroke engine has successfully passed its design validation, type approval tests and necessary sea trials, and is therefore ready for full market availability. The Wärtsilä X62 is the latest in Wärtsilä's X-Generation of engines that was introduced in 2012. Thus far orders have been received for 127 X-Generation engines which feature a high stroke-to-bore ratio, thus achieving a lower engine speed and reduced brake specific fuel consumption (BSFC). The X62 incorporates Wärtsilä's second generation electronically controlled, common-rail fuel injection system. The system facilitates high levels of combustion efficiency to give exceptional fuel savings across the entire load range of the engine.
Change in Shareholding at Lisnave
There has been change in the shareholding at Portugal’s Lisnave following discussions between Germany’s German Industrial Group (GIG) and Portugal’s Estudos e Projectos Navais SA (Navivessel). The original agreement between these two companies included the possibility, if certain conditions and events were met, that GIG would acquire an additional stake of 40% of Lisnave’s share capital, thus obtaining control of the company. However, it has been decided that GIG would not increase its existing share capital and that Navivessel would acquire the 20% share capital acquired by GIG during 2002. The strategic partnership between GIG and Lisnave…
