Wärtsilä Secures Finance for R&D Work

Press Release
Wednesday, February 13, 2013

Wärtsilä and Nordic Investment Bank sign a EUR 50-million loan agreement to support Wärtsilä's R&D activities.

The contract for this 10-year loan was signed in Helsinki, Finland on 13 February 2013. This R&D loan supports Wärtsilä’s long-term strategy of strengthening its technology leadership position in the global marine and energy markets, and with it Wärtsilä will further develop its medium-speed engine technology in terms of efficiency, reliability and environmental performance, as well as in reducing lifecycle costs.

Wärtsilä’s R&D activities continue to be given a high profile. Since 2009 Wärtsilä has increased its R&D related expenditures by more than 30 per cent. The R&D related expenditure in 2012 was at a high level of EUR 188 million, which represents four per cent of the company’s net sales.

The key areas of Wärtsilä’s research and development operations are 4-stroke engines, 2-stroke engines, propulsion, as well as emissions abatement and energy efficiency products. Wärtsilä has today the widest portfolio of exhaust gas cleaning systems for the removal of sulfur oxides. The portfolio consists of open-loop, closed-loop and hybrid exhaust gas cleaning systems.

Wärtsilä is a pioneer in developing dual-fuel technology for 2- and 4-stroke engines. Testing during 2012 confirmed that Wärtsilä’s 2-stroke dual-fuel engine technology is progressing as planned, and this new technology will meet IMO tier III emission requirements without exhaust gas treatment systems. Wärtsilä’s research centers for engine technology are located in Finland, Italy, Spain and Switzerland.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Crowley Opens Government Services Office

Crowley Maritime Corp. has opened a new government services office in downtown Norfolk, Va. to help the company better serve government agencies such as the Military Sealift Command (MSC) and the U.

Interview: Mike Petters - President & CEO, HII

Last month Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE:HII), was honored by the Coast Guard Foundation at the 35th Annual Salute to the United States Coast Guard,

McAllister Towing – 150 Years of Family Business

“Early in 1864, a young man names James McAllister stood on board a sailing vessel where he served as a mate. The boat was about to set sail from the Red Bay of


When Conducting Investigations Consider 'Privileges'

Whether voluntarily or as required by the International Safety Management Code, the American Waterways Operators’ (AWO) Responsible Carrier Program, or some other rule or regulation,

Deepwater Downturn: Bump in the Road or Long-Term Slowing of Growth?

IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector.  The new report – the 19th annual floater

North Group Increases Projected Free Reserve

Directors of the North P&I Club and Sunderland Marine Insurance Company (North Group) have revised their projection for the group’s year-end free reserve up to $380 million,

Marine Power

Rolls-Royce Targets Costs and Complexity in Quest for Growth

Rolls-Royce's new chief executive aims to strip out costs and complexity, rather than selling off chunks of the business, as he seeks to return the British engine company to growth.

Turbocharger Retrofits for Royal Caribbean

MAN PrimeServ informs it has won the contract from Royal Caribbean Cruises Ltd. (RCCL) to retrofit the turbochargers aboard four cruise liners from its fleet.   The

Adrift Cargo Ship Taken in Tow

The Barbados-registered cargo vessel Skog, which was adrift off Orkney after encountering engine problems, is now under tow, the U.K. Maritime and Coastguard Agency (MCA) reported.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1017 sec (10 req/sec)