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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Container Manufacturer Reports Profit Plunge

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014.

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

Iconic Star Ferry in Move to New Wan Chai Pier

With effect from the first departure on Saturday 30 August 2014, Hong Kong's “Wan Chai – Tsim Sha Tsui” ferry service will operate from the new Wan Chai Ferry Pier.

Finance

Container Manufacturer Reports Profit Plunge

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014.

Bid to Rescue Clyde Shipbuilder Ferguson

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs,

Scotland Site for World's Biggest Tidal Array

The world’s biggest tidal array is to be built in North Scotland bringing jobs and energy security to the Pentland Firth region, informs a UK Government news release.

Marine Power

USS Independence Successfully Completes Special Trials

USS Independence (LCS 2) successfully completed Special Trials (ST), a series of at-sea tests on Aug. 2, following the ship's participation in the multinational

Krill Supplies VFMMS to Island Tug and Barge

Krill Systems Inc., a producer of Vessel Fuel Measurement and Monitoring Systems (VFMMS), announced delivery, installation and successful sea trials of three more systems to Island Tug and Barge Ltd.

Eaton to Exhibit at SMM

Power management company Eaton will demonstrate its expanded ability to deliver electrical, explosion-proof and hydraulic equipment for the marine and offshore

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1548 sec (6 req/sec)