Equipment Maker News

Finland-based marine technology and equipment maker Wärtsilä has introduced the marine sector’s "first commercially available 4-stroke engine-based solution for ammonia fuel."According to Wärtsilä, the new solution enables a significant advance in sustainable shipping operations – during a time in which ship owners are seeking viable options among green fuels. The ammonia solution is now commercially available as part of the Wärtsilä 25 engine platform, which was launched in September 2022.Viridis Bulk Carriers…

Marine and energy equipment maker Wartsila will roll out its first methanol-powered engine in a new ship next year as the group accelerates green fuel technology options for shipping, a company executive said.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions by 2050 are still slow.While Denmark's AP Moller Maerskhas ordered eight container ships that can be powered by methanol for delivery in 2024…

Emissions reductions have been confirmed for the first laker to feature a diesel-electric drive train, after the initial weeks in service of Canada Steamship Lines’ new self-unloader Nukumi. The vessel arrived in Halifax in time to take up duties for the 2022 Great Lakes season complete with patented Direct Drive Electric technology from Berg Propulsion.Built by China’s Chengxi Shipyard, the delivery also marks a bulk carrier market debut for Direct Drive Electric - an integrated solution developed by Berg to make high efficiency electric propulsion easier to adopt.The 26…

Finland's Wartsila, a top global marine and energy equipment maker, posted first-quarter earnings roughly in line with expectations on Thursday, citing increased uncertainty in demand and supply in its end markets.Wartsila said its comparable operating profit increased 61% to 65 million euros ($68.25 million) from 41 million in the year-ago quarter, against a mean estimate of 67.2 million euros expected by 14 analysts in a Vara Research poll commissioned by the company.($1 = 0.9524 euros)(Reuters - Reporting by Anne Kauranen; Editing by Jacqueline Wong)

Finland's Wärtsilä, a leading ship engine maker, has suspended business with Russia including equipment training while German counterpart MAN Energy Solutions is reviewing contracts, adding further trade pressure on Moscow.Russia's maritime sector is already grappling with the winding down of other services including ship certification by leading foreign providers - vital for accessing ports and securing insurance - shipping companies pulling out and Western sanctions being imposed on its leading ocean transporter Sovcomflot after Moscow's invasion of Ukraine.

After last year's launch of the Helideck Perimeter Safety Net range designed to protect offshore workers and equipment from falling, offshore safety equipment maker Dropsafe has expanded its offering. "Dropsafe now offers two different versions of the Net, ensuring that all facilities can access a tailored safety solution according to their budget, location, and facility requirements," the company said Wednesday.Mike Rice, Dropsafe Commercial Director, commented: “From harsh offshore environments to hospitals…

Five Wärtsilä 32 engines capable of operating with methanol will power a new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai CIMC Raffles shipyard in China, in what is the first such order for the Finland-based marine engine and equipment maker.Dutch marine and offshore services company Van Oord in October 2021 ordered the jack-up for offshore wind turbine installation. The vessel will be able to install next-generation wind turbines of up to 20MW.

Norway-based offshore vessel owner Simon Møkster Shipping has signed a collaboration agreement will Finland-based maritime engine and equipment maker Wärtsilä to carry out a feasibility study on utilizing ammonia as the main fuel in dual-fuel engines where LNG is the alternative fuel.The goal is to show that adapting offshore support vessels for dual ammonia – LNG operation is feasible and that it can be done safely and efficiently."We are excited to join Wärtsilä in this project.

Finland-based marine equipment maker Wärtsilä will deliver a complete cargo handling system for a new LNG bunkering vessel being built in China for Italy's Fratelli Cosulich.The Wärtsilä system selected for this 8,200 cbm capacity bunkering vessel, under construction to at the Nantong CIMC Sinopacific Offshore and Engineering shipyard in China, includes a complete engineering, design and equipment supply package for the cargo handling system, including a loading and discharge system…

Dutch marine equipment maker Huisman, known for its offshore crane solutions, said Wednesday it had doubled the slew bearing production capacity of its facility in Schiedam, the Netherlands. "With this significant increase in production capacity, Huisman is able to meet the growing demand for large diameter slew bearings, an integral part and key component of its Heavy Lift Cranes," Huisman said. As for the expansion, the company said that it was responding to the "considerable"…

Finland-based maritime and offshore engine and equipment maker Wärtsilä has won orders to equip Norwegian firm OHT’s next-generation wind offshore turbine installation vessel being built in China.Wärtsilä will supply an integrated propulsion and dynamic positioning thruster solution, including the engines, a Wärtsilä NOx reducer emission abatement system, as well as steerable and tunnel thrusters to deliver optimum performance for vessel dynamic positioning in this new wind turbine installation vessel (WTIV).

Ballast water equipment maker Erma First expands its portfolio and brings "the world’s smallest" ballast water treatment system to the international market through its acquisition of US firm oneTANK LLC.oneTANK, a subsidiary of Glosten, developed a small scale innovative, low-cost, IMO Revised G8 Code and United States Coast Guard compliant system. Based on a patented mixing technology developed by the U.S. Geological Survey, the system can be installed in larger vessels’ aftpeak tanks. It is also suitable for use aboard workboats, tugboats, semi-submersibles, fishing vessels and superyachts.

Finland's marine engine and equipment maker Wärtsilä said Friday it would deliver the steerable and tunnel thrusters for two new wind farm turbine installation vessels being built for the China Three Gorges Corporation (CTGC), a China state-owned power company. The ships will serve China’s expanding offshore wind power sector. The orders were placed by CSSC Huangpu Wenchong Shipbuilding Co, the yard building a 2000-ton wind turbine installation vessel (WTIV), and by China Merchants Heavy Industry (Jiangsu) Co, the yard building a 3000-ton heavy lift vessel.

Finland-based marine and energy equipment maker Wärtsilä expects the third quarter of the year to be better than the corresponding one of 2020 but has warned that prevailing market conditions make the outlook uncertain.The company made the statement Tuesday as part of the release of its second-quarter results.In the second quarter of 2021, Wärtsilä's order intake grew by 14% to EUR 1,15 billion up from 1,01 billion a year ago. Service order intake increased by 24% to EUR 604 million…

Håkan Agnevall will take over the position of CEO of the Finnish marine equipment maker Wärtsilä on February 1, 2021.Back in September 2020, Wärtsilä first announced that Agnevall, president of Volvo's bus division, would become its new CEO, no later than April 2021.The company said Tuesday that he'd assume his position of President & CEO of Wärtsilä on February 1, 2021.He will succeed Jakko Eskola, who will continue as a senior advisor to the Board and executive team until he retires on June 30, 2021, after 22 years with the company.Wärtsilä Names Håkan Agnevall as President and CEO

U.S. Defense Secretary Mark Esper expressed concerns about Beijing’s “destabilizing” activity near Taiwan and the South China Sea in a call with Chinese Defense Minister Wei Fenghe, the Pentagon said on Thursday, the first time the two are believed to have spoken since March.The call came as U.S.-China ties have rapidly deteriorated this year over a range of issues, including Beijing’s handling of the coronavirus, telecommunications equipment maker Huawei, China’s territorial…

The Dutch government said on Thursday it is providing ailing shipbuilder Royal IHC with a lifeline of up to almost 400 million euros ($435 million), enabling the company's takeover by a consortium of marine companies and investors from Benelux countries.IHC had been looking for fresh capital since the summer of 2019 as it grappled with mounting debt and heavy losses on tailor-made ships.The company is to be taken over by Luxembourg-based investor HAL Trust and Belgian peer Ackermans & Van Haaren, together with Dutch dredgers Van Oord and equipment maker Huisman.Together these companies will pr

Remote vessel and equipment surveys have been available in the maritime world for years, but classification societies are seeing increased demand for these services as more firms turn to digital solutions to continue business during the coronavirus outbreak.Using real-time video communication tools, and even drones and robotics when applicable, surveyors are able to work with stakeholders to perform inspections without having to be on site, which is especially beneficial amid current COVID-19 travel restrictions.ABS…

Caterpillar Inc reported a 13.5% fall in quarterly profit on Wednesday, hit by weak demand in its construction and resources units, and the company cut its 2019 profit forecast.Profit attributable to common stockholders fell to $1.49 billion, or $2.66 per share, in the third-quarter ended Sept. 30, from $1.73 billion, or $2.88 per share, a year earlier.Total sales and revenue fell 5.6% to $12.76 billion.The world's biggest construction and mining equipment maker cut its 2019 earnings expectation to $10.90 to $11.40 per share, compared with its previous estimate of $12.06-$13.06.Reporting by Rachit Vats

U.S. LNG equipment maker Chart Industries has received full notice to proceed (FNTP) regarding its production of cold boxes and brazed aluminium heat exchangers for Venture Global’s 10 million tpy Calcasieu Pass LNG export terminal project.The U.S. Federal Energy Regulatory Commission (FERC) approved Venture Global LNG request to proceed with full site preparation at its proposed 10 million tonnes per annum (MTPA) export terminal in Louisiana earlier this week.Venture Global recently announced its final investment decision (FID) and the closing of project financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana.The proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass.

Systems integrator and equipment maker Rolls-Royce has quietly been adding hybridizing energy-storage packages to a diverse list of vessels. Yet, so, too, has one of its clients — Louisiana-based SEACOR Marine, as it reacts early to tightened emissions and energy-management standards, or EMS, for vessels plying Europe and North America. Fuel savings and energy-company clients seeking green credentials are, it turns out, just part of the upside driving battery retrofits.The fuel savings to be had for keeping thrusters on battery power are a powerful selling point, to be sure.

Shipyard Zamakona Pasaia completed last week the repair and maintenance of health dry rescue ship and maritime assistance "JUAN THING" the Social Marine Institute. The ship 75 meters long by 14 meters wide, has required the implementation of various repairs and general maintenance related to the compulsory performances Captaincy and Classification Society as well as reviews of critical equipment of the ship such as Propellers azimuthal Line Axis, or Stabilizing fins. Notably, there has been a complete dismantling of the propellers under the supervision of technical equipment maker Wartsila . They have also replaced the elastic blocks of the main and proceeded to realign the entire shaft line engines.

General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc, creating the world's second-largest oilfield services provider as competition heats up to supply more-efficient products and services to the energy industry after several years of low crude prices. The deal to create a company with $32 billion in annual revenue will combine GE's strengths in making equipment long-prized by oil producers with Baker Hughes's expertise in drilling and fracking new wells. Shares of Baker Hughes were down nearly 7 percent, a drop that executives said likely was due to the deal's complicated structure. GE is already the world's largest oilfield equipment maker, supplying blowout preventers, pumps and compressors used in exploration and production.