Wärtsilä Sells Pumps Business to Solix Group
Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö, Sweden.According to a press release from the marine technology giant, Wärtsilä Pumps has belonged to the Wärtsilä Marine Solutions organisation and became part of the company along with the acquisition of Hamworthy in 2012. The Wärtsilä Pumps business recorded sales of approximately 50 MEUR in 2017.The divestment will enable Wärtsilä to devote greater focus to its Smart Marine vision.
Partnerships, Prodding Propel the Ballast Water Treatment Game
As the regulators inch towards the finish line, stakeholders and industry players are not sitting on their hands. For the OEM sector, partnerships and strategic alliances are emerging in advance of global mandates to install the equipment. The International Maritime Organization (IMO), in response to proposals by INTERTANKO and other industry advocates, has agreed to commence a review of the ballast water management system (BWMS) type approval guidelines. At the same time, IMO…
Wärtsilä to Supply FSU, Shuttle Tanker, Inert Gas Systems
Wärtsilä is to supply inert gas systems for a Floating Storage Unit (FSU) on Norway's Heidrun offshore oil & gas field, and for two supporting shuttle tankers. The FSU is owned by Statoil, the Norwegian state owned energy company, and the tankers by AET Tanker Holdings, the Singapore based petroleum transportation company. All three vessels are being built by Samsung Heavy Industries (SHI) in South Korea. The Wärtsilä contract with SHI was signed in February 2013. Delivery of the Wärtsilä equipment is scheduled for October, 2013.
Wärtsilä 2012 Profits Stay Healthy
Björn Rosengren President & CEO of Wärtsilä delivers his year 2012 financial results message to shareholders. "During 2012, we closed our largest ever acquisition with the purchase of Hamworthy. This acquisition supports our growth strategy in the marine gas, offshore and environmental solutions markets, and Hamworthy has performed well while being integrated to our Ship Power business. In 2012, the Power Plants business received two of its largest orders ever; a 384 MW power plant to be built in Azerbaijan followed by a 573 MW order from Jordan.
Wärtsilä Back to Growth, Stable Profitability in 2012
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. “I am pleased with our result for the year 2012, which was a year marked by difficult conditions in the global economy. Supported by a very strong fourth quarter, Wärtsilä's full year net sales grew by 12% with profitability at 10.9%. The order intake grew by 9%, with strong development in Ship Power orders, especially in the offshore markets. During 2012, we closed our largest ever acquisition with the purchase of Hamworthy.
Wärtsilä AQUARIUS®UV BWMS Type Approved
Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses Wärtsilä’s BWMS market entry and provides ship owners with greater cost effective BWMS technology choice and installation flexibility through its modular design and approach. Wärtsilä AQUARIUS® UV BWMS is the first system to have been fully endorsed and type approved by the Flag Administration of the Netherlands and is…
Wärtsilä Interim Financial Report
Wärtsilä Corporation report January to September 2012 indicates growth in orders & net sales despite tough markets. Highlights of the review period Jan – Sept 2012. “Despite the continuing uncertainty in the global economy and the tough market conditions, both our order intake and net sales developed well. In the third quarter they were up by 14% and 28% respectively. Ship Power’s year-on-year performance is strong, and has been supported by both an active offshore sector and the Hamworthy acquisition.
Wärtsilä Hamworthy wins Hyundai Mipo Contract
Wärtsilä Hamworthy has won a contract with Hyundai Mipo Dockyard to supply cargo handling equipment and engineering to four medium size carriers for Antwerp-headquartered Exmar Shipping SA. Each of the 38,000 m³ capacity vessels will be delivered from the first quarter of 2014 onwards. All will feature Hyundai Mipo’s newly developed design which has seen capacity increased by 3,000 m³ to strengthen competitiveness in the international marketplace. The new design includes an improved hull shape to minimise resistance in water and optimise fuel consumption.
Gas Tankship Equipment Contract for Wärtsilä Hamworthy
Wärtsilä Hamworthy contracted by Hyundai Mipo Dockyard for cargo handling equipment & engineering for four Exmar Shipping SA gas carriers. Wärtsilä Hamworthy’s scope of supply will include cargo related engineering including deck tank engineering, reliquefaction plant, Wärtsilä Moss inert gas generator, Wärtsilä Svanehøj cargo pumps, cargo heater and vaporiser, cargo control system, supervision and commissioning. All equipment and engineering services will be delivered in 2013. Each of the 38,000 m³ capacity vessels will be delivered from the first quarter of 2014 onwards.
Wärtsilä to Acquire Hamworthy plc
Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms of the acquisition Hamworthy shareholders will receive 825 pence in cash for each Hamworthy share valuing Hamworthy's entire issued and to be issued share capital at approximately GBP 383 million. This represents an EV / LTM EBITDA multiple of 14.3x as per 30 September 2011. The acquisition is conditional on the approval by the shareholders of Hamworthy.
Hamworthy Launches Hamworthy Academy Training Service
Marine and offshore fluid handling specialist Hamworthy has launched a new learning initiative aimed at offering tailor-made training packages for its end users. The service, Hamworthy Academy, includes a range of courses which are designed to provide training for the company’s equipment and comprise e-based learning packages backed up by a significant investment in hands-on facilities. Hands-on training is currently available from Hamworthy’s Norway-based facilities in Moss, which includes performance testing of its largest inert gas systems.
Two RAstar 3800 Tugs from Robert Allan
The Rawasi and Morooj, a pair of RAstar 3800 Class high performance terminal/escort tugs, have just entered service with their Owner, Bakri Navigation Co. Ltd. of Jeddah, Saudi Arabia. Both tugs were built by NGV Tech Sdn. Bhd. in Malaysia. The Rawasi was delivered to the Gulf region in late October 2009, and the Morooj in January 2010. The RAstar family of tug designs represents a truly unique and significant development in offshore tug design. The hull form incorporates a significant outward flare (or sponson) on the upper hull sides.
Hamworthy Acquires Krystallon
Hamworthy has completed the acquisition of Krystallon Limited. Fluid handling systems supplier Hamworthy has acquired the company that pioneered gas scrubber development as a commercially viable alternative to costly low sulphur content distillates, to comply with new International Maritime Organization (IMO) MARPOL Annex VI regulations on emissions. Last year IMO agreed the concept of Emission Control Areas, ruling that the maximum sulphur content in fuels used in such zones must be cut to 1.5%, then to 1% by 2012, and to 0.1% in 2015.