Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Wartsila Oyj Abp    WRT1V   FI0009003727

Delayed Quote. Delayed  - 10/21 05:29:43 pm
40.73 EUR   --.--%
10/21 WARTSILA OYJ : taking stand on climate change
10/21 WARTSILA OYJ : Updated Supplier Handbook shows Wartsila's commitment..
10/20 WARTSILA OYJ : Updated Supplier Handbook shows Wärtsilä’s comm..
News SummaryMost relevantAll newsSector news 

Wartsila Corporation : Wärtsilä gets propulsion order for the first LNG powered ferry in North America

share with twitter share with LinkedIn share with facebook
share via e-mail
12/03/2012 | 12:51pm CEST
Wärtsilä gets propulsion order for the first LNG powered ferry in North America

Wärtsilä Corporation, Press release, 3 December 2012 at 12 noon EET

Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract to supply the gas powered propulsion machinery and corresponding gas storage and handling systems for a new passenger ferry. The vessel has been ordered by Canadian operator Société des traversiers du Québec (STQ), and will be the first North American ferry to be powered by liquefied natural gas (LNG). The ship is being built by Fincantieri Cantieri Navali Italiani in Italy and will be used on routes crossing the St. Lawrence River. The Wärtsilä contract was signed in October, 2012. The Wärtsilä equipment is due to be delivered in the autumn 2013, and the vessel is scheduled for delivery by the end of 2014.

The ferry is being built to comply with the stringent emission regulations applicable to its area of operation. With the Wärtsilä 34 dual-fuel generating sets, which will provide the main power generation, the stringent regulations will clearly be met. By operating on LNG, nitrogen oxide (NOx) emissions are at least 85% below those specified in the current International Maritime Organisation (IMO) regulations, and the CO2 emissions are some 25% less than those of a conventional marine engine running on diesel fuel. The sulphur oxide (SOx) and particle emissions are negligible at almost zero percent. This level of environmental sustainability even exceeds the emission reductions mandated by the strict local regulations. The IMO has designated some U.S. and Canadian waters as an Emissions Control Area (ECA). This is in line with the International Convention for the Prevention of Pollution from Ships (MARPOL). The North American ECA became enforceable in August 2012.

Long experience in gas technology

In addition to the four main power generating sets, Wärtsilä will also supply its innovative LNGPac system. Designed and developed by Wärtsilä, the LNGPac comprises onboard LNG bunkering, storage tanks and handling equipment, as well as the related safety control and automation systems. The entire Wärtsilä propulsion solution is designed with a focus on safety and simplicity. All engines can be seamlessly switched to marine diesel oil (MDO) operation, should gas not be available, thus full redundancy can be achieved. This ensures that the safety factor is at the highest possible level.

"Wärtsilä is the established global leader in dual-fuel and gas engine technologies. All in all, Wärtsilä has now sold more than 2000 of its gas fuelled engines, which together have accumulated more than 7 million operational running hours in both land-based and marine applications. We are extremely proud to be contributing in a meaningful way towards more sustainable shipping," says Aaron Bresnahan, Vice President, Wärtsilä Ship Power, Sales.

"I am very happy with the outcome of the very demanding design and construction process for this new ship due to start service in Matane, Baie-Comeau and Godbout in 2015. At 130 meters long and with a capacity for 800 passengers and 180 cars, the new ferry will be much larger and better equipped than the "Camille-Marcoux" that it will replace. Its larger hold capacity will be suitable for all types of vehicles. The crossing will be a more pleasant experience for passengers," comments Georges Farrah, CEO of STQ.

Read more:
Wärtsilä 34DF
Wärtsilä LNGPac
Wärtsilä's leadership in gas engine technology enhanced - more than 2000 engines sold and 7 million running hours accumulated (Press release 12 November 2012)

For further information please contact:

Mr Johan Hansten
Area Director, Sales
Wärtsilä Ship Power
Tel. +358 40 552 5227

Ms Mirja-Maija Santala
Media Manager
Wärtsilä Corporation
Tel. +358 400 793 827

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2011, Wärtsilä's net sales totalled EUR 4.2 billion with approximately 18,000 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WARTSILA OYJ ABP
10/21 WARTSILA OYJ : taking stand on climate change
10/21 WARTSILA OYJ : Updated Supplier Handbook shows Wartsila's commitment to world cl..
10/20 WARTSILA OYJ : Updated Supplier Handbook shows Wärtsilä’s commitment to wo..
10/19 WARTSILA OYJ : to Supply 28 MW Power Plant to Brazil
10/19 WARTSILA OYJ : to supply 28 MW power plant to Brazil
10/19 WARTSILA OYJ : Ministers, Officials & Major Companies to Participate at 4th Myan..
10/18 WARTSILA OYJ : Wärtsilä to supply 28 MW power plant to Brazil
10/17 WARTSILA OYJ : to Power Mediterranean's 1st LNG Fuelled Passenger Ferry
10/17 WARTSILA OYJ : to power Mediterranean's first LNG fuelled passenger ferry
10/14 WARTSILA OYJ : Wärtsilä to power Mediterranean’s first LNG fuelled passeng..
More news
Sector news : Industrial Conglomerates
10/21 GENERAL ELECTRIC : GE's CEO says oil, gas drag to continue, forex headwinds to e..
10/21 GENERAL ELECTRIC : GE cuts year revenue target on oil, gas weakness, has third q..
10/21 GE CFO sees alternatives to SLM 3D printing purchase
10/21DJGE Cuts Full-Year Sales Forecast
10/21DJGENERAL ELECTRIC : GE Cuts Full-Year Sales Forecast--3rd Update
More sector news : Industrial Conglomerates
News from SeekingAlpha
07/20 Wartsila's (WRTBF) CEO Jaakko Eskola on Q2 2016 Results - Earnings Call Trans..
07/20 Wartsila Corp. 2016 Q2 - Results - Earnings Call Slides
07/20 Wartsila reports Q2 results
01/27 Wartsila's (WRTBF) CEO Jaakko Eskola on Q4 2015 Results - Earnings Call Trans..
01/26 Wärtsilä Down On Power... For Now
Financials (€)
Sales 2016 4 854 M
EBIT 2016 575 M
Net income 2016 378 M
Debt 2016 217 M
Yield 2016 3,03%
P/E ratio 2016 20,85
P/E ratio 2017 17,45
EV / Sales 2016 1,70x
EV / Sales 2017 1,62x
Capitalization 8 034 M
More Financials
Duration : Period :
Wartsila Oyj Abp Technical Analysis Chart | WRT1V | FI0009003727 | 4-Traders
Full-screen chart
Technical analysis trends WARTSILA OYJ ABP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 22
Average target price 41,5 €
Spread / Average Target 1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Jaakko-Veikko Eskola President & Chief Executive Officer
Percy Henrik Mikael Lilius Chairman
Marco Wirén Chief Financial Officer & Executive Vice President
Jukka Kumpulainen Chief Information Officer & Vice President
Outi Maarit Aarni-Sirviö Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
3M CO12.52%102 446
SIEMENS AG18.44%98 479
E I DU PONT DE NEMOURS..4.65%60 940
More Results