possibility to choose the equipment provider for their vessel, although the products and services of Wärtsilä are promoted. If the owner considers somebody else’s product to be better for a particular application, Wärtsilä will allow this. “Tat is different to Rolls Royce’s strategy. Tey have a ship design company also within their portfolio, but request the customer to only have Rolls Royce products,” Mr Eskola said. Wärtsilä provides products and services
for five segments; merchant vessels, offshore vessels, cruiseships and ferries, navy ships, and special vessels - the last including tugs and dredgers. Tese are markets that, according to Mr Eskola, will continue to perform despite the prevailing financial crisis. Some. 49% of the current Ship Power orderbook is within the merchant vessel sector, with 36% contributed by offshore, 7% by the cruise and ferry sector, 7% by special vessels, and 2% by navy ships. Bulk carriers represent just 8% of the total orderbook.
Different strokes On the two-stroke side, Wärtsilä enhanced its operations in China in 2008 by signing a
The current orderbook at Wärtsilä is at a record level, but contracting slowed markedly in 2008, and the threat of cancellations looms. Of the total orderbook of x7.6billion extending until 2010 and 2011, x3.8billion is allocated to 2009.
production contract with one more licensee, and is building a joint venture two-stroke engine factory in Qingdao Qiyao with China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI). Te new factory will be ready for production in the second quarter of 2009. Here the strategy has changed, as Wärtsilä has decided to be a producer of two-stroke engines itself, and not only to handle production through licensees. Wärtsilä’s share in the business is 27%.
The latest development on the
four-stroke side has been on the DF50 dual-fuel engine, where the Finnish company established a 50/50 joint-venture with Hyundai Heavy Industries, of South Korea in 2007. A new Korean factory started delivering engines for the LNG sector two months ago, but it should be noted that this plant is also geared up to produce for the land-based power plant sector. NA
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The Naval Architect February 2009
65
TIBE Ålesund 08036
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