Key Developments: Wartsila Oyj Abp (WRT1V.HE)

WRT1V.HE on Helsinki Stock Exchange

36.76EUR
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Wartsila : world's first high speed lng fuelled ropax ferry to be powered by Wärtsilä
Monday, 22 Dec 2014 03:30am EST 

Wartsila Oyj Abp:Says new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.Says vessel is being built at the Guangzhou Shipyard International (GSI) yard in China and when delivered, will sail between the Swedish mainland and the island of Gotland.Says delivery of Wärtsilä equipment will begin at end of 2015 and ship is scheduled to be in operation in 2017.  Full Article

Wartsila supplies 11 industrial power plants for EUROCEMENT Group
Monday, 22 Dec 2014 02:30am EST 

Wartsila Oyj Abp:Has been contracted to supply power plants for 11 cement factories of EUROCEMENT Group in Russia.Says all projects are scheduled to be fast-track-delivered during 2015.  Full Article

Wartsila Oyj Abp to start LNG terminal project
Friday, 19 Dec 2014 03:01am EST 

Wartsila Oyj Abp:Says receives full notice to proceed for its first LNG terminal.Says the order, valued at about 100 million euros, will be included in Wartsila's order intake in December 2014.Wartsila initially announced this project in January 2014.  Full Article

Wartsila Oyj Abp wins ballast water management systems order
Monday, 15 Dec 2014 04:00am EST 

Wartsila Oyj Abp:Wins ballast water management systems order.Says deliveries from wärtsilä will commence at the end of 2014 and will be completed by mid 2016.  Full Article

Wartsila Oyj Abp wins power plant deal from Oman
Monday, 8 Dec 2014 07:20am EST 

Wartsila Oyj Abp:Supplies a 120 MW Smart Power Generation power plant for island mode operations to Oman.The customer is Musandam Power Company (MPC) a majority-owned subsidiary of Oman Oil Company.The plant, delivered on a turn-key basis, is scheduled to be fully operational in late 2016.The contract includes a long-term service and maintenance agreement of 15 years.  Full Article

Wartsila wins order in Dubai, UAE
Tuesday, 18 Nov 2014 03:00am EST 

Wartsila Oyj Abp:Drydocks World (DDW) based in Dubai, UAE, has contracted Wartsila to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG).The order was signed in November.Wartsila will supply the ship design, two 9-cylinder Wartsila 20DF dual-fuel engines, Wartsila Steerable Thrusters (WST), type WST-18 Compact thrusters, the automation equipment, and the Wartsila LNGPac system.  Full Article

Wartsila Oyj Abp wins order from South Korea
Monday, 10 Nov 2014 03:00am EST 

Wartsila Oyj Abp:Wartsila dual-fuel engines chosen to power Arc 7 design icebreaking LNG carriers.Says the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wartsila dual fuel engines.  Full Article

Wartsila renews long-term agreement with Cemex Colombia - Reuters
Thursday, 6 Nov 2014 06:30am EST 

Wartsila Oyj Abp:Renews long-term operation and maintenance agreement with Cemex Colombia - Reuters.  Full Article

Wartsila Oyj Abp wins orders for fuel efficient propulsion equipment
Thursday, 30 Oct 2014 04:00am EDT 

Wartsila Oyj Abp:Says Wartsila fuel efficient propulsion equipment chosen for two new fishing vessels.Says equipment for the first vessel will be delivered at the end of 2015, and for the second vessel in summer 2016.  Full Article

Wartsila Oyj Abp slightly raises FY 2014 financial guidance
Thursday, 23 Oct 2014 01:30am EDT 

Wartsila Oyj Abp:Expects operating profit margin for FY 2014 to be in the range of 11.5 to 12.0 percent.Expects sales growth in FY 2014 of around 5 percent.Says previous outlook for FY 2014 operating profit margin was of around 11.5 percent.Says previous outlook for FY 2014 sales growth was of around 5 percent.  Full Article

Wartsila buys L-3 Marine Systems for $356 mln

HELSINKI, Dec 16 - Finnish ship engine and power plant maker Wartsila on Tuesday said it has agreed to buy L-3 Marine Systems from L-3 Holding for an enterprise value of 285 million euros ($356 million).

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