Wärtsila defends its position as supplier of ship engines

Wärtsila managed to maintain its market position as engine supplier for the shipping industry, according to the company's financial report for 2012.

Photo: Hanjin

One of the major Nordic ship engine manufacturers, Finnish Wärtsila, was able to maintain its position on the global market last year as a supplier to the ship building industry.

In its financial report for 2012, the company points out that the total number of new registered ship contracts decreased by 35 percent, to 1,090 during 2012. While the traditional merchant segment continued to struggle with overcapacity, ordering was active in offshore, special vessels and in the LNG and LPG carrier markets. With China and South Korea continuing to dominate in shipbuilding, Wärtsilä was able to pretty much maintain its market share in various engine segments.

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