Wärtsilä's order intake and bottom line declines in first quarter
The order intake took a plunge in the first quarter for Finnish manufacturer Wärtsilä, whose bottom line was close to halved. The supplier and its market are currently marked by considerable uncertainty due to the corona crisis.
The order intake decreased by 12 percent in the first quarter for Finnish Wärtsilä, whose bottom line was nearly halved compared to the same period in 2019, according to the first quarter interim report published by the manufacturer on Tuesday.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.