Three factors are absolutely crucial to Wärtsilä's development of new products for the shipping industry, says Jaakko Eskola, Senior Executive Vice President of Wärtsilä's Ship Power Division, in an interview with ShippingWatch. Read on to learn what they are.
BY LOUISE VOGDRUP-SCHMIDT
The major Finnish supplier of, among other products, engines, scrubbers and ballast water treatment systems, Wärtsilä, operates with three factors that the company aims for when looking ahead to the future and new products.
Coffers are filled with money ready to be spent on investments, but German Schulte Group holds on to its capital for the time being. ”There is simply too much uncertainty,” says Group Chair Heinrich Schulte.
To replace Kristian Mørch, the Odfjell family has chosen a new chief executive who truly knows the chemical tanker carrier from within and aims to ensure continuity. ShippingWatch has interviewed Harald Fotland regarding his plans and priorities for the Norwegian carrier.
Prominent Belgian tanker carrier Euronav is open to changing address as part of a forthcoming merger with Frontline. ”Everything is being considered at the moment,” says CEO Hugo De Stoop in an interview with ShippingWatch.
Maersk Decom, established by Maersk Supply Service and Maersk Drilling in an attempt to benefit from a large market for decommissioning assets within the oil industry, shuts down. Chief executive left several months ago.
Neither DSV nor DHL were able to keep up with Kuehne + Nagel in operating earnings during the year’s first three months. In other important areas, however, both companies outdid their Swiss competitor.