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"This is bad and self-destructive for the industry"

The European engineering industry has been hit with two major fraud cases by two high-profile members - MAN Diesel & Turbo and now Wärtsilä - in just a few years. "This is something the industry will remember. In ten years as well," Kjeld Dittmann, Chairman of Sea Europe, tells ShippingWatch.

If there is a part of the maritime industry in which European companies rank at the very top from a global point of view, it is in the manufacturing of marine engines.

Danish-German MAN Diesel & Turbo and Finnish Wärtsilä are beyond comparison the leading and most respected names among carriers which sail with the companies' engines as well as the shipyards which use these engines in newbuildings and often operate with production licenses. At least, this was the case until recently when buzz words such as "innovative" and "green solutions" were wiped from public perception and replaced by words such as fraud and manipulation.

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