ShippingWatch

Wärtsilä: Green shipping has slowed down

Few new orders and corresponding low sales of green technologies pose challenges to Wärtsilä's marine solution business, president Roger Holm tells ShippingWatch. The sales of several products have slowed down.

The number of orders for new vessels has decreased drastically in recent years, and this of course has a direct impact on Wärtsilä's business as equipment supplier for the shipping industry.

"The major challenge for us concerns contracts for new vessels in general. Looking at the number of ordered newbuildings by the end of the second quarter this year, it came to 200 vessels, while for 2013 as a whole this number was 1,300 vessels. The year before, 2014, brought even more newbuildings," says Roger Holm in an interview with ShippingWatch, adding:

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