Wärtsilä's maritime orderbook shrinks due to overcapacity
Order intake for Wärtsilä's maritime business declined 15 percent in the first quarter, and the Finnish company points to continued overcapacity in the market. But there could be improvements in store by the end of this year, notes the company.
by SØREN PICO
Even though Wärtsilä noted an overall rising order intake in the first quarter of the year, the company's maritime business suffered a setback, and business conditions here are expected to be "soft" in 2017, informs the Finnish supplier in its first quarter interim report.
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