Independent journal on economy and transport policy
12:07 GMT+2
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The withdrawal from the Russian market weighs on Wärtsilä's accounts
In the first quarter robust growth in new orders
April 28, 2022
In the first quarter of this year the value of new orders acquired by Wärtsilä amounted to 1.38 billion of euro (+10.9%) and the value of the order book at 31 March last was equal to 6.11 billion euros (+13.1%).
Commenting on the performance of the group's activities in the naval sector, the president and ceo of the Wärtsilä, Håkan Agnevall, noted that 'in the Maritime markets investments in new construction are decreased due to rising prices and limited capacity of shipyards. Naval fuel - he added - is become more expensive than ever and activity levels in our primary naval segments they continued to vary. The cruise industry - said Agnevall - had to facing temporary difficulties given that the increase in infections from Covid-19 has slowed down the reactivation of ships. At the end of March about 70% of the fleet's capacity was active cruises, a stable percentage compared to the situation of end of December. Instead the activity in the oil segment and of offshore gas has recorded a significant increase since rising crude oil prices supported demand. The Europe needs to be less dependent on gas Russian - noted Agnevall - could create opportunities in the maritime transport of liquefied natural gas'.
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In the first quarter of this year the value of new orders acquired by Wärtsilä amounted to 1.38 billion of euro (+10.9%) and the value of the order book at 31 March last was equal to 6.11 billion euros (+13.1%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
