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Scrubbers boost Wärtsilä’s marine solutions orderbook

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Demand for scrubbers helped boost Wärtsilä’s marine business order intake in the third quarter.

The Finnish technology company said its marine solutions business in the third quarter of 2018 was EUR525m up 55% on EUR339m in the same period a year earlier.

“Among the orders received were a considerable number of exhaust gas cleaning system orders for newbuilds,” the company said. The last six months has seen a surge in orders for scrubbers globally as shipowners increasingly seem exhaust gas cleaning units as a cost-effective way to comply with the IMO's 2020 0.5% sulphur cap, with total numbers now topping 1,850 according to DNV GL.

Scrubber numbers surge to 1,850 - 'decision to invest should be made yesterday'

“Ordering activity was particularly strong in the cruise and ferry segment, which represented 30% of the third quarter order intake. The conventional merchant segment’s share was 22%, while the gas carrier segment accounted for 10%.” 

 For its joint venture engine companies - Wärtsilä Hyundai Engine Company joint venture company in South Korea, and in the Wärtsilä Qiyao Diesel Company, CSSC Wärtsilä Engine Company, and CSSC Wärtsilä Electrical & Automation Company, joint venture companies in China orders in the first nine months of the year totalled EUR141m.

Over all the marine solutions orderbook stood at EUR2.45bn at the end of the third quarter up 21% year-on-year.

The company said the outlook for its marine solutions business for the rest of the year was good. “Wärtsilä’s demand outlook is supported by its extensive product mix and broad segment exposure, which compensates for the slow pace of recovery in overall vessel contracting.”

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