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People & Company News

Wartsila Projects 2016 Profit Growth

Finnish industrial engine maker Wartsila reported higher quarterly earnings on Wednesday and forecast improved margins this year, hoping growth in services would offset sluggish demand for ship technology. The company…

People & Company News

ABB to Power Futuristic Hybrid Ferry

ABB will provide the technology integral to one of the most innovative ship designs ever seen on the Norwegian fjords. The ferry will couple its striking appearance with ABB’s cutting edge maritime hybrid solution. The…

People & Company News

Gothia Orders Four LNG-Powered Tankers

Swedish cargo transporter Gothia Tanker Alliance has ordered four newbuilding intermediate product/chemical tankers with LNG propulsion. The vessels will be built to a design, developed by FKAB and Furetank, with close…