382 stories, page 11 of 16
Wärtsilä Corporation has sold all of its 1.987.940 shares in housing investment company Sato Oyj. Wärtsilä will record a capital gain of approximately EUR 25 million on this sale. The tax on the capital gain is…
Vietnam's Ministry of Transport (MOT) propose law be amended to enable scrapping of some 22 Vietnam owned ships flying flags of convenience. According to VietnamNet Bridge a recently released MOT report showed that there…
Secretary of the Navy Ray Mabus announces the Navy will go ahead with spending reductions to meet fiscal constraints imposed by sequestration. In ALNAV 014/13, Mabus outlined a variety of reductions in operations…
Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini. Highlights: · Profit for the year in excess of euro 15 million (euro 9 million in 2011); · EBITDA at euro…
ABB to fund 40 research projects at universities worldwide that will shape the future of power and automation. The ABB Research Grant program is intended to support promising graduate students and senior researchers who…
Specialist for propulsion and power solutions, Tognum AG, has achieved its revenue and profit targets for the full year 2012. Revenues increased slightly last year by 1.4% as expected to €3.015 billion (2011: €2.97…
Wärtsilä and Nordic Investment Bank sign a EUR 50-million loan agreement to support Wärtsilä's R&D activities. The contract for this 10-year loan was signed in Helsinki, Finland on 13 February 2013. This R&D loan…
Björn Rosengren President & CEO of Wärtsilä delivers his year 2012 financial results message to shareholders. Extracts from the message follow: "During 2012, we closed our largest ever acquisition with the purchase of…
Samsung Heavy Industries (HII) Q4 3012 net profit fell 59% due to costs related to an oil-leakage accident in 2007. Net profit for the three months ended December 31 fell to KRW73 billion from KRW176.5 billion a year…
Daewoo Shipbuilding & Marine Engineering (DSME) net profit fell 82% in 2012. The loss is primarily attributed to the decision DSME made in 2009 to book orders for ships at lower rates to stay afloat in the aftermath of…
China's shipyards launched 60-million dwt in 2012 representing a drop of 21% from the previous year. According to Ministry of Industry and Information Technology government statistics reported by CNTV, new orders for…
The European Union will support with almost €2 million from the TEN-T Program a study looking at the potential beneficial effects of using alternative fuels for port operations. The study, which will include pilots in…
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. HIgllights of the review period -Order intake increased 9% to EUR 4,940 million (4,516) -Net sales increased 12% to EUR…
Fincantieri subsidiary Fincantieri Oil & Gas S.p.A., completes acquisition , intend to buy more shares. This acquisition marks Fincantieri's entry into a market segment complementary to its current ones. With 21…
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are…
EPA Invests $2.7 Million to Reduce Air Pollution from Old Diesel Engines in New York and New Jersey. The U.S. Environmental Protection Agency has provided a total of $2.7 million to help two organizations reduce air…
Subsidiaries of Frigstad Deepwater Ltd sign construction contracts for two ultra deepwater semi-submersible drilling units from CIMC Raffles in Yantai, China. The 7th generation drilling units are of the Frigstad D90™…
