Wartsila Reports $380 Mln in Orders for May-June

Demand for Wartsila's ship power solutions for LNG carriers and offshore applications continued to be exceptionally high during May and June, the Finnish company reported.

In the offshore market, Wartsila said that it continued to be favored as the supplier of diesel generating sets for drill ships. During May and June, it received orders from an undisclosed Korean shipyard to supply 24 Wartsila 32 diesel generating sets. These sets will power four drill ships, and the deliveries will take place from 2008 onward.

In the LNG carrier market, Wartsila continued to profit from its efforts in recent years to facilitate an industry change from traditionally applied steam turbine machinery to alternative propulsion and power generation solutions featuring dual-fuel engines. During May and June, the company received orders for 26 LNG carriers installations from three Korean shipyards, predominantly featuring Wartsila 50DF dual-fuel engines. These deliveries will take place during the 20082010 time frame.

The value of these new orders amounts to approximately EUR300 million (US$379.8 million), of which EUR130 million (US$164.6 million) has been recorded in the May order book and EUR170 million (US$215.2 million) will be recorded in June.

To date, seven shipyards have ordered Wartsila engines for a total of 49 dual-fuel-electric LNG carriers.

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