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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Wärtsilä Oyj    WRT1V   FI0009003727

WÄRTSILÄ OYJ

(WRT1V)
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Wärtsilä Oyj : Wärtsilä 14 EU Stage V compliant engines selected for Swiss Inland ferries

11/19/2020 | 03:05am EST

The technology group Wärtsilä has been selected to supply the engines and related emissions control after-treatment systems for two new passenger ferries being built for operation between Switzerland and France across Lake Geneva. The ferries are being built at the Shiptec AG yard in Switzerland for General Navigation Company (CGN), a Swiss ferry operator based in Lausanne. The order with Wärtsilä was placed in September 2020.

The high-speed Wärtsilä 14engines chosen for this project are compliant with the stringent EU Stage V emissions standard for inland waterway vessels, which came into force in the EU earlier this year. The 60 metres long, 700 passenger capacity vessels will feature advanced hybrid energy and propulsion systems, for which the Wärtsilä 14 is a perfect match. High efficiency and environmental compliance were key factors in the selection of this engine.

'Environmental sustainability was strongly emphasised in the specifications for this newbuild project. We are, therefore, extremely pleased and proud that the Wärtsilä 14 engine was selected to provide the power and reliability needed, while complying with the EU Stage V emissions standard,' says Johan Penninga, Account Manager, Wärtsilä Marine Power.

'Minimising the emissions from their operations is of great importance to CGN, and these new vessels are designed to operate cleanly and efficiently. The Wärtsilä engine was chosen with these criteria very much in mind,' says Martin Einsiedler, Head of naval architecture and engineering at Shiptec.

The Wärtsilä equipment is scheduled for delivery beginning in summer 2021, and the first vessel is expected to commence commercial operations in December 2022. The second ferry will be delivered approximately one year later.

The Wärtsilä 14 is the most compact engine in its power range in the marine market, serving both propulsion and auxiliary genset applications. The engine is an integral element within Wärtsilä's Smart Marine vision for the future of shipping, whereby optimal efficiency, safety, and environmental sustainability will be the key pillars in achieving and maintaining profitable operations for ship owners and operators around the world.

The Wärtsilä 14 high-speed engine is available in 12- and 16-cylinder configurations, having a power output between 749 and 1340 kWm in mechanical propulsion, and between 675 and 1155 kWe in auxiliary generating set and diesel-electric propulsion applications.

Media contact for more information on this release:

Wärtsilä Marine Power
Ms Marit Holmlund-Sund
General Manager, Marketing Communications
Mobile +358 (0)40 538 3519

marit.holmlund-sund@wartsila.com

Image caption: The new CGN passenger ferries will operate cleanly and efficiently powered by Wärtsilä 14 engines. © Omega Architects B.V.
Image caption 2: The high-speed Wärtsilä 14 engine complies with the stringent EU Stage V emissions standard for inland waterway vessels. © Wärtsilä Corporation

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releasesand at http://news.cision.com/wartsila-corporationwhere also the images can be downloaded.

Wärtsilä Marine Power in brief
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems deliver the reliability, safety, and environmental performance that Wärtsilä's Smart Marine vision encompasses. We offer our customers performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise.
www.wartsila.com/marine
Wärtsilä in brief:
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä's net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

Disclaimer

Wärtsilä Oyj published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 08:04:02 UTC


© Publicnow 2020
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Sales 2020 4 635 M 5 628 M 5 628 M
Net income 2020 163 M 197 M 197 M
Net Debt 2020 680 M 825 M 825 M
P/E ratio 2020 33,3x
Yield 2020 3,22%
Capitalization 5 329 M 6 459 M 6 471 M
EV / Sales 2020 1,30x
EV / Sales 2021 1,30x
Nbr of Employees 18 183
Free-Float 74,8%
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Last Close Price 9,01 €
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Jaakko-Veikko Eskola President & Chief Executive Officer
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