Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

WÄRTSILÄ OYJ

(WRT1V)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wärtsilä Oyj : Wärtsilä to provide technical and remote support for eight Teekay Shipping LNG Carriers

11/24/2020 | 03:03am EST

The technology group Wärtsilä has signed LNG Support Agreements for eight LNG Carrier vessels owned by Teekay Gas, a part of the global Teekay Group. The two agreements, each for four vessels, were signed in August and September of this year. The agreements took effect from one month following their signing and are valid for 5 years. Wärtsilä has earlier supplied the LNG reliquefaction systems onboard all of the vessels covered by the agreements.

Under the contract terms, Wärtsilä will provide both remote support, as well as 24/7 technical support for the vessels' onboard Gas Process Plants. In carrying out an analysis of the process plants, Wärtsilä utilises its digital OPERIM (Operational Performance Improvement & Monitoring) tool. This provides data to support performance improvements needed to achieve optimal efficiency, and allows adjustments to be made taking into account changes in the operating conditions.

'Lifecycle support to our customers' installations is a central pillar in the strategy of Wärtsilä Gas Solutions. Agreements such as these are the best way for ensuring that the products, systems and solutions that we deliver are properly maintained, and that their reliability and performance are at the optimal level,' commented Rene Christian Olsen, Director Services, Gas Solutions.

Wärtsilä has a long-standing relationship with Teekay, and has supplied multiple products for their fleet.

Wärtsilä Gas Solutions is a market leader with innovative systems and lifecycle solutions for the gas value chain. Our main focus areas are handling of gas in seaborne transport (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. We help our customers on the journey towards a sustainable future through focus on lifecycle, innovation and digitalization.

Image caption: Eight of Teekay Gas' fleet of LNG Carriers will be covered by LNG Support Agreements with Wärtsilä
Copyright: Teekay Group

Media contacts for more information on this release:

Mrs Elin Saure Hasund
Sales & Marketing Coordinator, Gas Solutions
Wärtsilä Marine Systems
Tel: +47 81548500
elin.saurehasund@wartsila.com

Mr Eirik Holm
Sr. Manager, Services Sales & Prod. Management.
Gas Solutions, Wärtsilä Marine Systems
Tel.: +47 47451003
eirik.holm@wartsila.com

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

Wärtsilä Marine Systems in brief:
Wärtsilä Marine Systems offers high-quality products, solutions, and lifecycle services related to the gas value chain, exhaust treatment applications, seals & bearings, shaftline repair services, underwater services, and marine electrical integrations. Our aim is to provide the latest and most efficient solutions in line with Wärtsilä's Smart Marine Ecosystem vision for a safer, better, and more sustainable future for our customers.
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 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 08:02:06 UTC


© Publicnow 2020
All news about WÄRTSILÄ OYJ
04:34aWÄRTSILÄ OYJ : Wärtsilä wins Global Most Innovative Knowledge Enterprise (MIKE) ..
PU
01/20WÄRTSILÄ OYJ : Wärtsilä's proven Waste Treatment Solution to support Carnival's ..
PU
01/19WÄRTSILÄ OYJ : Chinese dredging company sees real value in Wärtsilä service agre..
PU
01/19WÄRTSILÄ OYJ : Håkan Agnevall assumes the position of CEO of Wärtsilä on 1 Febru..
AQ
01/18WÄRTSILÄ OYJ : Wärtsilä's reporting schedule for financial reports 2021
PU
01/18WÄRTSILÄ OYJ : Wärtsilä's reporting schedule for financial reports 2021
AQ
01/15WÄRTSILÄ OYJ : Wärtsilä plus venture partners in Vaasa to cooperate in wind powe..
PU
01/14WÄRTSILÄ OYJ : Wärtsilä selected as a preferred supplier for AGL Energy's up to ..
PU
01/14WÄRTSILÄ OYJ : Wärtsilä's Financial Statements Bulletin 2020 to be published 28 ..
PU
01/13SHIP CONTROL REDEFINED : Wärtsilä SmartMove Suite sets sail with the American St..
PU
More news
Financials
Sales 2020 4 635 M 5 630 M 5 630 M
Net income 2020 163 M 197 M 197 M
Net Debt 2020 680 M 826 M 826 M
P/E ratio 2020 33,3x
Yield 2020 3,22%
Capitalization 5 330 M 6 448 M 6 475 M
EV / Sales 2020 1,30x
EV / Sales 2021 1,30x
Nbr of Employees 18 183
Free-Float 74,8%
Chart WÄRTSILÄ OYJ
Duration : Period :
Wärtsilä Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WÄRTSILÄ OYJ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 7,93 €
Last Close Price 9,01 €
Spread / Highest target 22,1%
Spread / Average Target -11,9%
Spread / Lowest Target -38,9%
EPS Revisions
Managers and Directors
NameTitle
Jaakko-Veikko Eskola President & Chief Executive Officer
Thomas Johnstone Chairman
Arjen Berends Chief Financial Officer & Executive VP
Jukka Kumpulainen Chief Information Officer & Vice President
Outi Maarit Aarni-Sirviö Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WÄRTSILÄ OYJ10.53%6 448
HONEYWELL INTERNATIONAL INC.-2.17%146 007
SIEMENS AG4.12%118 297
GENERAL ELECTRIC COMPANY5.46%99 775
3M COMPANY-2.61%98 187
ILLINOIS TOOL WORKS INC.0.54%64 883