Wärtsilä continued to place strong emphasis on R&D activities during 2013, the key focus areas being efficiency improvement, fuel flexibility, and the reduction of environmental impact. The R&D related expenditure totalled EUR 185 million, which represents 4.0% of net sales.
During the review period Wärtsilä was granted a 10-year loan totalling EUR 150 million from the European Investment Bank and a 10-year loan totalling EUR 50 million from the Nordic Investment Bank for research and development financing. With these loans, Wärtsilä will further develop its medium-speed engine technology in terms of efficiency, reliability and environmental performance, as well as for reducing lifecycle costs.
Wärtsilä currently has the widest portfolio of exhaust gas cleaning systems for the removal of SOx, and the most extensive reference list on the market. The portfolio consists of open-loop, closed-loop, and hybrid systems. Wärtsilä has to date a total of 88 exhaust gas cleaning systems delivered or on order, for a total of 41 vessels.
Progress with regards to type approvals for ballast water management systems continues. In November, the Wärtsilä AQUARIUS UV (ultraviolet) system received United States Coast Guard Alternate Management System acceptance. In addition, Wärtsilä’s AQUARIUS EC (electro-chlorination) system was granted IMO Type Approval in December.