During 2015, 1,371 contracts for new vessels were registered, compared to 1,711 in the previous year. Contracting activity in the conventional merchant markets was slow and activity in the gas carrier market normalised from the strong volumes seen in 2014. Demand in the offshore market declined from the previous year due to depressed oil prices. There was a good level of contracting for cruise vessels and ferries. Wärtsilä’s share of the medium-speed main engine market was 59% (63% at the end of the previous quarter). The market share in auxiliary engines increased to 12% (9% at the end of the previous quarter).
Marine Solutions’ order intake declined by 8% to EUR 1,599 million, which was satisfactory given the general slowdown in vessel contracting and the further weakening of the offshore market. In line with the Marine Solutions strategy, Wärtsilä received several orders for the delivery of integrated solutions. Highlights included the contract to power the world’s first duel-fuelled dredger being built for DEME Group. Other strategically significant orders included the first order for the new generation Wärtsilä 31 engine, which was launched in June. The interest in environmental solutions continued to increase during 2015. Net sales for Marine Solutions was stable at EUR 1,720 million, which represents 34% of net sales.