Wärtsilä Corporation Interim Report Q1 2015

Research and development, product launches

During the first quarter, a new research programme was implemented with Wärtsilä and VTT, the Technical Research Centre of Finland, as the main contributors. The aim of the three-year ArTEco programme is to develop propulsion products specifically for operating in arctic conditions.

In March, Wärtsilä launched a series of four new LNG carrier ship designs. The designs have been developed in close cooperation with customers to meet the high safety and performance standards for global LNG transportation.

Also in March, Wärtsilä and Clean Marine Energy (Europe) Ltd announced the shipping industry’s first collaboration agreement to provide a funding solution to drive the uptake of exhaust gas cleaning technology. The intention is to ease the financial burden on ship owners seeking to install scrubber systems in order to meet sulphur emissions legislation.

In February, Wärtsilä and Cryonorm Systems BV, a Netherlands based developer and supplier of cryogenic vaporizers, agreed to form a consortium that will deliver LNG systems for the European inland waterway vessel market. The advanced system that the consortium will bring to this segment is based on Wärtsilä’s LNGPac gas fuel supply system. Its benefits include reduced costs and maintenance requirements, simplified installation, and shortened delivery times.

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