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 2017, Wärtsilä’s net sales totalled EUR 4.9 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
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Congressional and Agency Actions to Implement Changes to U.S.-Flag Vessel Safety Requirements Three Years after the M/V El Faro IncidentOctober 1, 2018 marked three years since the tragic sinking of the M/V El Faro – ranking as one of the worst maritime disasters in U.S. history and resulting in the highest death toll for a U.S. commercial vessel sinking in almost 40 years. Following this incident, both the National Transportation Safety Board (NTSB) and U.S. Coast Guard spent considerable effort to investigate this incident.
SunStone Ships continues to break new ground in the specialty/expedtion cruise sector with the announcement of the signing of an agreement to build another two Infiity class vessels in China. According to SunStone President and CEO, Niels-Erik Lund, “Our charterers are anxious to enjoy the advantages of our cutting-edge technology, like the Xbow design, along with the significant operating efficiencies offered by the INFINITY Class. So, we’re moving as quickly as possible to get them into the market.”The Infinity class ships are 104 x 18 m with a 5.1-m draft and a passenger capacity between 130-200 witha crew capacity between 85 and 115.
Australia's chief cyber security chief said on Tuesday an investigation into the hacking of defense contractor Austal Ltd could take years, rejecting a local media report that his agency had concluded the attack originated from Iran.Austal said earlier this month hackers had breached its defenses to gain access to ship designs and that some staff email addresses and mobile phone numbers were accessed.The attack triggered an investigation by the Australian Cyber Security Centre (ACSC), the country's top cyber security unit. The Australian Broadcasting Corporation reported on Tuesday that the ACSC had determined criminals in Iran were behind the attack, but the ACSC rejected the news report.
Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV sector,” warns that companies counting on a quick return to stability in the OSV sector are in for a rude awakening.The September report goes on to say that OSV companies continue to face pressure due to a radically changed oil industry and must take quick and decisive action in order to survive in what should be considered the ‘new normal.’Separately, VesselsValue.
Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney in early June when it lost dozens of containers overboard amid five-meter swells in the Tasman Sea, about 30 kilometers off Australia's east coast.The Australian Maritime Safety Authority (AMSA), citing serious potential impacts to local fishing and the environment