World News
Wärtsilä Acquires Bunker-Saving Firm Eniram
Wärtsilä Corporation (Wärtsilä) Thursday announced that it has signed an agreement to acquire Finnish marine energy management company, Eniram Oy (Eniram), effective July 1, 2016.
Jaakko Eskola, President and CEO of Wärtsilä, said the acquisition will help Wärtsilä take a "solid lead" in marine digitalisation, a development that is a large part of the company's strategy to increase the competitiveness of Wärtsilä and its customers.
"Digitalisation offers significant growth potential for our customers and for Wärtsilä," added Eskola.
Eniram's solutions - said to save fuel, increase profitability, and reduce emissions - are noted to be currently installed in more that 270 vessels.
"Eniram has world-class analytics capabilities, and by joining forces we can provide our customers an unbeatable offering on both the vessel and fleet level. Eniram's offering and solutions truly complement the recently launched Wärtsilä Genius services portfolio," said Pierpaolo Barbone, President, Wärtsilä Services.
"Together we will enable our customers to optimise their assets and improve predictability, as well as support them with real-time analytics. Further product launches from Wärtsilä and Eniram are to be expected in the near future."
Henrik Dahl, CEO and Co-founder of Eniram, commenting on the acquisition, said: "with the accelerating trend of digitalisation and connectivity, there is an enormous amount of innovation happening across the maritime industry."
"Wärtsilä's leading market position coupled with Eniram's cutting-edge technology forms an unbeatable combination in the marine digitalisation space."
The deal is said to have an enterprise value of €43 million ($47.91 million).
Last month, Eniram announced that it has been selected by Greece-based Springfield Shipping Co. (Springfield Shipping) to provide bunker-saving energy efficiency technology to the shipping company's fleet of very large crude carriers (VLCCs).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.00 | 770.00 | 5.00 |
| Rotterdam | 602.50 | 1.00 | 762.00 | 2.50 |
| Houston | 630.50 | 4.00 | 796.50 | 2.50 |
| Fujairah | 648.50 | 0.50 | 900.00 | 4.50 |
| Global 20 Ports Average | 666.00 | 2.00 | 856.00 | 1.00 |
| Global 4 Ports Average | 632.50 | 0.50 | 807.00 | 1.00 |
| Global Average Bunker Price | 715.50 | 1.00 | 893.00 | 8.00 |
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