World News
Wärtsilä and CSSC Electrical and Automation JV Opened in China
Wärtsilä Corporation (Wärtsilä) has announced the opening of its joint venture company with China State Shipbuilding Corporation (CSSC), CSSC Wartsila Electrical & Automation (Shanghai) Co. Ltd. (CWE&A), which is set to focus its activities on China's growing market in the marine sector for advanced electrical and automation (E&A) solutions.
The joint venture, which will be headed by General Manager Christian Heinsohn, will place particular focus on the cruise industry.
The opening of CWE&A was announced today at the Marintec 2017 conference and exhibition in Shanghai.
"Shipping is becoming increasingly high-tech, and advanced E&A solutions are essential for achieving the best efficiency and greater safety," said Roger Holm, President, Wärtsilä Marine Solutions.
"Furthermore, with digitalisation now an integral part of shipping's future, Wärtsilä's leading position in this field will enable CWE&A to fully meet the needs of its customers well into the future."
Wärtsilä and CSSC are noted to also have joint venture engine and propeller companies in China, with CSSC Wärtsilä Engine (Shanghai) Co. (CWEC) recently reported to be set to deliver 16 dual-fuel engines to four new liquefied natural gas (LNG) carrier vessels being built at China's Hudong Zhonghua shipyard.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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