Subscribe to RSS feedEngine maker faces crisis on orderbook
by
Obsidian
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last modified
Feb 05, 2009 12:00 AM
Wrtsil, one of the largest ship engine makers, faces losing up to E800m (US$1bn) of its existing orderbook to cancellations.
With a current ship power orderbook of E4.5bn, this represents almost 18% of its engine orders and 11% of its total orderbook, which includes engineering services and shore power plants.
Wrtsil said that up to 400 vessels in the large...
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