11 Feb 2014
InterManager Urges Calm over Possible Filipino Officer Ban
Ship managers should put in place sensible contingency plans to guard against a worst-case scenario should Filipino officers potentially find themselves banned from working on EU-flagged vessels.
11 Feb 2014
Wärtsilä Achieves 2013 Financial Target
"For Wärtsilä, 2013 was a year of varying activity within our different end markets. While the improvement in global vessel contracting was significant, power generation markets declined for the second consecutive year. Unfavourable exchange rates and some delayed deliveries at the end of the year led to a slightly weaker than expected net sales development. Profitability on the other hand developed well, reaching 11.2% for the full year.
