Wartsila bracing for marine engine order cancellations

(HELSINKI) — Wartsila Oyj officials say their marine engine order bookings could fall by 10 percent, Bloomberg News reported. Business is slowing at shipbuilding yards, and customers are finding it difficult to get credit. Plunging shipping rates also are discouraging maritime lines from ordering new vessels.
Click here to view the Bloomberg story.
By Professional Mariner Staff