Wärtsilä presents its 'visions of future shipping'

Wärtsilä presents its 'visions of future shipping'

ID: 492908

(Thomson Reuters ONE) -


Wärtsilä Corporation, Press release, 6 September 2016 at 3 pm EET

Wärtsilä has set out its visions for the future of the shipping industry. The
work on future visions has been prompted by the inevitable effect that growing
global energy demand and increasingly stringent environmental legislation to
combat climate change will have on the shipping sector. Additionally, Wärtsilä
assesses various emerging trends, such as sharing economies, new business models
enabled by the new digital universe, the huge growth in energy storage capacity,
and new affordable 'green' energy sources, since they represent both challenges
and opportunities for the future of shipping.

"We accept the challenges created by the developments currently taking place.
Wärtsilä is increasing its speed of re-invention; not just internally but in
cooperation with our customers and partners, so that the industry can be assured
of having the technologies ready and available to meet the new requirements,"
says Roger Holm, President, Wärtsilä Marine Solutions.

In its 'Visions of Future Shipping' paper, Wärtsilä presents different scenarios
that could shape the way that shipping companies operate in the future. These
scenarios have each been identified under different names, as follows:

CONVOY: By taking advantage of advanced controls and communication between
autonomous components, systems, and vessels, shipping fleets could be operated
in convoys. The fuel savings created by vessels closely following each other
results from the lower entrance speed of water ahead of the aft vessel. By
optimising the operations significant fuel reductions could be achieved.

Furthermore, through the use of system autonomy, artificial intelligence, and
advanced connectivity, it is envisioned that the trailing ships could be
operated with fewer crew members. Advanced communication technologies will also




rapidly increase the sharing of information, which will save time and optimise
the allocation of cargo to vessels.

ZERO - Floating Distribution Hubs: Another scenario could be to have artificial
islands along the main shipping routes producing emissions free fuels from solar
or wind for powering green energy sources. Clean energy production is becoming a
global priority, and its influence on the shipping industry is expected to be
felt more and more within the near future.

Exergo - Unlimited Energy Storage: Large investments will drive energy storage
using battery technology. Wärtsilä believes that battery energy density will
increase substantially during the coming years. This will allow ships to operate
in sensitive areas silently and with no exhaust emissions.

Z3 - Green Energy: To provide reliable, emission free power without upfront
investment, highly reliable energy sources and monitoring from the shore through
advanced connectivity will be required. This concept envisions the supply of
energy for propulsion on an 'as you go' basis.

LIITOS - Working together: For efficient cargo sharing, access to the same
information by all global operators would ensure, for example, that no container
ship sails cargo free. This sharing of assets could be achieved by use of a
digital tool.

BEAN to CUP - Manufacturing en route: Factory ships may one day be manufacturing
while transporting materials from one market to another. Apart from saving
valuable time, this concept could have substantial economic benefits. For
example, coffee beans being transported to Europe and Asia from South America
could be processed during the voyage so that the ready product is available
immediately upon the ship's arrival in port. Similarly, the quality of seasonal
crops could be enhanced by having the ship begin processing soon after
harvesting.

Wärtsilä will be discussing its 'Visions of Future Shipping' initiative at the
upcoming SMM conference and exhibition being held in Hamburg from September 5 to
9.
Meet us at Stand 312 in Hall B6.
Wärtsilä at SMM 2016

Link to images



Media contacts:

Mr Egil Hystad
General Manager, Market Innovation
Wärtsilä Marine Solutions
Tel: +47 90983716
egil.hystad(at)wartsila.com

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund(at)wartsila.com



Wärtsilä in brief:
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Wärtsilä Oyj Abp via GlobeNewswire




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Datum: 06.09.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 492908
Anzahl Zeichen: 5837

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