The dearth of newbuilding orders is intensifying the struggle for suppliers to secure contracts, according to Finnish technology company Wartsila.
The firm revealed good news this week when it clinched a €100m-plus ($121.5m) engine supply deal with Daewoo Shipbuilding & Marine Engineering for six new 172,500-cbm LNG carriers being built to serve the Arctic LNG 2 project in Russia’s Arctic waters.
