Deals this week: Wartsila, Jinhui Shipping and Transportation, ESL Shipping Oy


wartsila-Virgin voyages

Virgin Voyages has awarded a contract to Wärtsilä to provide a comprehensive scope of solutions for three new 2,800-passenger cruise vessels to be built at the Fincantieri shipyard in Italy.

Wärtsilä will supply engines, hybrid exhaust cleaning scrubber systems, selective catalytic reduction (SCR) systems and integrated navigation systems under the deal.

Two eight-cylinder and two 12-cylinder Wärtsilä 46F engines will be equipped on the three new cruise vessels, which are scheduled for delivery between 2020 and 2022.

Jinhui Shipping and Transportation intends to raise gross proceeds of approximately $23.9m by issuing up to 25,213,602 shares, which have been pre-subscribed to by Jinhui Holdings Company.

The company pre-subscribed for a total of 13,810,440 offering shares, which accounts for a total subscription amount of roughly $13.21m.

ESL Shipping Oy has signed an agreement to jointly develop and test an autonomous discharging feature for use on MacGregor's bulk-handling cranes.

The discharging system is set to be fitted on-board MacGregor’s two new LNG-powered bulk carriers.

"ESL Shipping Oy has signed an agreement to jointly develop and test an autonomous discharging feature for use on MacGregor's bulk-handling cranes."

The partnership is expected to reduce waste in the value chain and enable the development of safe and efficient solutions for bulk cargo unloading.

McGregor's new LNG carriers are scheduled to enter service in the second quarter of next year.

The World Bank has agreed to provide a $345m loan to Tanzania’s Port of Dar es Salaam and a $12m grant for the new Dar es Salaam Maritime Gateway Project (DSMGP).

The loan will be used to increase the port’s capacity to 25 million tonnes over the next seven years, while expansion will result in reducing the current berth waiting time from 80 hours to a target of 30 hours.


Image: Wärtsilä will provide comprehensive solutions for new Virgin Voyages cruise ship fleet. Photo: courtesy of Wärtsilä.