Wartsila Oyj Abp (Public, HEL:WRTBV) is a Finland-based global engineering company. It is operational through three principal divisions: Ship Power, which focuses on ship power solutions, including engines, generating sets, reduction gears, propulsion equipment, automation and power distribution systems, as well as sealing solutions for the marine industry; Power Plants, which offers power plants for the decentralized power generation market, including solutions for baseload power generation, grid stability and peaking, industrial self-generation, as well as for the oil and gas industry; and Services, which offers solutions that support the customers throughout the lifecycle of their installations, for ship machinery and power plants. The Company operates through a number of subsidiaries located in Europe, the Americas, Asia and Africa.
The core business of Wärtsilä is marine diesel engines, but its engines are also widely used in diesel-powered power plants. It employed 18,541 workers at the end of 2009.
Where is ‘El Niño'? Peru
In an interesting article published by the Institute of Aquatic Resources of Peru under the title En Busca del Niño Perdido (In Search of the Lost Child), the organization notes that "El Niño phenomenon will not take place in the Peruvian coast."
Court appoints liquidators for China Fishery Hong Kong
The High Court of Hong Kong has appointed provisional liquidators for China Fishery Group following a winding up request filed by HSBC bank, a lender of the Chinese group.