Jaakko Eskola President & CEO, Wärtsilä Corporation
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FUEL FORWARD Jaakko Eskola President & CEO, Wärtsilä Corporation II international seminar – BARCELONA – 19.9.2016 © Wärtsilä PUBLIC THE WORLD AS WE KNOW IT... 2 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 MAJOR SHIPPING ROUTES 3 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 STEPS TOWARDS A GLOBAL ECA? 4 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 OSCILLATING OIL PRICE 140 120 100 80 60 CHEAP OIL USD/BARREL 40 AN OPPORTUNITY? 20 WILL IT LAST? EIA Short-Term Energy Outlook, March 2016 0 5 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 MANY BET ON FUEL PRICE RECOVERY EXPECTED PRICE RECOVERY IN THE MEDIUM TERM 6 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 COMPLIANCY WITH EMISSIONS IS STILL STANDING THREE ALTERNATIVES… 7 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 TECHNOLOGY IS CONSTANTLY DEVELOPING The battery market starts being ...OR MORE? particularly active Potential for reducing emissions and increase efficiency 8 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 REGIONAL LNG UTILIZATION VS. EMISSION RESTRICTIONS 9 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 DUAL-FUEL VESSELS ARE AN EXISTING REALITY >1,500 engines >16,000,000 running hours MERCHANT CRUISE & FERRY LNG Carrier 204 vessels CruiseFerry 1 vessel LPG Carrier 11 vessels ROPAX 3 vessels Tankers 14 vessels Ferries 12 vessels Containers 4 vessels Bulk Carrier 3 vessels Car Carrier 2 vessels 881 engines 66 engines OFFSHORE DF CONVERSION Platform 2 vessels FPSO 4 vessels FSO 2 vessels Chemical tanker 1 vessel FPSO 6 vessels RORO 2 vessels Jack-up Rig 1 vessel Ferries 3 vessels OSV 24 vessels IWW 1 vessel 132 engines 36 engines SPECIALS DF POWER PLANT Hopper Dredger 1 vessel Plants 82 Tugs 6 vessels Output 5031 MW Navy 1 vessel Online since 1997 Icebreaker 1 vessel IWW 16 vessels Guide ship 1 vessel Cable Layer 1 vessel 46 engines 376 engines 10 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 LNG, AND MORE WE BELIEVE IN FUEL FLEXIBILITY LNG ETHANE METHANOL MORE TO COME? Associated gas Stranded gas NGLs LPG VOCs OWNER - Viking line AB OWNER - Evergas OWNER – Stena line DF engines DF engines DF engines - conversion 11 © Wärtsilä PUBLIC II international seminar – BARCELONA – 19.9.2016 THANK YOU! Jaakko Eskola President & CEO, Wärtsilä Corporation II international seminar – BARCELONA – 19.9.2016 © Wärtsilä PUBLIC.