Helsinki-based Wärtsilä Corporation has a strong order intake in the third quarter of this year, according to its Interim report covering January-September 2014.

Order intake increased 21% to EUR 1,309 million (1,086) in the third quarter, whereas net sales decreased 7% to EUR 1,117 million (1,199).

Other financial highlights include:

• Book-to-bill 1.17 (0.91)
•  Operating result before non-recurring items EUR 142 million, or 12.7% of net sales (EUR 148 million or 12.3%)
•  Earnings per share EUR 0.43 (0.48)
• Cash flow from operating activities EUR 68 million (139)

” In the marine markets the recent activity in LNG and LPG carriers has supported the ordering of gas handling systems. The 24% increase in Ship Power’s order intake was further

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The CMA CGM Group will retrofit 10 of its vessels’ bulbous bows in order to continue improving its fleet’s energy efficiency and reduce environmental footprint.

The bulbous bows exchanges that are performed within a week in repair yards’ drydocks reduce significantly the ship’s fuel consumption and cut CO2 emissions.

Bulbous bows are the underwater part of the bow. Because of their influence on the vessel’s wave resistance, their design has a major impact on the vessel hydrodynamic efficiency.

They were initially designed for 24 knots sailing speed. Following the implementation of the slow steaming, the Group’s vessels now sail at speeds between 16 to 18 knots. Bulbous bows have therefore been redesigned.

The bulbous bows’ new design was shaped in cooperation with Hydrocéan, a French engineering company

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• New Locks (Third Set of Locks), which is the construction of two lock complexes, which will create a third lane of traffic;
• Pacific Access Channel, also known as PAC4, which is the excavation of a 6.1 km-long access channel for the new Pacific locks to bypass Miraflores Lake;