Company News – Page 149

Wärtsilä, PSA Marine Join Forces on Clean Energy Shipping Solutions

Wärtsilä and PSA Marine plan to collaborate in the co-creation of smart technologies for the marine sector.

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The company delivered strong free cash flow and a return on invested capital of 6.4%, according to Maersk CEO.

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Team Tankers is selling another two older vessels, pursuing its strategy aimed at younger ocean-going units.

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Net proceeds from the bonds will be used for general corporate purposes and prepayment of debt.

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The parties would invest in a bio-refinery to produce an advanced marine biofuel based on pyrolysis oil.

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