- In January 2025, Wärtsilä renewed its Operation & Maintenance agreement with Caparo Power Ltd (CPL) for its 36 MW power plant in Bawal, Haryana. The extension, effective for five years, includes maintenance, spare parts, operational support, and Wärtsilä’s Expert Insight solution, ensuring plant efficiency and reliability. This renewal highlights the strong partnership between Wärtsilä and CPL since 2010
- In July 2024, Seatrium Limited, headquartered in Singapore, secured ship repair and upgrade contracts worth SGD $180 million (US$140 million) in July 2024. The projects include repairs and upgrades on offshore vessels, naval vessels, ferries, LNG carriers, and tankers. Seatrium continues to strengthen Singapore’s position as a hub for vessel repairs, emphasizing its expertise in complex projects and adherence to safety standards
- In February 2025, Weser Maritim, a leading ship repair company in Istanbul, announced eco-friendly solutions to make ship repairs more sustainable. The company introduced biodegradable cleaning agents, energy-efficient technologies, and optimized procedures to reduce environmental impact. These measures align with evolving IMO regulations and global sustainability goals, helping shipowners cut costs and enhance their green credentials
- In January 2025, Russian Arc7-class LNG tankers underwent repairs at European Union shipyards, including Damen (France) and Fayard (Denmark), enabling Russia to maintain Arctic gas transport despite sanctions. The Yamal LNG plant's operations depend on these services, with 14 out of 15 tankers serviced at these yards. EU sanctions have yet to target natural gas, though measures to limit LNG imports are forthcoming
