WinGD Reports ‘Very Solid’ First Quarter

Tighter environmental regulations, 2020 sulfur cap help sales of dual-fuel options

WinGD is reporting a “very solid” order intake for the first quarter of 2019 for its low-pressure, dual-fuel two-stroke engines.

The maritime industry’s response to the call for tighter environmental regulations, combined with the 2020 sulfur cap, is steadily driving the industry towards dual fuel solutions, the company said. The first quarter of 2019 closed out with 32 new X-DF engines for WinGD.

A few recent high profile orders confirm that confidence in liquefied natural gas (LNG) as a marine fuel is growing to include a broader range of vessel types beyond LNGC to include chemical and crude oil tankers, asphalt carriers and container feeders. WinGD reports that more than 200 X-DF engines on order and/or delivered.

“This doesn’t mean that there isn’t still a considerable amount of debate about what the future fuels will be, but it does give owners peace of mind that their vessels will be complaint, safe and reliable for many years to come,” said Rolf Stiefel, VP Sales at WinGD. “LNG is the bridge which will get us closer to a carbon neutral future. Every day that passes more and more of the engines ordered for propelling deep sea vessels are choosing LNG as fuel. The reasons are compelling: lower emissions, less CO2 and offered at a very attractive price compared to 0.5% sulfur fuels.”

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