After several years of poor demand in dry bulk shipping, the market is now showing significant growth on the demand side. The signs of a firmer market have been visible since the late summer, and the speed has been picking up ever since. Although grain Exports from Finland are likely to decline since up to 20% of the harvest will be lost due to extremely bad weather conditions, total demand in our trading area is likely to increase. Undoubtedly the reason for stronger demand is to be found in the good economic growth, which has finally also reached Finland.

Havyard is merging all its products in the segment Power, Automation and Navigation into a joint business area, Norwegian Electric Systems (NES). As part of this change, Havyard Power & Systems is also changing its name to Norwegian Control Systems AS (NCS), the company said in its press release.

Havyard Power & Systems, now Norwegian Control Systems, was established in 2007 and now celebrates its 10th anniversary.

The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems, such as collision avoidance and remote control operations.

The technology group Wärtsilä has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subsidiary companies in Germany, Denmark, the U.K., and the USA. The company utilises a unique CApure process to convert raw biogas to biomethane and renewable natural gas. The transaction is valued (enterprise value) at SEK 280m (EUR 29m) with an additional maximum sum of SEK 70m (EUR 7.3m) to be paid based on the performance of the business in the coming year.