Ship power maker targets growing Chinese market

SHANGHAI: Wartsila, one of the world's major ship power suppliers and manufacturers, is moving to tap into the vast Chinese shipbuilding sector, banking on its advanced technology and services.

"The commitment by the Chinese government to make China the leading shipbuilder in the world is beginning to show. New shipyards are being opened and developed and we have seen the flow of shipbuilding orders moving in this direction," said Ole Johansson, president and CEO of Wartsila Corp.

"We have every reason to believe that by 2015, China will be the leading shipbuilder in the world," said Johansson. The Finnish company's core business provides complete lifecycle power solutions.