LNG

April 24 (LNGJ) - Wartsila, the LNG carrier and ship propulsion equipment maker, said quarterly order intake decreased 16 percent to 1.14 billion euros ($1.57Bln). However, net sales increased by 15 percent to 1.01Bln euros. The Finland-based company's President and Chief Executive, Bjorn Rosengren, said of the results: "In line with our expectations, first-quarter net sales developed well with profitability at 8.9 percent. The power plant markets remain challenging. However, activity in the marine market was at a healthy level and Ship Power performed well, which partly offset the current challenges."