Wärtsilä Signs Service Agreement With Prestige Cruise Holdings

Press Release
Thursday, March 15, 2012

Wärtsilä has signed a five-year service agreement with U.S.-based Prestige Cruise Holdings Inc. (Prestige), the parent company of Oceania Cruises and Regent Seven Seas Cruises.

The long-term service agreement covers six vessels, a total of 27 Wärtsilä engines, and has the option to include further vessels in the future. The agreement facilitates the projection of costs associated with the maintenance of Prestige's cruise fleet, while also minimizing the downtime during routine maintenance and overhauls. The agreement provides a broad scope of services, including maintenance planning, spare parts supply, training, technical surveys, condition monitoring, and workshop services.

"Wärtsilä's willingness to assume a large part of the service and logistics activities, while offering a streamlined cost structure, provides the peace of mind which comes with knowing that the quality is the very best," said Robin Lindsay, Executive Vice President, Vessel Operations, Prestige Cruise Holdings.

The tailor-made agreement  covers pro-active planning by both companies working in co-operation. It involves dedicated teams from both parties, which will work closely together to ensure the optimal performance of the Prestige fleet.

"We are very excited about this agreement, which positions Prestige and Wärtsilä on a path for success in a partnership for continuous improvement," said Kourtney Dever, Account Manager, Wärtsilä North America, Inc.

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