Wärtsilä Extends Licence Agreements

Press Release
Friday, December 21, 2012

Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners.

 

CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years. The four companies are HHM (Hudong Heavy Machinery Co Ltd), CMD (CSSC-MES Diesel Co Ltd), CME (Zhenjiang CME Co Ltd) and GMD (CSSC Guangzhou Marine Diesel Engine Co Ltd).

Similarly, three companies belonging to CSIC (China Shipbuilding Industry Corporation), a licensee since 2004 when it demerged from CSSC, have also had their Wärtsilä licences renewed. The relevant companies are DMD (Dalian Marine Diesel Co Ltd), QMD (Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co Ltd), and YMD (Yichang Marine Diesel Engine Co Ltd). The agreements were signed during a ceremony held on 3 December 2012 in Shanghai and cover the period from 2013 to 2022.

 
Under the terms of the newly signed agreement, the seven companies are licensed to manufacture and sell the full range of Wärtsilä RTA, RT-flex, and Generation X low-speed marine diesel engines within their specified territories. Speaking at the signing ceremony, Mr Qin Wenquan, Chairman of the Board of Hudong Heavy Machinery Co Ltd and chairman of the board of CSSC-MES Diesel Co Ltd, said: "The application of new technologies has made the Wärtsilä two-stroke engine extremely competitive in terms of fuel consumption, exhaust emissions, and performance. More and more shipyards and ship-owners are indicating their preference for Wärtsilä engines." He further emphasized that: "As regards mutual co-operation, Wärtsilä continuously strengthens its communication with licensees, and provides strong support in both technology and marketing aspects. This has been especially relevant during the recent depressed market situation, where Wärtsilä has stood tightly with the licensees to overcome the difficulties together."

 
Mr Wu Shu, President of Dalian Marine Diesel Co Ltd, representing CSIC, thanked Wärtsilä in his speech for the past co-operation and looks forward to further strengthening it in the future. He mentioned especially the support that Wärtsilä has given in the successful manufacture of the RT-series of engines, and the newly developed Wärtsilä X72 engine for which Dalian Marine Diesel has already won orders. "Through our joint efforts, even more advanced engines can be developed", he said.

Martin Wernli, Managing Director of Wärtsilä Switzerland and Vice President, Wärtsilä Ship Power 2-stroke, underlined this theme in his speech at the signing ceremony. "Consistency in the terms and conditions under which we are working together, and consistency in the personal relationships between the staff members of our companies forms the basis of successful engine development, production and sales. Consistency is also what we need in the current challenging and rapidly changing market environment. In this way we can not only maintain but also further improve customer satisfaction by designing, manufacturing, selling and servicing world-class products with state-of-the-art technology."

The first orders for Wärtsilä's new Generation X (long-stroke) engines have already been received in China, the world's leader in merchant vessel shipbuilding.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

Contracts

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Shipbuilding

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Damen Builds Cable Installer For Maersk Supply Service

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was

Ship Repair & Conversion

Shipbreaking Practices in 2015 Reveal Appalling Record -Report

Ignoring industry leaders and human rights and environmental organizations, ship owners continue to profit from dangerous and dirty shipbreaking practices on South Asian beaches in 2015,

Dumpers 2015 - Examples of Particularly Bad Practices

The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company,

SS United States to Sail Again

Crystal Cruises reaches deal to restore the record-breaking and storied SS United States to a fully operational modern luxury cruise ship   Crystal Cruises has

News

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1643 sec (6 req/sec)