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 Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

British Queen to Name New Ship

Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Shipbuilding

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

Ferus Smit to Launch Newbuild Bulker

Ferus Smit will launch newbuild bulk carrier Arklow Breeze on Friday, March 20 at Westerbroek.   Arklow Breeze is the sixth and last vessel of a series to be

Damen ASD 2810 Hybrid Tug Delivered to Multraship

Multraship took delivery of a Damen ASD 2810 Hybrid tug vessel, built at Damen Shipyards Galaţi, in Romania. The delivery is part of Multraship’s fleet expansion program,

Ship Repair & Conversion

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

Keppel FELS to Deliver 100th Jackup Rig

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas (PVDO),

Conrad Shipyard Bags LNG Order

Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard

News

China's Maritime Advances Worry US

The Director of U.S. National Intelligence, James Clapper, has expressed his concern at the progress of China in maritime zones it shares with its neighbors, accused

British Queen to Name New Ship

Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

Berenberg in $1.1bln Box Bid

The world's second-oldest bank Joh. Berenberg Gossler & Co. KG is lining up a new fund worth EUR 1bn ($1.1bn) for the containership sector.   A report appeared

 
 
Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2994 sec (3 req/sec)