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Wärtsilä, CEVA Expand Cooperation

Maritime Activity Reports, Inc.

March 31, 2009

Wärtsilä, a ship power and decentralized power plant solutions, and CEVA Logistics, a supply chain company, have signed an agreement for the outsourcing of warehousing operations for Wärtsilä's 24/7 global spare parts activities in the Netherlands.
 
The agreement follows Wärtsilä's earlier announcement of its intention to consolidate the company's spare parts logistics and to build a Central Distribution Centre facility in the Netherlands. The new operating model is planned to be fully implemented during 2011. Until then, CEVA will already manage the existing Dutch warehouse of Wärtsilä in Zwolle and will assist in the design of the new Central Distribution Centre.
 
Since September 2008, CEVA Logistics has also been responsible for managing spare parts transportation to Wärtsilä's various warehousing facilities in Europe and deliveries to Wärtsilä's international customers.
(www.wartsila.com)
(www.cevalogistics.com)

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