Wärtsilä Oyj Abp : Wärtsilä receives first two orders for new Wärtsilä X62 engine

  Wärtsilä Oyj Abp : Wärtsilä receives first two orders for new Wärtsilä X62
                                    engine

Wärtsilä Corporation, Press release, 17 July 2013 at 12 noon EET

Wärtsilä, the marine industry's leading solutions and services provider, has
received its first two orders, a total of seven engines, for the Wärtsilä X62
2-stroke low speed engine. The Wärtsilä X62 is a midsize engine tailor made
for Panamax Bulk Carriers, Aframax or Long Range 2 (LR2) Tankers and Container
feeders. It is part of the new Wärtsilä Generation X 2-stroke engine family
which was recently introduced to the market.

According to the contracts, the main engines will be supplied to power:

- Four new LR2 tankers being built for Kyklades Maritime Corporation, a Greek
ship owner, at Hyundai Heavy Industries Co., Ltd (HHI) in South Korea.

- Three bulk carriers for Suisse-Atlantique, the Switzerland based global
fleet operator, to be built at Hyundai Mipo Dockyard's (HMD) facilities in
Vietnam.

The vessels will be of the new Ecodesign developed by the yards to reduce fuel
consumption and emissions substantially compared to previous tonnage. Both
orders were signed during the second quarter of 2013 and the engines will be
manufactured by Wärtsilä's licensee, Hyundai Heavy Industries Co., Ltd. -
Engine & Machinery Division (HHI-EMD), in South Korea.

The Wärtsilä X62 engine suits the new Ecodesign vessels as it meets the fuel
efficiency and emission targets for the ships. The Wärtsilä X62 gives
significant benefits to ship designers and yards by being the most compact and
lightest engine in its class. With this engine, designers have more freedom to
optimize hull lines and design vessels with higher pay loads and better
chartering competitiveness. Compared to earlier generations of main engines,
daily fuel consumption savings of as much as 10 per cent can be achieved,
while lubricating oil consumption has also been optimized.

Delivery of the engines to the four 115,000 DWT tankers is scheduled for June
2014, and the vessels are expected to be in global operation by the end of
2014. The ships will fully comply with the International Maritime
Organization's Energy Efficiency Design Index (EEDI), which aims at promoting
the use of more energy efficient and thus less polluting equipment and
engines.

The engines for the three 88,000 DWT bulk carriers are to be delivered in
April, July and October 2015, and the ships are scheduled to be launched in
June, September and December 2015 and will operate worldwide.

"We are familiar with Wärtsilä engines, and know that we can rely on their
efficiency and reliability. In particular, the new Wärtsilä X62 engine has
features that are very exciting for us," says Mr Alfred Jaeggi, Technical
Manager at Suisse-Atlantique.

For Kyklades Maritime the X62 engines offer an important way to address fuel
consumption and to comply with the increasingly tight environmental
legislation. Therefore the technology is central for their operations.

"The current needs of the shipping industry, namely reduced operating costs,
fuel efficiency, environmental compliance, and reliability are all addressed
in the design of the Wärtsilä X62. These are the first of many orders that we
will receive for this new generation engine, and we are delighted to be
co-operating with these highly respected fleet owners and world class
shipyards for these deliveries," says Mr Martin Wernli, Vice President,
Wärtsilä Ship Power, 2-stroke.



A number of the ships in Kyklades Maritime Corporation's existing fleet are
powered by earlier versions of the Wärtsilä 2-stroke engines.
Suisse-Atlantique has a history of operating ships with Wärtsilä main engines.

The Wärtsilä X62 engine

The Wärtsilä X62 is part of the recently introduced Generation X engine family
and has been designed as a main engine for Aframax tankers, Panamax/Kamsarmax
bulk carriers, as well as Feeder container vessels.

The new engine offers high propulsion efficiency in a unique combination of
low engine revolutions and an engine design with a minimum physical width.
This results in a slimmer aft vessel hull design leading to further propeller
efficiency improvements. One of the main targets when designing the Wärtsilä
X62 was to allow for slim hull lines to provide the ship with greater
efficiency.

The Wärtsilä X62 has a cylinder bore of 620 mm and its power output is in the
6,360 to 21,280 kW range. It comes in 4 to 8 cylinder configurations.

The Wärtsilä X62 is fully compliant with IMO Tier II requirements. It can also
be equipped with a SCR catalyst to meet IMO Tier III NOx emission levels, and
a scrubber to reduce SOx emissions to 0.1% - even with high sulphur fuels.

The introduction of the EEDI index also puts an emphasis on CO[2] emissions
and total vessel efficiency. The internal engine efficiency of Wärtsilä X62
and the possibility to apply various Power Take Off (PTO) arrangements for
onboard electricity production, make it easy for shipyards to meet these new
requirements.

Link to image of Wärtsilä X62 engine

For further information please contact:

Mr Martin Wernli
Managing Director, Wärtsilä Switzerland
Vice President, Wärtsilä Ship Power, 2-stroke
Tel: +41 52 262 2686
martin.wernli@wartsila.com

Ms Anna-Leena Pohjanpalo
Media Officer
Wärtsilä Corporation
Tel. +358 10709 5627
anna-leena.pohjanpalo@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of
the vessels and power plants of its customers. In 2012, Wärtsilä's net sales
totalled EUR 4.7 billion with approximately 18,900 employees. The company has
operations in nearly 170 locations in 70 countries around the world. Wärtsilä
is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com

Wärtsilä X62 engine

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