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 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 email@example.com Ms Anna-Leena Pohjanpalo Media Officer Wärtsilä Corporation Tel. +358 10709 5627 firstname.lastname@example.org 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 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE HUG#1716952
Wärtsilä Oyj Abp : Wärtsilä receives first two orders for new Wärtsilä X62 engine
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