Wärtsilä licensed engines chosen for eight Ch...

Wärtsilä Corporation, Trade and Technical Press release, 3 March 2010

Wärtsilä's two-stroke engines have been chosen for eight Chinese bulk carriers.
The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd.
Wärtsilä's Chinese licensee, Hefei Rong'An Power Machinery Co Ltd (Rong'An), a
member of the Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI), will build
the engines. The Wärtsilä RT-flex58TB two-stroke engines will be installed in a
series of eight 76,000 dwt Panamax bulk carriers. The first vessel is scheduled
to be launched in March 2011.

"The main reason for our choice of Wärtsilä RT-flex58TD main engines for our
Panamax bulk carrier project was the good reputation, in terms of reliability
and excellent performance, achieved by this engine type," said Dr. Wang Keke,
Head of Leasing Department 1 at Minsheng Financial Leasing Co. Ltd.

The Wärtsilä RT-flex engines with their superior common-rail technology, offer a
number of direct benefits to ship owners and operators. These include excellent
fuel efficiency, greater flexibility in engine setting for lower fuel
consumption, lower minimum running speeds, smokeless operation at all running
speeds, and better control of the exhaust emissions. The maximum continuous
rated power output (MCR) of this engine is 8300 kW. Furthermore, the RT-flex
engines comply with the reduced NOx emissions requirements of the International
Maritime Organisation (IMO) Tier II standard, which will become effective from
2011.

Minsheng Financial Leasing Co. Ltd. is a subsidiary of China Minsheng Banking
Corporation Ltd., the country's sixth-largest bank. Established about a year
ago, Minsheng Financial Leasing Co. Ltd. focuses on leasing aircraft, ships and
construction equipment. The vessels now on order will be the first to be
purchased by the company.

The bulk carriers will be built in Nantong, China by Rongsheng Shipbuilding &
Heavy Industries, part of the Jiangsu Rongsheng Heavy Industries Group Co Ltd
(RSHI). RSHI is a large and highly integrated heavy industries group whose
business covers shipbuilding, ship repairing, steel structures, and engine
manufacturing. The company runs China's third-largest shipyard and is the
country's largest private shipbuilding group; its order book currently consists
of 83 vessels. Equipped with two large dry docks, RSHI is able to build a wide
variety of vessel types, including bulk carriers of Panamax size and larger,
tankers from Aframax to VLCC sizes, LPG and LNG carriers, and containerships of
4250-9700 TEU.

In 2008, Wärtsilä signed a licence agreement with RSHI, the parent company of
Rong'An, to manufacture Wärtsilä low-speed common-rail engines. At the end of
2009, Rong'An delivered its first 6-cylinder Wärtsilä RT-flex68B engine to
Brazil's Log-In Logistica Intermodal S.A., and currently has orders for a
further twelve 7-cylinder Wärtsilä RT-flex82T engines.

Wärtsilä will provide operator training for the ships' crew members. Training is
an essential factor in the successful operation of ships' machinery, and
Wärtsilä has a dedicated training facility in Shanghai that can also offer the
courses in Mandarin language. The Wärtsilä facility boasts complete engine room
machinery, among them a state-of-the-art control room simulator for the RT-flex
engine, a rail unit section, injection control units, and a fuel supply unit to
provide practical, hands-on training possibilities.


Related information:
Press Release, 20 March, 2008;
Wärtsilä and RSHI Group sign licence agreement for manufacturing low-speed
marine engines in China
<

http://www.wartsila.com/,en,press,0,tradepressrelease,08D300E7-BE9C-4C4C-9FED-E
699BE553FD9,B14A18FE-A871-4049-9383-CD83EAB57AA1,,.htm>

Engine information on www.wartsila.com;
Wärtsilä RT-flex58T
<

http://www.wartsila.com/,en,productsservices,productdetail,product,F82994E8-6AC
C-409F-8981-1190BB85F00B,2C49AFF3-3828-4781-BA78-8D1CA1AEDE43,,8001.htm>

Link to a picture can be found at the end of this release.
Caption: Picture of a 6-cylinder Wärtsilä RT-flex58T engine.


Media contact:
Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel: [phone]
Direct fax: [phone]
e-mail: [e-mail]
<mailto:[e-mail]>
Internet: www.wartsila.com <

http://www.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 2009, Wärtsilä's net sales totalled EUR 5.3 billion with more than 18,000
employees. The company has operations in 160 locations in 70 countries around
the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com <

http://www.wartsila.com/>


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    6-cylinder Wärtsilä RT-flex58T engine: 

http://hugin.info/131481/R/1390384/348400.jpg