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Wärtsilä Oyj Abp: Two new HB Grandi fishing vessels to be fitted with the upgraded Wärtsilä NOx Reducer

Wärtsilä Corporation, Press release, 23 April 2014 at 1 pm EET

The newWärtsilä NOx Reducerwill be fitted to two new fishing vessels under
construction at the Celiktrans yard in Turkey. The ships are owned by HB
Grandi, one of Iceland's largest fishing vessel operators. The company
emphasizes environmental sustainability and responsible fishing practices.
The order was received during the fourth quarter of 2013 and Wärtsilä's
equipment is scheduled for delivery in the second and fourth quarter of 2014.

The Wärtsilä NOx Reducer (NOR), an exhaust after-treatment system for removing
harmful nitrogen oxide emissions from medium speed marine engines, has been
upgraded with a new and improved design. The upgraded version features a
flexible and more compact design to enable easier and faster onboard
installation. It is also compatible for both marine diesel fuel (MDF) and
heavy fuel oil (HFO) engine operation. The auxiliary units have also been
improved; for example, centralised units for multiple installations with
built-in redundancy are now available.

"The new version of the Wärtsilä NOx Reducer is designed for installation
onboard newbuild vessels, as well as for retrofitting to existing ships. It
not only enables compliance with existing and future legislation, but
maximises the overall environmental performance and profile of the vessel,
giving the change to profit from possible subsidizing bodies supportive
emission reduction schemes. The upgraded design is in response to customer
needs in the areas of installation flexibility, easy operation and
maintenance, minimizing the impact on ship design while maintaining full
flexibility on fuel selection," says Giulio Tirelli, Director, 4-stroke
Portfolio&Applications, Wärtsilä Ship Power.

The Wärtsilä NOR enables vessels to meet the International Maritime
Organisation's (IMO) Tier III NOx emission regulations, thus allowing them to
operate freely within the current and planned Emission Control Areas (ECAs)
designated by the IMO. Furthermore, Wärtsilä can optimise and deliver the
engine and SCR as a fully tested, single package together with a Statement of
Compliance for the IMO's Tier III regulations.

The Wärtsilä NOR system is based on selective catalytic reduction (SCR)
technology, and can be operated together with other exhaust gas treatment
systems, such asSOx scrubbers systems. The NOR reactor, which includes a soot
blowing system and the catalyst elements, is available in a variety of shapes
and sizes, and can be orientated either vertically or horizontally so as to
optimise the use of available installation space. It can also be integrated
with silencers.

At theMarine Environment Protection Committee (MEPC) 66 meetingin early April
the IMO decided to maintain 1.1.2016 as the implementation date for the IMO
Tier III NOx emission limits within the existing NOx Emissions Control Areas
(NECAS). It was also decided to keep the implementation date flexible for
future NECAS. This decision is based on the adoption date of a new NECA or,
alternatively, agreement regarding later implementation dates during the
designation process.

Technology for environmental efficiency

This latest innovation in emissions abatement technology offers ship owners a
welcome opportunity to optimize operations, while at the same time meeting
the need for environmental sustainability. Today, new and more stringent
legislation concerning NOx emissions is a global phenomenon, and governing
bodies like the International Maritime Organization (IMO) are introducing
stricter regulations. Additional regulations in the shape of fees, taxes or
incentive programmes, are being implemented by various parties, including
individual countries that have introduced fairway dues, an NOx tax, or NOx
fund initiatives.

Image:Wärtsilä NOx Reducer
Wärtsilä NOx Reducer leaflet

For further information please contact:

Johanna Vestergård
Engineer, Portfolio Management
Wärtsilä Ship Power
Tel: +358 440280180

Tuula Franck
Senior Manager, Media&Stakeholder Relations
Wärtsilä Corporation
Tel: +358 400 267 555

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 2013, Wärtsilä's net sales totalled EUR 4.7 billion with approximately
18,700 employees. The company has operations in more than 200 locations in
nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX
Helsinki, Finland.

Wärtsilä Newsroom

Wärtsilä NOx Reducer layout


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire


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