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2015-08-27

Wärtsilä Oyj Abp: Wärtsilä 34DF dual-fuel auxiliary engine becoming the global standard for LNG Carrier applications

Wärtsilä Corporation, Press release, 27 August 2015 at 10 am EET

The upgraded version of theWärtsilä 34DFengine is rapidly becoming established
as an industry standard. The three major South Korean shipyards are
supporting the use of this engine for auxiliary applications in the LNG
Carrier segment where dual-fuel engines are favoured. South Korea currently
has more than 80% of the total order book for LNG tankers, while the Wärtsilä
34DF engine has achieved an auxiliary application market share of
approximately 70% in this sector.

During the first half of this year Wärtsilä has been awarded contracts for 56
Wärtsilä 34DF dual-fuel auxiliary engines for 14 new LNG Carriers being built
for four different owners. This means that Wärtsilä has already received
orders for nearly 100 such engines from these three yards since it was
re-launched with a higher MCR (maximum continuous rating) in 2013. All these
orders were placed by South Korea's three leading shipyards and the ships are
being built for European, American, and Asian owners.

"The Wärtsilä 34DF dual-fuel engine is a powerful, versatile, and efficient
engine that is helping shipping move into the gas age. The impressive track
record of 100 engines sold in a two year period speaks for itself. While the
success has been universal, with contracts from yards and owners globally,
the fact that the world's largest shipbuilding nation, South Korea, is
increasingly opting for the Wärtsilä 34DF is especially gratifying," says
Lars Anderson, Vice President, Engine Sales, Wärtsilä Marine Solutions.

The Wärtsilä 34DF engine

The Wärtsilä 34DF was originally introduced in 2008 and was based on the
successful Wärtsilä 32 engine platform. In 2013 it was upgraded to provide 11
percent more power and increased efficiency without changing the physical
dimensions. The upgraded version has a power output range from 3,000 to
10,000 kW at 500 kW per cylinder.

Link to image

Caption: Picture of a 6-cylinder in-line Wärtsilä 34DF engine.

Media contacts:

Mr Lars Anderson
Vice President, Engine Sales
Wärtsilä Marine Solutions
Tel: +65 6265 9122
lars.anderson@wartsila.com

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@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 maximizes the environmental and economic performance of
the vessels and power plants of its customers.
In 2014, Wärtsilä's net sales totalled EUR 4.8 billion with approximately
17,700 employees. The company has operations in more than 200 locations in
nearly 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki,
Finland.
www.wartsila.com

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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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