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2014-04-10

Wärtsilä Oyj Abp: Wärtsilä enters Paraguayan market with delivery of an integrated propulsion solution for new river vessel

Wärtsilä Corporation, Press release, 10 April 2014 at 2 pm EET

A new, high quality, pushboat used to push barges convoys along the Paraguay
River, will be powered by a Wärtsilä integrated propulsion solution. The
vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA)
yard in Paraguay on behalf of Naviera Yeruti, a Paraguayan company with
extensive barge construction and vessel operating interests. This new vessel
will be the company's first pushboat and it is scheduled to be delivered in
the second quarter of 2015. The contract with Shipyard SA was signed in
December 2013 and Wärtsilä's equipment will be delivered in the third quarter
of 2014.

The integrated Wärtsilä engine and propulsion system includes three 8-cylinder
in-lineWärtsilä 20 engines, threefixed pitch propellers, threegearboxes,
three shaft lines including the shafting,seals and bearings, and
thepropulsion control system. Paraguay Parana River system is extensively
used to transport goods, notably iron ore, soya beans and soya oil, to the
coast.

"The primary target of the owners was to ensure a high level of reliability in
its operations. Wärtsilä's reputation for high quality integrated propulsion
solutions was, therefore, an important factor in the award of this contract,"
says Joe Amyot, Area Sales Director, Wärtsilä Ship Power.

"We wanted the best available equipment for the first ever 6000 BHP, HFO
fuelled pushboat to be built in Paraguay. Experience has taught us that it
pays off to invest in the best technology the market has to offer. We believe
in strategic alliances with reliable partners, and we look forward to working
with Wärtsilä again in the future," says Guillermo Ehreke, owner of Naviera
Yeruti

In addition to the propulsion equipment, Wärtsilä is also providing additional
commissioning services to ensure a successful vessel start-up. A financial
solution through Finnvera, the official Export Credit Agency of Finland, has
also been arranged by Wärtsilä.

Link to picture
http://hugin.info/131481/R/1776267/605956.jpg
: Signing ceremony between Wärtsilä and Shipyard SA. Sitting from right to left: Guillermo Ehreke, GM and owner of Naviera Yeruti and Shipyard SA; Piotr Kabacinski, GM Sales, Americas, Wärtsilä Ship Power. Standing from right to left: Eduardo Masciottra, Warag SRL, Wärtsilä agent, Buenos Aires; Jorge de la Guardia, GM and owner of Naviera Yeruti and Shipyard SA; Joe Amyot, Area Sales Director, Wärtsilä Ship Power.

For further information please contact:

Mr Piotr Kabacinski
General Manager Sales, Americas
Wärtsilä Ship Power
Tel. +358 40 779 9384
piotr.kabacinski@wartsila.com

Ms Mirja-Maija Santala
Media Manager
Wärtsilä Corporation
Tel. +358 400 793 827
mirja-maija.santala@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 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.
www.wartsila.com
Wärtsilä Newsroom

Signing of the contract
http://hugin.info/131481/R/1776267/605956.jpg

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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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