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2016-12-12

Wärtsilä Oyj Abp: Wärtsilä optimises the performance of Albacora's fishing fleet

Wärtsilä Corporation, Press release, 12 December 2016 at 12.30 EET

Wärtsilä has signed a long-term Technical Management Agreement to optimise the
performance of ten of the Spanish company Albacora S.A.'s fishing vessels.
The 5-year agreement was tailored to meet the requirements of Albacora's
fleet management, providing technical assistance and maintenance planning for
fishing vessels operating around the world.

Wärtsilä has previously provided Albacora with engines and propulsion systems
as well as seals and bearings. The new agreement includes monitoring of the
equipment as well as yearly audits, which together provide ship condition
data that serves as the basis for enhanced maintenance planning, leading to
maximised availability. Wärtsilä's Contract Management supports scheduled and
unscheduled maintenance planning, and field service experts are available
globally should any problems occur. Spare parts are also included in the
agreement.

"Albacora S.A. is looking for partners that understand our business and can
offer a fast answer to technical troubles - especially unexpected ones. Fast
response is essential in our business as is professional service providing
reliable solutions, and we hope that the signed agreement will answer this
important and basic need. On the other hand, we place great importance in
Wärtsilä knowing our vessels and their history thoroughly in order to
determine future maintenance needs. Maximising the reliability and
availability of our fleet is the best way to ensure profitability, and this
is where we expect Wärtsilä's service expertise to bring added value," says
Mr. Frank Bermeosolo, Technical Director, Albacora.

Global service at short notice

The Spanish Albacora S.A. is specialised in fishing, including transportation,
storage, distribution, marketing and packaging of its products. The company
was founded in 1974 with offices in Bermeo, Bilbao, Madrid, and Cadiz.
Albacora's fishing vessels operate in Central and Western Pacific, Eastern
tropical Pacific, the Atlantic, and the Indian Ocean, which means that
support services must be available globally at short notice.

"Wärtsilä's global service network ensures the availability and reliability of
Albacora's fleet around the world, even in risky areas in which cases of
piracy are still reported. Our priority is to support Albacora's business by
providing cost-efficient, high-quality maintenance and advisory services that
allow the company to operate safely and effectively," says Till Siegmann,
Director, Service Unit Ibérica, Wärtsilä. "Our cooperation with Albacora has
been fruitful and we look forward to developing it further with this new
agreement. The next step is to evaluate suitable digital solutions in order
to further improve our services."

Link to image

Caption: Wärtsilä optimises the performance of ten of Albacora S.A.'s fishing
vessels around the world.

For further information, please contact:

Joseba Abascal
Country Contract Manager
Wärtsilä Services
joseba.abascal@wartsila.com

Tel: +349 461 701 00

Hanna Viita
Director, Marketing
Wärtsilä Services
hanna.viita@wartsila.com

Tel: +358 40 167 1755

Wärtsilä Services in brief
Wärtsilä Services creates lifecycle services for its customers, enhancing
their business - whenever, wherever. We provide industry's broadest range of
services for both shipping and power generation. Our solutions range from
spare parts and basic support to ensuring maximised lifetime, increased
efficiency and guaranteed performance of customer's equipment or installation
- in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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