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2014-05-19

Wärtsilä Oyj Abp: Wärtsilä receives repeat order from Evergas to supply comprehensive integrated solution for three Multigas carriers

Wärtsilä Corporation, Press release, 19 May 2014 at 10 am EET

Three new state-of-the-art 27,000 cbm LNG/Multigas Carriers for Evergas, the
Denmark based transporter of petrochemical gases and natural gas liquids, are
to be built featuring the integrated Wärtsilä solution, comprising the main
propulsion equipment, the gas fuel supply system, and the cargo handling
system. This order is an extension of the one placed in 2013 for a series of
three similar vessels. The ships are being built by the Sinopacific
Offshore&Engineering (SOE) shipyard in China, and feature an advanced design
that offers very high efficiency and unparalleled flexibility. The order was
signed in March 2014.

"Wärtsilä is extremely pleased to continue this valuable cooperation with
Evergas and SOE. The concept that has been developed has proven to be
extremely successful as evidenced by the fact that it is being continued for
a further three vessels. Our integrated solution fully meets the design
criteria for excellent fuel economy as well as superb redundancy," says
Jaakko Eskola, Senior Executive Vice President&President, Ship Power,
Wärtsilä Corporation.

"These vessels are the largest, most flexible and advanced multigas carriers
yet to be built. By utilising Wärtsilä dual-fuel propulsion machinery capable
of running on clean LNG, the ships will be Tier III compliant and have a
minimal environmental footprint, which is important to our company. We
appreciate Wärtsilä's valuable cooperation in this newbuild programme, and we
are pleased that this extended order allows us to continue this excellent
cooperation," says Martin Ackermann, CEO of Evergas.

For each vessel Wärtsilä will supply two Wärtsilä 50DF dual-fuel main engines,
two Wärtsilä 20DF auxiliary gensets, the gearbox, and the controllable pitch
propeller. Wärtsilä will also supply the Cargo Handling System with
reliquefaction and an integrated LNG fuel supply system, enabling the vessels
to utilize the LNG energy even further. This integration means that less
energy and power is needed for cooling the cargo, thereby increasing both the
efficiency and the environmental sustainability.

The delivery of the 178 metre long vessels will take place during 2015.
Wärtsilä's cooperation with the shipyard will continue until the vessels are
launched.

Link to the release about the order signed in 2013

Media contact:

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Ship Power
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund@wartsila.com

About Wärtsilä:

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 nearly 200 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki,
Finland.
www.wartsila.com

About Evergas

Evergas is one of the world's leading seaborne transporters of petrochemical
gases and natural gas liquids. The company headquartered in Copenhagen
employs more than 400 people around the world. Evergas has over the last
years executed a complete fleet renewal process with its firm 20 ship order
(excl. options) reducing its average fleet age to below 4 years. Evergas is
involved in the small and medium sized segments within the transportation of
petrochemical gases, ethane, LPG and LNG.
Visit our company at: www.evergas.net

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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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