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Wärtsilä Oyj Abp: Wärtsilä to supply complete propulsion solution for new Norwegian fishing vessel

Wärtsilä Corporation, Press release, 7 September 2015 at 10 am EET

A new factory trawler fishing vessel being built for Norwegian marine trawling
operator Halstensen Granit AS is to feature a complete Wärtsilä propulsion
solution. The vessel is under construction at the Tersan yard in Turkey and
the Wärtsilä equipment is scheduled for delivery in mid-2016. The contract
was signed in August.

"The new vessel will be operating in challenging sea and weather conditions in
the Barents Sea and off the coasts of Norway and Greenland. It is essential,
therefore, that the propulsion machinery is both highly efficient and
extremely reliable. We have every confidence in Wärtsilä's expertise in these
areas," says Owner Inge Halstensen.

The vessel will employ the latest technologies to ensure the highest level of
operating efficiency. Wärtsilä is to supply the Wärtsilä 32 main engine, as
well as the two-speed gearbox, controlled pitch propeller (CPP), the HP
nozzle, seals and bearings. The Wärtsilä 32 engine features excellent fuel
efficiency even at lower engine loads. Wärtsilä's two-speed gearbox enables
lower propeller speeds and optimised propulsion efficiency, while still using
the main engine power for the shaft alternator. This results in lower costs
than when using high speed generating sets.

"We have worked in close cooperation with the owner for many years, and
through this have gained excellent insight into the needs and requirements
for efficient fishing vessel operations. As a result, we were able to present
calculations for alternative propulsion solutions so that the optimal
solution could be selected," says Arne Mæland, General Manager Sales,
Wärtsilä Marine Solutions.

Wärtsilä has previously supplied the propulsion systems for three purse seiner
vessels owned and operated by Halstensen Holding AS.

Link to image

Caption: The new fishing vessel for Halstensen Granit AS will feature a
complete Wärtsilä propulsion solution for efficient and reliable operation.

Media contacts:

Mr Arne Mæland
General Manager Sales
Wärtsilä Marine Solutions
Tel: +47 907 38264

Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Marine Solutions
Wärtsilä Corporation
Tel: +358 10 709 1439

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 the NASDAQ OMX
Helsinki, Finland.


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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