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2016-02-17

Wärtsilä Oyj Abp: Wärtsilä to supply ship design for new type deep water dive support vessel

Wärtsilä Corporation, Press release, 17 February 2016 at 9.30 am EET

Wärtsilä has signed a contract with Shanghai Bestway Marine Engineering Design
Co Ltd to design a new type of deep water dive support vessel. The ship is to
be built for China state-owned Shanghai Salvage Bureau (SSB), one of the
largest professional salvage companies in China. The contract with Wärtsilä
was signed in January.

The Wärtsilä design features a unique combination of capabilities, including
deep water (6000 metres) salvage operations, deep water pipe laying and
construction work, and saturation (SAT) diving operations for 24 divers using
two diving bells. SAT diving is a technique that allows divers to reduce the
risk of decompression sickness when working at great depths for extended
periods of time. All the design features are based on a single platform
operating with DP3, the highest class of Dynamic Positioning. When built,
this will be the world's first SAT diving support vessel with Multi-Lay and
ultra deep water construction capabilities.

"For a complex vessel design such as this involving the needed sub-sea
equipment, both extensive experience and broad know-how are absolutely
essential. Wärtsilä was selected because of our strengths in both these
areas. This contract highlights once again the value of the proven,
sophisticated, and integrated system designs that Wärtsilä produces for the
global marine market," says Riku-Pekka Hägg, Vice President, Ship Design,
Wärtsilä Marine Solutions.

"The new vessel will certainly be the most sophisticated asset in our fleet.
It will carry out operations in very deep waters and in often difficult
conditions. We believe the Wärtsilä design will meet all our requirements for
successful operations," says Mr Huang Yan, Director of Deep Diving Technology
Development Center, SSB.

Wärtsilä has proven experience and an impressive track record in designing
similar vessels of this type. The contract with SSB covers initial and basic
design of the ship, meaning that class and flag authority related drawings
for the purpose of finalising the necessary approvals and certifications,
will be supplied. Wärtsilä will also provide the basic references for future,
more detailed engineering requirements for building the vessel.

Wärtsilä Ship Design

Wärtsilä Ship Design has extensive know-how and expertise that is backed by a
truly global footprint and more than 40 years of experience. The company's
impressive reference list includes more than 4000 vessels already built, as
well as some of the most advanced LNG powered ships. The emphasis with all
Wärtsilä ship designs is to achieve innovative, cost effective, and
environmentally compliant solutions that are specifically tailored to the
intended operating profile of the vessel.

Link to related information on wartsila.com
Wärtsilä Ship Design

Link to image

Caption: The new deep water dive support vessel for Shanghai Salvage Bureau
(SSB) is designed by Wärtsilä.

Media contacts:

Mr Jan Othman
Managing Director, Ship Design Singapore&Shanghai
Wärtsilä Marine Solutions
+65 81815078
jan.othman@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 2015, Wärtsilä's net sales totalled EUR 5.0 billion with approximately
18,900 employees. The company has operations in more than 200 locations in
nearly 70 countries around the world. Wärtsilä is listed on the Nasdaq
Helsinki.
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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