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2014-04-07

Wärtsilä Oyj Abp: Wärtsilä's Propulsion Condition Monitoring Service recognised by three major classification societies

Wärtsilä Corporation, Press release, 7 April 2014 at 11 am EET

Wärtsilä has received service level recognition for its Propulsion Condition
Monitoring Service (PCMS) by DNV-GL. Wärtsilä is the first company to attain
this type of recognition from three of the major classification societies,
namely the American Bureau of Shipping, Lloyd's Register, and DNV-GL.

The approval, which was received in February 2014, means that surveyors from
the classification societies may rely on Wärtsilä's PCMS when assessing
propulsion equipment. This eliminates the need for the compulsory five-year
internal inspection, which often requires dry-docking. Instead, with the
Wärtsilä PCMS continuously monitoring the equipment, major thruster overhauls
can be carried out at intervals of anywhere between five and 10 years, based
on the actual condition of the propulsion equipment. PCMS increases the
reliability and availability of monitored equipment and reduces overall
lifecycle costs.

The service level recognition represents confirmation that Wärtsilä's PCMS is
well suited for its intended purpose of condition monitoring and condition
based maintenance of propulsion equipment. Furthermore, by replacing visual
internal inspections with a yearly review of the PCMS reports, surveyors can
more easily make decisions affecting classification or statutory surveys to
ensure compliance with applicable class rules and various international
conventions.

"Financially this will have a big efficiency impact on the operations of
marine customers. PCMS enables condition based maintenance and eliminates the
need to perform an overhaul simultaneously with the compulsory five year
inspections, unless of course, PCMS shows there is a need for it. Prior to
attaining this service level recognition, approvals could only be given on a
vessel by vessel basis. With the service level recognition, this will become
much easier," says Frank Velthuis, Manager of Wärtsilä's CBM Centre
Propulsion.

Wärtsilä sees its condition and performance monitoring services as being a
prerequisite to supporting customers in the future, and a logical complement
to its service agreements business. Monitoring the performance and condition
of a ship's equipment enables owners to optimise its usage and predict the
maintenance need, thereby improving asset performance and reducing the total
cost of ownership.

Wärtsilä Services in brief

Wärtsilä is a global supplier of a full range of products, solutions and
services for the marine industry. This capability is backed by the industry's
most complete network of service and repair facilities with operations in
more than 160 locations in some 70 countries. The company's Services&Support
Business has the broadest offering in the industry. It ranges from basic
support, installation and commissioning, performance optimization, upgrades,
conversions and environmental solutions, to service projects and agreements
focusing on overall equipment performance and asset management

Link to image
http://hugin.info/131481/R/1774939/605145.jpg
: Overview of PCMS system for a steerable thruster

Read more:
Availability maximized with class approved PCMS
PCMS Propulsion Condition Monitoring Service

For more information please contact:

Luc Dankers
General Manager Sales Support&Product Management
Wärtsilä Netherlands
Tel: +31 620 019 815
luc.dankers@wartsila.com

Tuula Franck
Senior Manager, Media&Stakeholder Relations
Wärtsilä Corporation
Tel: +358 400 267 555
tuula.franck@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 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

Overview of PCMS system for a steerable thruster
http://hugin.info/131481/R/1774939/605145.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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