Wärtsilä licensed engines chosen for eight Chinese bulk carriers

Wärtsilä Corporation, Trade press release, 3 March 2010 at 10:00 UTC+2

Wärtsilä’s two-stroke engines have been chosen for eight Chinese bulk carriers. The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd. Wärtsilä’s Chinese licensee, Hefei Rong’An Power Machinery Co Ltd (Rong’An), a member of the Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI), will build the engines. The Wärtsilä RT-flex58TB two-stroke engines will be installed in a series of eight 76,000 dwt Panamax bulk carriers. The first vessel is scheduled to be launched in March 2011.

“The main reason for our choice of Wärtsilä RT-flex58TD main engines for our Panamax bulk carrier project was the good reputation, in terms of reliability and excellent performance, achieved by this engine type,” said Dr. Wang Keke, Head of Leasing Department 1 at Minsheng Financial Leasing Co. Ltd.

The Wärtsilä RT-flex engines with their superior common-rail technology, offer a number of direct benefits to ship owners and operators. These include excellent fuel efficiency, greater flexibility in engine setting for lower fuel consumption, lower minimum running speeds, smokeless operation at all running speeds, and better control of the exhaust emissions. The maximum continuous rated power output (MCR) of this engine is 8300 kW. Furthermore, the RT-flex engines comply with the reduced NOx emissions requirements of the International Maritime Organisation (IMO) Tier II standard, which will become effective from 2011.

Minsheng Financial Leasing Co. Ltd. is a subsidiary of China Minsheng Banking Corporation Ltd., the country’s sixth-largest bank. Established about a year ago, Minsheng Financial Leasing Co. Ltd. focuses on leasing aircraft, ships and construction equipment. The vessels now on order will be the first to be purchased by the company.

The bulk carriers will be built in Nantong, China by Rongsheng Shipbuilding & Heavy Industries, part of the Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI). RSHI is a large and highly integrated heavy industries group whose business covers shipbuilding, ship repairing, steel structures, and engine manufacturing. The company runs China’s third-largest shipyard and is the country’s largest private shipbuilding group; its order book currently consists of 83 vessels. Equipped with two large dry docks, RSHI is able to build a wide variety of vessel types, including bulk carriers of Panamax size and larger, tankers from Aframax to VLCC sizes, LPG and LNG carriers, and containerships of 4250-9700 TEU.

In 2008, Wärtsilä signed a licence agreement with RSHI, the parent company of Rong’An, to manufacture Wärtsilä low-speed common-rail engines. At the end of 2009, Rong’An delivered its first 6-cylinder Wärtsilä RT-flex68B engine to Brazil’s Log-In Logistica Intermodal S.A., and currently has orders for a further twelve 7-cylinder Wärtsilä RT-flex82T engines.

Wärtsilä will provide operator training for the ships’ crew members. Training is an essential factor in the successful operation of ships’ machinery, and Wärtsilä has a dedicated training facility in Shanghai that can also offer the courses in Mandarin language. The Wärtsilä facility boasts complete engine room machinery, among them a state-of-the-art control room simulator for the RT-flex engine, a rail unit section, injection control units, and a fuel supply unit to provide practical, hands-on training possibilities.

Related information:
Press Release, 20 March, 2008;
Wärtsilä and RSHI Group sign licence agreement for manufacturing low-speed marine engines in China 

Link to a picture.
Caption: Picture of a 6-cylinder Wärtsilä RT-flex58T engine.

Media contact:
Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com 
Internet: www.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 maximises the environmental and economic performance of the vessels and power plants of its customers.
In 2009, Wärtsilä’s net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.