Wärtsilä and COSCO sign manufacturing license agreement for Ballast Water Management Systems
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 1 June 2015 at 2 pm EET
Wärtsilä has signed a manufacturing license agreement with COSCO (Weihai)
Shipbuilding Marine Technology Company Limited (WECOSCO) based in Weihai, China.
The two-way agreement provides COSCO with access to technology and the rights to
manufacture the Wärtsilä Aquarius Electro Chlorination (EC) Ballast Water
Management System (BWMS) under license for application in their global marine
market. In return, Wärtsilä gains access to an additional manufacturing facility
able to assist with supply and demand of the Wärtsilä BWMS direct to Wärtsilä
customers. The agreement was signed in Weihai on 28(th) May 2015 and takes
effect from 1(st) June 2015.
Wärtsilä retains ownership of the Aquarius EC technology and all associated
Intellectual Property Rights, and will provide technical support to WECOSCO who
will manufacture the system under license for applications on ships across the
global marine market including COSCO. COSCO operates a number of shipyards in
China and has one of the largest shipping fleets in the world. The Aquarius EC
BWMS will be supplied with Type Approvals obtained by Wärtsilä and according to
both IMO and USCG legislation will be installed not only new ships but also for
the significant retrofit market.
"This is a landmark agreement forming an important new partnership, which
facilitates the supply of Wärtsilä Aquarius EC BWMS to a significant part of the
Chinese marine market, both for new build ships and retrofit projects. By
combining the strengths of our two companies, we can more effectively meet the
growing demand for EC based BWMS in the short term and for medium to large
vessel applications. Our combined global service networks also ensures that the
BWMS are fully supported wherever and whenever needed," says Dr Joe Thomas,
Director, Ballast Water Management Systems, Wärtsilä Ship Power.
"As one of the Fortune 500 companies, COSCO is engaged in shipping, logistics,
shipbuilding and ship repairing. Wärtsilä is a world famous supplier for marine
equipment. By combining the strengths and giving full play to the advantages of
both companies, we have achieved a win-win cooperation. The agreement, which has
a representative meaning for both of us, is a good foundation for our further
cooperation," says Mr Jia Lianjun, Chairman of WECOSCO board of directors.
The agreement has a 5 year initial term. The two companies will support each
other in delivering the BWMS technology to a broader customer base, and in
providing long term global service support and sales of spare parts for our
combined customer base.
The Wärtsilä Aquarius EC Ballast Water Management System
The Wärtsilä Aquarius EC BWMS provides robust technology for the treatment of
ballast water using a simple two stage process involving filtration and electro-
chlorination (EC). It is effective in all operating and environmental
conditions. The system is easy to integrate and maintain, and is type approved
according to the IMO Convention and has an Alternative Management System (AMS)
acceptance certificate from the United States Coastguard (USCG). The Aquarius EC
BWMS has also successfully completed landed based testing in accordance with the
USCG environmental technology verification (ETV) protocols and USCG Type
Approval is anticipated early in 2016.
Link to more information:
The Wärtsilä Aquarius EC BWMS on wartsila.com
Image 1.
Caption: WECOSCO Chairman Mr Jia Lianjun and Joe Thomas, Director, Ballast Water
Management Systems, Wärtsilä Ship Power.
Image 2.
Caption: WECOSCO Chairman Mr Jia Lianjun and Joe Thomas, Director, Ballast Water
Management Systems, Wärtsilä Ship Power with WECOSCO team and Jaakko Antila,
Business Development Director, Wärtsilä Environmental Solutions and William
Huang, Senior Sales Manager, Wärtsilä China.
Media contacts:
Dr. Joe Thomas
Director, Ballast Water Management Systems
Wärtsilä Ship Power
Tel: +44 1202 662600
joe.thomas(at)wartsila.com
Ms Marit Holmlund-Sund
Senior Manager Marketing, Communications, Ship Power
Wärtsilä Corporation
Tel: +358 10 709 1439
marit.holmlund-sund(at)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 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.
www.wartsila.com
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originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
[HUG#1925307]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 397217
Anzahl Zeichen: 5813
contact information:
Town:
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Kategorie:
Business News
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"Wärtsilä and COSCO sign manufacturing license agreement for Ballast Water Management Systems"
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