Wärtsilä Establishes Joint Venture with CSSC for Dual-Fuel Engines
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium-speed dual- fuel engines. The first engine is expected to be ready for delivery by late 2015. The new company will target the growing offshore and LNG markets, as well as the market for large container vessels. With LNG becoming increasingly popular as a marine fuel and dual-fuel capability being of increasing importance for both economic and environmental reasons, Wärtsilä’s dual-fuel offering is a major consideration for Chinese yards. CSSC Wärtsilä Engine (Shanghai) Co. Ltd will be the first China-based company able to manufacture locally large bore medium speed diesel and dual-fuel engines. By being able to produce and deliver locally, the new joint venture will provide CSSC Group and other Chinese yards with closer access to the Wärtsilä range of engines with the benefits of fast delivery times and competitive pricing. When in full production, the company will manufacture Wärtsilä 26 engines in V-configuration, Wärtsilä 32 main and auxiliary engines, Wärtsilä 46 engines and the Wärtsilä 34DF and Wärtsilä 46DF dual-fuel engines.