Wärtsilä optimises the performance of Albacora's

Wärtsilä Corporation, Press release, 12 December 2016 at 12.30 EET

Wärtsilä has signed a long-term Technical Management Agreement to optimise the performance of ten of the Spanish company Albacora S.A.'s fishing vessels. The 5-year agreement was tailored to meet the requirements of Albacora's fleet management, providing technical assistance and maintenance planning for fishing vessels operating around the world.

Wärtsilä has previously provided Albacora with engines and propulsion systems as well as seals and bearings. The new agreement includes monitoring of the equipment as well as yearly audits, which together provide ship condition data that serves as the basis for enhanced maintenance planning, leading to maximised availability. Wärtsilä's Contract Management supports scheduled and unscheduled maintenance planning, and field service experts are available globally should any problems occur. Spare parts are also included in the agreement.

"Albacora S.A. is looking for partners that understand our business and can offer a fast answer to technical troubles - especially unexpected ones. Fast response is essential in our business as is professional service providing reliable solutions, and we hope that the signed agreement will answer this important and basic need.  On the other hand, we place great importance in Wärtsilä knowing our vessels and their history thoroughly in order to determine future maintenance needs. Maximising the reliability and availability of our fleet is the best way to ensure profitability, and this is where we expect Wärtsilä's service expertise to bring added value," says Mr. Frank Bermeosolo, Technical Director, Albacora.

Global service at short notice

The Spanish Albacora S.A. is specialised in fishing, including transportation, storage, distribution, marketing and packaging of its products. The company was founded in 1974 with offices in Bermeo, Bilbao, Madrid, and Cadiz. Albacora's fishing vessels operate in Central and Western Pacific, Eastern tropical Pacific, the Atlantic, and the Indian Ocean, which means that support services must be available globally at short notice.

"Wärtsilä's global service network ensures the availability and reliability of Albacora's fleet around the world, even in risky areas in which cases of piracy are still reported. Our priority is to support Albacora's business by providing cost-efficient, high-quality maintenance and advisory services that allow the company to operate safely and effectively," says Till Siegmann, Director, Service Unit Ibérica, Wärtsilä. "Our cooperation with Albacora has been fruitful and we look forward to developing it further with this new agreement. The next step is to evaluate suitable digital solutions in order to further improve our services."

Link to image Caption: Wärtsilä optimises the performance of ten of Albacora S.A.'s fishing vessels around the world.

For further information, please contact:

Joseba Abascal Country Contract Manager Wärtsilä Services joseba.abascal@wartsila.com Tel: +349 461 701 00

Hanna Viita Director, Marketing Wärtsilä Services hanna.viita@wartsila.com Tel: +358 40 167 1755

Wärtsilä Services in brief Wärtsilä Services creates lifecycle services for its customers, enhancing their business - whenever, wherever. We provide industry's broadest range of services for both shipping and power generation. Our solutions range from spare parts and basic support to ensuring maximised lifetime, increased efficiency and guaranteed performance of customer's equipment or installation - in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com