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Wärtsilä Chosen For Eight Chinese Bulk Carriers

Posted on March 3, 2010

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), 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 Wärtsilä RT-flex engines with their common-rail technology, offer a number of direct benefits to ship owners and operators including 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, said the company. The maximum continuous rated power output (MCR) of this engine is 8300 kW. 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 Corp. 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). 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.

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