Wartsila & COSCO Sign an Agreement for Ballast Water Management Systems

Source: www.gulfoilandgas.com 6/1/2015, Location: Asia

Wartsila 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 Wartsila Aquarius Electro Chlorination (EC) Ballast Water Management System (BWMS) under license for application in their global marine market. In return, Wartsila gains access to an additional manufacturing facility able to assist with supply and demand of the Wartsila BWMS direct to Wartsila customers.

The agreement was signed in Weihai on 28th May 2015 and takes effect from 1st June 2015. Wartsila 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 Wartsila 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 Wartsila 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, Wartsila Ship Power.

“As one of the Fortune 500 companies, COSCO is engaged in shipping, logistics, shipbuilding and ship repairing. Wartsila 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 Wartsila Aquarius EC Ballast Water Management System
The Wartsila 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.

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

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