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THE CREDIT CRUNCH AND SHIPBUILDING
World shipyards have a record order backlog. What effect will the global credit crunch have?

No effect
A slow down in new orders
Cancellation of some existing orders
Cancellation of many exisiting orders

Marine Log

April 8, 2008

Wärtsilä signs up Chinese RT-flex licensee

Wärtsilä and Zhenjiang CME Co Ltd (CME) have signed a license agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by CME in China.

The agreement grants CME the right to manufacture all sizes of Wärtsilä RT-flex modern low-speed engine types at its new factory in Zhenjiang. However, CME will focus on engines of 50 cm cylinder bore and smaller.

RT-flex engines feature common-rail technology incorporating full electronic control of engine processes.

"Wärtsilä already has a business partnership with CME in the manufacture of propellers and it is a pleasure to be able to develop this partnership further and to increase the manufacturing volume for smaller Wärtsilä common-rail low-speed engines. We look forward to a long-lasting fruitful partnership", said Mr Martin Wernli of Wartsila.

The new licensee is located at Zhenjiang in Jiangsu Province up the Yangtze River from Shanghai.

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