NEWS
Acquisition Contract
Wärtsilä expands APL wins FLNG
business with CWA equipment deal
Wärtsilä has recently acquired naval architecture Advanced Production and Loading (APL AS), a
and ship design company Conan Wu & Associates wholly-owned subsidiary of BW Off shore, has secured
Pte Ltd (CWA), headquartered in Singapore. The a contract with Samsung Heavy Industries of Korea,
price of the deal is €23 million (approximately for the delivery of shipboard equipment packages for
US$32 million), and includes partnership Liquefi ed Natural Gas FPSOs (FLNG).
agreements regarding CWA’s business in Malaysia, APL focuses its company activities in the
China and Hong Kong. An additional amount will development, fabrication and sale of turret
be paid based on the performance of the business mooring systems and its company headquarters
in the years 2008-10. are in Kolbjørnsvik, Norway.
The acquisition of CWA demonstrates Wärtsilä’s Th e fi rm order is for four shipboard equipment
commitment to becoming the market leader for packages with an option for an additional package. Th e
providing ship design services in the areas of contract is valued at between US$90-100 million.
offshore, special vessels and selected merchant Th e end client for the contract is Flex LNG, which
vessels to name a few. The acquisition of CWA has already entered into turnkey contracts with
helps Wärtsilä to expand into new geographical Samsung Heavy Industries for the FLNG topsides and
areas for its ship design services. vessels for delivery from 2011 onwards.
Flex LNG is the only company to date that has fi rm
orders for fl oating liquefi cation units, with orders for
four vessels, each capable of producing 1.7million
tonnes per year.
The shipboard equipment packages will be
delivered between 2009 and 2011.
Carl K Arnet, chief executive officer of BW
Off shore, commented: “Th e prospects for the FLNG
market are looking very promising, and this contract
confi rms our technological strength and ability to
take on new business also within this area.”
Contract
Drilling equipment
contracts for Aker
Aker Solutions has been awarded two contracts
FP Propeller manufactured at the Ship Power unit by Daewoo Shipbuilding and Marine Engineering
of Wärtsilä. Co. Ltd (DSME), Korea, for the delivery of drilling
equipment packages.
Th e packages consist of engineering, equipment
CWA specialises in naval architecture and ship deliveries and commissioning services for two ultra-
design services to ship builders and owners. Its deepwater drillships. This contract reflects Aker
core competence is in the design of offshore vessels Solutions’ value of its drilling equipment and supports
and tugs, as well as barges and smaller merchant its corporate goal for growth and development within
vessels. Chairman of CWA Pte Ltd, Dato Conan the drilling equipment segment.
Wu, said: “Being a part of Wärtsilä will allow CWA Th e total value of the contracts is approximately
to realise its huge potential, both in Asia as well as US$235 million. Th e scheduled delivery date for the
in other markets. This deal is a great opportunity drillships is the second quarter and fourth quarter of
to further develop our know-how and our business 2011 respectively.
on a global scale.” Th is follows an earlier contract awarded to Aker
CWA will be integrated into Wärtsilä Solutions from DSME for delivery of a deepwater
Ship Design within the company’s Ship Power drilling riser system. Th e 7500ft (2.28km) system is to
business. be used for a semi-submersible drilling rig currently
6 Offshore Marine Technology 4th Quarter 2008
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