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Wed 3 Nov 2010, 06:43 GMT

Agreement to develop energy efficient ships

Finnish firm Wärtsilä and leading Russian shipbuilder United Shipbuilding Corporation have signed a Memorandum of Understanding. Both parties have expressed the mutual interest to establish joint set-ups in the areas of developing modern ship designs and manufacturing of propulsion systems.

The long-term strategic partnership between United Shipbuilding Corporation and Wärtsilä is aimed to combine the joint expertise of both companies to meet customers' challenging requirements in building of modern and energy efficient vessels.

Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. The company's first representative office in Russia was established in 1979. Today, Wärtsilä Vostok LLC employs more than 130 people in its St. Petersburg head office and its branch offices in Moscow, Vladivostok and Murmansk.

United Shipbuilding Corporation is the company formed to integrate the major Russian shipbuilding and ship repair yards,

Deal   Wärtsilä   Finland  Russia 
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