W?rtsil?, the marine industry?s leading solutions provider, and its South Korean partner Hyundai Heavy Industries, Engine and Machinery Division, have signed a 10- year extension to their licence agreement to build W?rtsil? low-speed engines. The agreement was signed at a ceremony held in Ulsan and covers the period from 2012 to 2021.

Hyundai Heavy Industries (HHI), a part of the biggest shipbuilding cluster in the world, has through its Engine and Machinery Division been a licensee of W?rtsil? since 1975. During these 37 years, the total power volume of the W?rtsil? licensed engines built by HHI exceeds 22,800 mw. Under the terms of the newly signed agreement, HHI is licensed to manufacture and sell the full range of W?rtsil? RTA, RT-flex, and X-series low-speed marine diesel engines within its specified territory.

?We are pleased to renew our licence agreement with HHI, which is the world?s largest marine engine builder and our long-standing business partner in South Korea. With the renewed agreement, we have a strong platform for intensifying our fruitful co-operation, and promoting our products for the future generation of ocean-going merchant ships,? said Martin Wernli, President, W?rtsil? Switzerland and Vice President, Product Centre, 2-stroke.

W?rtsil? is a global leader in complete lifecycle power solutions for the marine and energy markets.