Wärtsilä and COSCO Shipbuilding Marine Technology (WECOSCO) have signed a manufacturing licence agreement, to manufacture ballast water management system (BWMS).
With this agreement, COSCO will gain access to technology and the rights to produce Wärtsilä Aquarius Electro Chlorination (EC) BWMS under licence, for application on ships in the global marine market.
Wärtsilä ship power BWMS director Dr Joe Thomas said: "This is a landmark agreement forming an important new partnership, which facilitates the supply of Wärtsilä 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."
However, Wärtsilä will retain ownership of the Aquarius EC technology and all associated intellectual property rights.
Wärtsilä’s BWMS product will be supplied with type approvals in compliance with IMO and USCG legislations.
WECOSCO chairman Jia Lianjun said: "The agreement, which has a representative meaning for both of us, is a good foundation for our further cooperation."
This deal has a five-year initial term, allowing the companies to collaborate on delivering the BWMS technology to a broader customer base and provide long-term global service support and sales.
In March, Wärtsilä received an order to provide its Aquarius UV BWMS to eight 33,000dwt chemical tankers in Asia.
Image: COSCO and Wärtsilä representatives sign licence agreement. Photo: courtesy of Wärtsilä.