Wärtsilä has signed a long-term Technical Management Agreement to optimise the performance of ten of the Spanish company Albacora S.A.'s fishing vessels. The 5-year agreement was tailored to meet the requirements of Albacora's fleet management, providing technical assistance and maintenance planning for fishing vessels operating around the world, the company said in its press release.
Wärtsilä has previously provided Albacora with engines and propulsion systems as well as seals and bearings. The new agreement includes monitoring of the equipment as well as yearly audits, which together provide ship condition data that serves as the basis for enhanced maintenance planning, leading to maximised availability. Wärtsilä's Contract Management supports scheduled and unscheduled maintenance planning, and field service experts are available globally should any problems occur. Spare parts are also included in the agreement.
The Spanish Albacora S.A. is specialised in fishing, including transportation, storage, distribution, marketing and packaging of its products. The company was founded in 1974 with offices in Bermeo, Bilbao, Madrid, and Cadiz. Albacora's fishing vessels operate in Central and Western Pacific, Eastern tropical Pacific, the Atlantic, and the Indian Ocean, which means that support services must be available globally at short notice.
Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.