Wärtsilä inks service agreement with Prestige Cruise Holdings

Wärtsilä has signed a five-year service agreement with U.S.-based Prestige Cruise Holdings, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises.

The long-term service agreement covers six vessels, a total of 27 Wärtsilä engines and has the option to include further vessels in the future. The agreement facilitates the projection of costs associated with the maintenance of Prestige's cruise fleet, while also minimizing the downtime during routine maintenance and overhauls. The agreement provides a broad scope of services, including maintenance planning, spare parts supply, training, technical surveys, condition monitoring, and workshop services.

Wärtsilä says the tailor-made agreement is one of the most comprehensive yet for the cruise industry. The depth and scope of the agreement cover pro-active planning by both companies working in cooperation. It involves dedicated teams from both parties that will work closely together to ensure the optimal performance of the Prestige fleet.

"Wärtsilä's willingness to assume a large part of the service and logistics activities, while offering a streamlined cost structure, provides the peace of mind that comes with knowing that the quality is the very best," says Robin Lindsay, Executive Vice President, Vessel Operations, Prestige Cruise Holdings.

"We are very excited about this agreement that positions Prestige and Wärtsilä on a path for success in a partnership for continuous improvement," says Kourtney Dever, Account Manager, Wärtsilä North America, Inc.

"The premise of the partnership is based on each company focusing on their area of expertise, while fully co-operating with each other to ensure maximum efficiency. The agreement is extremely comprehensive and is one that extends beyond the traditional standard in the marketplace," states Tomas Hakala, Vice President Wärtsilä Services, Americas.

March 15, 2012