Prestige adds two more cruise ships to Wärtsilä plan

JUNE 27, 2014 — Two vessels have been added to the five-year maintenance agreement between Wärtsilä and U.S.-based Prestige Cruise Holdings, Inc. (Prestige), the parent company of Oceania Cruises and Regent Seven Seas Cruises. The agreement now covers eight cruise ships with a total of 35 Wärtsilä engines.

The agreement, signed in 2012, is one of the most comprehensive yet for the cruise industry. The depth and scope covers proactive planning by both companies working in cooperation. It also involves dedicated teams from both parties, which will work closely together to ensure maximized lifetime, reduced operational costs and optimal performance of the Prestige fleet.

The broad scope of services that are provided under this agreement include maintenance planning, technical surveys, condition monitoring, spare parts supply, training and workshop services. This agreement ensures the certainty of Prestige’s operations by transferring the responsibility for maintenance of its vessels to Wärtsilä. It also increases Prestige’s financial predictability by covering maintenance planning and service with fixed prices.

"We have been very satisfied with our cooperation with Wärtsilä. Wärtsilä has displayed their ability to deliver the value that they promised in the agreement, providing us the peace of mind through risk sharing and a streamlined cost structure," says Robin Lindsay, Executive Vice President, Vessel Operations, Prestige Cruise Holdings.

"The purpose of maintenance agreements is to enable customers to focus on their core business. We are very pleased that Prestige sees the added value in this agreement with Wärtsilä and has chosen to add two more vessels," says Sean Carey, General Manager of Contract Management, Wärtsilä North America, Inc.