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Wilhelmsen Technical Solutions secures landmark inert gas generator order in LNG sector

News Release Wilhelmsen Maritime Services AS February 17, 2012
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<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: ">Oslo,
February 15, 2012. Wilhelmsen Technical Solutions has received a landmark order
to supply inert gas generator systems for five LNG carriers under construction
in South Korea.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: ">Wilhelmsen Technical Solutions&#8217; South Korean office will
fulfil the orders for five LNG newbuildings at Hyundai Heavy Industry (HHI) for
Greek owner Dynagas, delivering Nitrogen (N2) generator systems of 2 x 150
nominal cubic meter per hour @ 97%.</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: ">These
orders further improve Wilhelmsen Technical Solutions&#8217; market penetration for
LNG carriers and reinforce the competence and experience of the company in this
fast-growing shipping segment. In total, the company has around 600 </SPAN><SPAN
style="FONT-FAMILY: ">customer references for its inert gas systems
worldwide.</SPAN><SPAN style="FONT-FAMILY: "></SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: ">The
contract was secured by a combination of experience, knowledge and the
application of a unique Unitor-Generon technology solution. Generon, the
technology provider behind the system has created its own </SPAN><SPAN
style="FONT-FAMILY: " lang=EN-US>proprietary hollow fiber membrane for air
separation, which has proven to be one the most efficient in the market.
This</SPAN><SPAN style="FONT-FAMILY: " lang=EN-US> </SPAN><SPAN
style="FONT-FAMILY: ">technology prolongs the service life of the internal
membranes, reducing in-service costs for shipowners. </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN style="FONT-FAMILY: ">Bernd
Bauer, Wilhelmsen Technical Solutions VP Business Solutions said: </SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt 36pt" class=MsoNormal><SPAN
style="FONT-FAMILY: ">&#8220;This contract with Hyundai Heavy Industries and Dynagas
means we can provide our customers with an even better level of service and
expertise in the LNG sector. References are an important factor in selection of
key components and shipowners and shipbuilders can be confident that our company
has the experience and depth of knowledge to best serve their needs.&#8221;</SPAN></P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: "></SPAN>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt" class=MsoNormal><SPAN
style="FONT-FAMILY: ">Wilhelmsen Technical Solutions has been supplying its
Unitor-Generon Nitrogen membrane inert gas system to operators of chemical and
gas tankers, offshore supply ships and reefers since the late 1980s. The
Unitor-Generon system is used to provide the highest level of safety and
security for valuable cargoes, with an application range from small topping-up
generators to large total inert gas systems.</SPAN></P></DIV></BODY></HTML>