Technology group Wärtsilä has signed a five-year Lifecycle Agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management (“Capital Gas”). By applying Wärtsilä’s Operational Support service and performance optimisation services, the agreement will deliver enhanced reliability, greater efficiency, minimised climate impact, and operational certainty for the vessels. The seven ships are powered by WinGD X-DF two-stroke, dual-fuel main engines. The order was booked by Wärtsilä in Q3 2024.
In today's legislative and economic environment, shipowners and operators are increasingly looking for support in maximising efficiency and use of their assets. For LNG Carriers in particular, which have limited opportunities for unscheduled stops and downtime, they are specifically looking to safeguard the reliability of their vessels.
The agreement with Wärtsilä will help Capital Gas to optimise the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools. It will allow Wärtsilä experts to directly monitor the vessels’ systems and employ advanced diagnostic tools to support the crew with troubleshooting activities and rapid fault resolution. Furthermore, the agreement will help Capital Gas minimise OPEX and lifecycle costs by enabling preventive interventions that can avoid the need for later expensive repairs and on-site visits.
“The agreement’s combination of technology, high-quality spare parts delivery, and the expert support from Wärtsilä’s Expertise Centres, as well as its global network of workshops and qualified engineers will deliver the operational reliability and certainty that we need to maximise the uptime of these vessels,” says Miltos Zissis, Managing Director, Capital Gas Ship Management Corp.
Wärtsilä and Capital Gas have established a close working relationship over the last few years. In June 2022, the two companies signed an agreement to partner in developing a Fleet Decarbonisation Programme, a tailored version of Wärtsilä’s Decarbonisation Service initiative. The programme is designed to develop an optimal means for achieving the greenhouse gas reduction targets set by Capital Gas.
“The future of the marine market is becoming more and more complex which is why we are pleased to continue to support Capital Gas with its sustainability goals. Our agreement has been tailored to meet the specific needs of Capital Gas; to optimise performance and reliability and ensure these vessels can deliver value throughout their lifecycle,” explains Rajeev Janardhan, Sales Manager, Two-Stroke Engine Lifecycle Solutions, Wärtsilä Marine.
Media contact for more information on this release:
Isabella Alder
Positioning and Strategic Communications Manager Wärtsilä Marine
Tel: +44 (0) 7792 681 757
marine.media@wartsila.com
Image caption: Wärtsilä has signed a five-year Lifecycle Agreement with Capital Gas which will deliver enhanced reliability, greater efficiency, minimised climate impact, and operational certainty for seven LNG Carrier vessels. © Capital Gas Ship Management
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Wärtsilä Marine in brief
Wärtsilä Marine is a global pioneer in power, propulsion and lifecycle solutions for the marine market. We develop industry-leading technologies, advancing maritime's transition to new fuels. We support building an end-to-end digital ecosystem where all vessels and ports are connected. Ultimately, Wärtsilä Marine is driving the shipping industry forward on its journey towards a decarbonised and sustainable future through our broad portfolio of engines, propulsion systems, hybrid technology, exhaust treatment, shaft line solutions and digital technologies, as well as integrated powertrain systems. Our offering, which is underpinned by our performance-based agreements, upgrades, lifecycle solutions, decarbonisation services, as well as an unrivalled global network of maritime expertise, delivers the efficiency, reliability, safety, and environmental performance needed to support a safe and sustainable future for our customers, our communities and our planet.
www.wartsila.com/marine
Wärtsilä in brief
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
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