Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
(Thomson Reuters ONE) -
Wärtsilä Corporation, Press release, 20 October 2017 at 10 a.m. EEST
The technology group Wärtsilä has signed a maintenance agreement with Monaco-
based GasLog LNG Services, covering eight LNG carriers operating on Wärtsilä
dual-fuel engines. The agreement ensures the certainty and predictability of
fleet operations by engaging Wärtsilä in the maintenance and optimisation of the
vessels' engines.
"By analyzing the operating conditions of the ship engines and streamlining
maintenance accordingly, the operative efficiency of GasLog's vessels is
optimized at all times. Instead of concentrating on the theoretical lifetime of
engine components, we monitor their actual condition. By applying real-time
installation data we can strive for optimum lifecycle utilisation of the entire
installation. Overall, I'm very pleased to see how we are extending the close
cooperation between our companies through another long-term partnership
agreement," says Yiannis Christopoulos, Director Service Unit Greece-Cyprus &
Managing Director of Wärtsilä Greece.
The agreement, effective on 1 October 2017, consists of Dynamic Maintenance
Planning (DMP), technical support, secured availability of spare parts and
specialised technical personnel around the clock as well as constant performance
monitoring. Wärtsilä's digital services enable remote troubleshooting and tuning
of engines as well as software updates. Additionally, continuous collection of
performance data allows for detailed analysis which is reported to GasLog on a
regular basis.
The agreement covers eight LNG carriers: four new LNG carriers and a renewal of
services for an additional four LNG carriers. The new agreement expands the
cooperation between Wärtsilä and Gaslog; the two companies have an existing
maintenance agreement in force, signed in 2014, which covers seven more vessels.
Improved reliability and cost control
GasLog is a Monaco-based international owner, operator and manager of LNG
carriers. The company's fleet consists of 27 LNG carriers, 22 of which are in
operation while 5 are on order and will be delivered within the next two years.
"Wärtsilä is a critical contributor to our effort to secure long-term
reliability and efficiency of our vessels' operations and to control and
maintain respective costs in order to be competitive in the LNG market. We
believe that both aspects are addressed in this agreement and we hope to
continue improving our co-operation further," says Theofanis Sallis, General
Manager Operations from GasLog LNG Services.
Images
Caption: GasLog Santiago and GasLog Greece are LNG carriers, which performance
data Wärtsilä monitors 24/7.
Media contacts:
Kostas Balabanis
Manager, Contract Management, Greece & Cyprus
Wärtsilä Services
kostas.balabanis(at)wartsila.com
Tel.+30 6945 803210
Hanna Viita
Director, Marketing
Wärtsilä Services
hanna.viita(at)wartsila.com
Tel: +358 40 167 1755
Wärtsilä Services in brief
Wärtsilä Services provides high-quality lifecycle services that enhance
customers' business. Its broad range of services supports both shipping and
power generation companies, whenever and wherever needed. Solutions range from
spare parts and basic support to ensuring the maximised lifetime, increased
efficiency and guaranteed performance of the customer's equipment or
installation - in a safe, reliable, and environmentally sustainable way.
https://www.wartsila.com/services
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 2016,
Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki, Finland.
https://www.wartsila.com/
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 564527
Anzahl Zeichen: 4892
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business"
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