Wartsila to support NYK LNG carrier

Finland’s Wartsila said it has signed a long-term asset performance agreement with a unit of Japan’s shipping giant NYK for one of the latter’s liquefied natural gas (LNG) carriers.

Wartsila secured the 15-year deal with NYK LNG Ship Management in March this year, according to a statement on Thursday.

It includes the engines and related equipment for the LNG carrier in order to maximize the ship’s uptime while providing long-term cost predictability, and optimized maintenance costs, Wartsila said.

These include the vessel’s three Wartsila 50DF dual-fuel engines, as well as the gas valve units (GVU) and turbochargers.

Wartsila said that it already supports two of NYK’s sister LNG carriers under similar agreements.

The tech firm revealed in January a 13-year optimized maintenance agreement for one LNG carrier, and 15-year deals for two NYK LNG tankers in March last year.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Wartsila to support GasLog’s LNG carrier quintet

A unit of Finland’s Wartsila has signed a deal with Greek shipowner GasLog to support the latter’s five liquefied...

Monjasa in UAE LNG bunkering move

Monjasa said on Wednesday it introduces the UAE’s first dedicated LNG bunkering vessel, Green Zeebrugge. Previously known as Engie Zeebrugge,...

Japan’s NYK adds newbuild LNG carrier to its fleet

South Korea's Samsung Heavy Industries delivered the 174,000-cbm Quest Kirishima on Monday. NYK said the vessel will be deployed under...

NYK’s LNG-powered bulker wraps up sea trials in China

NYK's LNG dual-fuel bulker has completed its sea trials in China, according to shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS). CSSC's SWS...