Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
Friday, Oct 20, 2017
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.

For more information, please visit: https://www.wartsila.com
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