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Wärtsilä & Seapeak Renew Lifecycle Agreement

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Kate Rainford

Kate is our Junior Writer at Tank Storage Magazine

Technology group Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow), one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels.

The global demand for LNG is rising, which is driving a need for fewer maintenance interventions in LNG Carriers in operation. This is especially key as the vessels under this service agreement operate in a highly dynamic and fast-moving market environment, with ongoing challenges around predicting vessel schedules and voyage times. The new agreement, which is based on 72,000 running hours, is designed to increase the engines’ time between overhauls to 30,000 operating hours. The enhanced maintenance performance enabled by this agreement will result in a new level of support for the operator.

Andrea Morgante, vice president, performance service at Wärtsilä Marine says: ‘Optimal maintenance procedures for the ship’s engines and equipment add considerable value through enhanced efficiency and reduced operating costs. Wärtsilä’s lifecycle support approach, as illustrated by our tailored maintenance agreements, is a central pillar in our efforts to increase efficiencies and add greater sustainability to our customers’ operations.’

The scope of the agreement includes remote 24/7 operational support from Wärtsilä experts, Dynamic Maintenance planning, Wärtsilä’s predictive maintenance service Expert Insight, scheduled spare parts, and field service for larger and more complex issues. Wärtsilä will also provide a full-time Contract Manager in Seapeak’s Glasgow office.

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