Wärtsilä Guaranteed Asset Performance agreement designed to maximise uptime for NYK LNG Carrier

Wärtsilä Corporation, Trade press release 2 June 2022 at 10:30 UTC+2
  • NYK LNG Ship Management will benefit from premium services provided by the Wärtsilä Expertise Centres. © Wärtsilä Corporation

The technology group Wärtsilä has signed a long-term Guaranteed Asset Performance Agreement with Japan-based NYK LNG Ship Management. The agreement was signed in March 2022 and is valid for 15 years. It covers the engines and related equipment for an LNG Carrier vessel, and is designed to maximise the ship’s uptime while providing long-term cost predictability, and optimised maintenance costs.

One of the features of the agreement is Wärtsilä’s unique Expert Insight digital predictive maintenance solution. By leveraging artificial intelligence (AI) and advanced diagnostics, the service enables onboard equipment and systems to be monitored in real-time onshore. Should anomalous behaviour be detected, it is flagged to specialists at Wärtsilä Expertise Centres automatically, allowing them to support the customer proactively with an appropriate resolution to the issue.

Wärtsilä will also provide its Dynamic Maintenance Planning solution. This innovation takes advantage of Wärtsilä’s extensive experience and capabilities in digitalisation and analytics to optimise major overhaul intervals, without compromising reliability or engine efficiency while also guaranteeing maintenance costs.

“Our remote operational support capabilities represent a benchmark for the industry and allow us to provide the level of support our customers need in today’s operating environment. Agreements such as this are an integral element within Wärtsilä’s lifecycle support approach,” says Henrik Wilhelms, Director Agreement Sales at Wärtsilä.

The agreement covers the vessel’s three Wärtsilä 50DF dual-fuel engines, as well as the Gas Valve Units (GVU) and turbochargers. Two of NYK’s sister LNG Carriers are supported by similar Wärtsilä agreements.

Media contact for more information on this release:

Simone Greene
Communications Manager
Wärtsilä Marine Power
Tel: +39 342 072 5119

Image caption: NYK LNG Ship Management will benefit from premium services provided by the Wärtsilä Expertise Centres. © Wärtsilä Corporation

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.

Wärtsilä Marine Power in brief
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our broad portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems delivers the efficiency, reliability, safety, and environmental performance needed to support our customers. Our offering includes performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise.

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 their environmental and economic performance. Our dedicated and passionate team of 17,500 professionals in 200 locations in more than 70 countries shape the decarbonisation transformation of our industries across the globe. In 2021, Wärtsilä’s net sales totalled EUR 4.8 billion. Wärtsilä is listed on Nasdaq Helsinki.