Technology group Wärtsilä has signed an eight-year Guaranteed Asset Performance agreement with Japanese operator NYK LNG Ship Management. The agreement covers the two Wärtsilä X72DF main engines on an LNG Carrier vessel and is designed to maximise the vessel availability and ensure its operation from dry dock to dry dock. This is achieved by guaranteeing the maximum time between overhauls. This guarantee ensures the safe and reliable operation between docks and minimises the impact of the maintenance on the vessel availability. The improved availability results in increased vessels earnings with the lowest maintenance cost. Furthermore, the performance guarantee ensures operational efficiency with minimal emissions. The contract was booked as order intake by Wärtsilä in March 2023.
In addition to spare parts and field service, the scope of the long-term agreement includes remote operational support, maintenance planning, and Wärtsilä’s unique Expert Insight predictive maintenance service. Expert Insight utilises artificial intelligence (AI) and rule-based advanced diagnostics to continuously monitor operating data. This secures asset availability by preventing potential problems before they occur.
“We are proud to have again been selected by NYK and look forward to continuing our long partnership with them. The Guaranteed Asset Performance agreement is the highest-level service contract within our Lifecycle Support strategy,” says Henrik Wilhelms, Director, Agreement Sales, Wärtsilä Marine Power. “It is designed to maximise the vessels fuel efficiency and overall performance in order to lower operating costs and reduce carbon footprint.”
Wärtsilä Guaranteed Asset Performance Agreements ensure a vessel’s operational reliability, performance and availability. Quantifiable performance targets are mutually agreed based on the customer’s business needs, and Wärtsilä guarantees that these targets will be reached and maintained. The measurable indicators can include, for example, uptime, reliability, fuel consumption, emissions and overhaul duration.
Media contact for more information on this release:
Positioning and Strategic Communications Manager
Wärtsilä Marine Power
Tel. +44 (0)7792 681 757
Image caption: The scope of the long-term agreement includes remote operational support, maintenance planning, and Wärtsilä’s unique Expert Insight predictive maintenance service. © Wärtsilä Corporation
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 more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä’s net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.