Options taken on additional Knutsen OAS LNG Carriers results in three more Compact Reliq orders for Wärtsilä

Wärtsilä Corporation, Press release, 15 September 2021 at 9.30 AM EEST

The technology group Wärtsilä will supply three reliquefaction plants, the newly developed Compact Reliq, for three new LNG Carrier vessels. The ships are being built at the Hyundai Samho Heavy Industries (HSHI) shipyard in South Korea for Norway-based Knutsen OAS Shipping, and represent options taken following an earlier order for two such vessels. The orders for three more systems were booked in July and August 2021 and the deliveries will take place in the autumn of 2022.

The Compact Reliq was introduced to the market in 2020. It features a compact design for easy installation and maintenance on all sizes of carrier vessels, both large and small. Based on the well-proven reversed nitrogen Brayton cycle refrigeration technology, the solution reliquefies the boil-off gas (BOG) and keeps the cargo cool under all operating conditions. It allows a portion of the BOG to be used as fuel for the ship’s engines, with the excess able to be sold as part of the LNG cargo.

“We have had good experience with Wärtsilä’s reversed nitrogen Brayton cycle reliquefaction plants in the past, and the Compact Reliq is an exciting addition to their portfolio. It makes onboard reliquefaction viable for all sizes of carriers, and is clearly the right choice for our new ships,” said Jarle Østenstad Newbuilding Director, Knutsen OAS Shipping

“We received an order for two systems last year to be delivered to the HSHI yard for installation on Knutsen’s newbuild carriers. There was an option for additional vessels and this option has been taken up with contracts for three new Compact Reliq plants. These are important projects that further strengthen our relationship with both HSHI and Knutsen OAS,” said Pål Steinnes, Sales Manager, Wärtsilä Gas Solutions.

The Wärtsilä solution uses safe and easily obtainable commercial grade nitrogen. It is instrumented for remote monitoring and online operational support as part of Wärtsilä’s Operational Performance Improvement and Monitoring (OPERIM) programme.

Wärtsilä Gas Solutions is a market leader with innovative systems and lifecycle solutions for the gas value chain. Our main focus areas are handling of gas in seaborne transport (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. We help our customers on the journey towards a sustainable future through focus on lifecycle, innovation and digitalization.

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Image captions:

1. The Wärtsilä Compact Reliq © Wärtsilä

2. Knutsen OAS LNGC © KNUTSEN OAS

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 Systems in brief:
Wärtsilä Marine Systems offers high-quality products, solutions, and lifecycle services related to the gas value chain, exhaust treatment applications, seals & bearings, shaftline repair services, underwater services, and marine electrical integrations. Our aim is to provide the latest and most efficient solutions in line with Wärtsilä’s Smart Marine Ecosystem vision for a safer, better, and more sustainable future for our customers.
www.wartsila.com/marine

Wärtsilä in brief:
Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com