Wärtsilä receives further orders for its LNG cargo handling system

Wärtsilä Corporation, Press release, 23 June 2021 at 10 AM EEST

The technology group Wärtsilä has received two more orders for its complete LNG cargo handling and fuel system. The contract has been awarded by Hyundai Mipo Dockyard, the yard building two LNG bunkering vessels for which the Wärtsilä systems will be required. The 18,000 cbm capacity ships have been ordered by Korea based owners Pan Ocean and Korea Line LNG. The order with Wärtsilä was placed in May.

With LNG being increasingly used as an environmentally sustainable fuel for the global fleet, there is a growing need for specialised LNG bunkering vessels. Wärtsilä has extensive experience and deep know-how in designing and delivering advanced cargo handling systems for such vessels.

“We see an increasing adoption of LNG as fuel, and we are very pleased to have been selected for this project, which allows us to continue our role in developing the LNG infrastructure throughout all regions. Our unrivalled experience and market leading position in the small-scale LNG segment and LNG bunkering designs was a key factor in securing these new orders,” explained Harald Øverland, Sales Manager, Wärtsilä Gas Solutions.

The complete Wärtsilä solution selected for these orders includes the system engineering and design, the boil-off gas (BOG) management control with an integrated fuel supply system, and the custody transfer system. The equipment is scheduled for delivery to the yard during the first half of 2022.

Wärtsilä Gas Solutions is a market leader with innovative systems and lifecycle solutions for the gas value chain. Our main focus areas are the 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 a focus on lifecycle, innovation and digitalisation.

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Image caption: Pan Ocean and Korea Lines’ new 18,000 cbm LNG bunkering vessels will feature Wärtsilä’s advanced cargo handling system. © Wärtsilä

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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