Wärtsilä’s lead in Cargo Handling Systems continues with contract for four new VLAC vessels

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Wärtsilä Corporation, Press release, 22 October 2024 at 11 AM EEST

Wärtsilä Gas Solutions, part of technology group Wärtsilä, continues to strengthen its position as a market-leading supplier of advanced cargo handling systems. The latest contract is for four new 93,000 m3 capacity Very Large Ammonia Carrier (VLAC) vessels being built for Greek owner Naftomar. The contract has been placed by the Korean shipyard, Hanwha Ocean Co (formerly Daewoo Shipbuilding and Marine Engineering), and was booked by Wärtsilä in Q3 2024.

Wärtsilä's cargo handling systems are modern and proven technology and a result of decades of pioneering work in gas solutions. With safety and efficiency as priorities, they are also designed to contribute to reducing operating costs and GHG emissions as well as to an improved vessel EEDI.

”We are very happy to work with Wärtsilä again. Through our previous collaborations, we can be confident these systems are the best possible choice for these vessels,” says Mr. Lee, Team Leader of Basic Design Team, Hanwha Ocean Co.

“We have a long and positive relationship with Hanwha and have recently finalised the delivery of equipment for 12 vessels for them. We are also pleased to renew our relationship with Naftomar. These repeat orders give a clear indication of the confidence our customers have in the Wärtsilä cargo handling systems, and are the reason behind our unparalleled market position,” comments Patrick Ha, Sales Manager, Wärtsilä Gas Solutions.

The Wärtsilä equipment is scheduled for delivery to the yard commencing in Q1 2025.

Media contact for more information on this release:

Elin Saure Hasund
Sales & Marketing Coordinator
Wärtsilä Gas Solutions
Tel: +47 91721144
elin.saurehasund@wartsila.com

Image caption: Wärtsila Gas Solutions will supply cargo handling system for four new 93k very large ammonia carriers built at Hanwha Ocean. © Wärtsilä

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Wärtsilä Gas Solutions in brief
Wärtsilä Gas Solutions, part of Wärtsilä Portfolio Business, 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 maritime (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. We help our customers on their journey towards a sustainable future through a focus on lifecycle performance, innovation and digitalisation.
Gas solutions (wartsila.com)

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 environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

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