Wärtsilä Receives 2 New Orders For Its LNG Cargo Handling System

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  • 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.

South Korean shipyard Hyundai Mipo Dockyard (HMD) has awarded Wärtsilä a contract for LNG cargo handling and fuel systems for two Shell-chartered LNG bunkering vessels, reports Riviera Maritime Media.

US$55M worth time charter

HMD is building the 18,000 m3 capacity LNG bunker vessels for South Korean shipowners Pan Ocean and Korea Line LNG. In April, Pan Ocean entered into a time charter agreement with Shell NA LNG, worth an estimated US$55M that would start in May 2023. Including a firm contract and two extension options, the charter period could be for eight years. Shell NA would use the LNG bunker vessel in the Gulf of Mexico.

In 2021, Korean Line signed a long-term contract with an LNG supplier in Asia. As part of its LNG carrier fleet, Korean Line owns two 7,500 m3 LNG bunker vessels, SM Jeju LNG1 and SM Jeju LNG2, built in 2019 and 2020, respectively, which operate in South Korea.

LNG as sustainable fuel

With LNG being increasingly used as an environmentally sustainable fuel for the global fleet, there is a growing need for specialised LNG bunkering vessels (LNGBVs).

“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,” said Wärtsilä Gas Solutions sales manager Harald Øverland.

The complete Wärtsilä solution selected for these orders includes the system engineering and design, the boil-off gas management control with an integrated fuel supply system, and the custody transfer system. The equipment is scheduled for delivery to the yard during H1 2022.

  • These two LNG bunker vessels are part of a rapidly growing LNG bunkering infrastructure.
  • There are now 31 LNGBVs in operation and another 23 on order or under construction.

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Source: Riviera Maritime Media