The Finnish technology group Wärtsilä, and GTT, the designer of cryogenic membrane containment solutions for liquefied gases, announced that they have reached a cooperation agreement to explore potential business opportunities in the marine sector in relation to LNG.
Namely, the agreement was finalized at the Marintec conference and exhibition in Shanghai, China on 5 December and aims to explore the collaboration of the two companies in LNG storage, fuel gas supply systems, and associated services that will benefit both shipyards and vessel owners.
Shipyards will benefit from this collaboration, as the mechanical and process system interfacing between the LNG fuel storage tank and the engines is designed within a single unified system philosophy, resulting in reduced project risk, and procurement cost and time savings through having access to one-stop-shopping, Wärtsilä said in an announcement.
Wärtsilä and GTT will also supply ship owners and operators with smart marine solutions, allowing the exchange of onboard system data and enabling remote support optimisation and assistance for the LNG fuel gas supply system.
Membrane type LNG fuel tanks aims to provide volume optimisation, thus allowing for more fuel space on board the vessel or improved autonomy between bunker operations.
Timo Koponen, Vice President, Flow & Gas Solutions, Wärtsilä Marine Solutions comments: “We are delighted to be partnering with GTT, a company which is known for its high quality products. This cooperation agreement is part of Wärtsilä Gas Solution’s strategy of ‘forming the future of gas’, aimed at making a solid contribution to increased sustainability and greater operational efficiency for gas-fuelled vessels.”