Wärtsilä and Samsung to develop shuttle tankers

Apr 05 2019

Wärtsilä and Samsung Heavy Industries (SHI) have signed a Joint Development Project (JDP) agreement to establish a more efficient solution for LNGCs and shuttle tankers.

Overall cost optimisation, including both CAPEX and OPEX, is among the aims. The agreement was signed on 3rd April at the LNG19 exhibition in Shanghai.

It is expected that the agreement, which provides a level of equality that is greater than in normal shipyard/supplier relationships, will benefit both parties and the industry as a whole, since it gives valuable opportunities for important co-creation, the companies explained.

“At Wärtsilä we are committed to creating greater efficiencies, better environmental sustainability, and improved safety for our customers. The joint development with SHI will support this commitment. SHI is a major high-tech, high-value shipbuilder with a number one newbuilding share in various vessel markets. We are, therefore, delighted to be partnering with them in a project that will ultimately benefit owners and operators around the world,” said Timo Koponen, vice president, processing solutions, Wärtsilä Marine.

“We look forward to working with Wärtsilä to co-develop LNG carriers and shuttle tankers with improved efficiency. We are both market leaders in our spheres, and this joint development underscores the mutual respect and appreciation that we have for each other’s knowledge and experience,” added Jin-Taek Jung, SHI’s executive vice president, engineering & procurement operations..


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