Maintenance Agreement with Wärtsilä by an additional five years

25 May 2022

The technology group Wärtsilä has signed a renewal of its Optimised Maintenance Agreement with the Greek shipping company Maran Gas Maritime. The new agreement will run for five additional years, and is designed to ensure operational certainty with controlled and predictable costs for Maran Gas’s fleet of 21 TFDE LNG carrier vessels. The signing took place on May 3, 2022.

The Maran Gas vessels are all powered by Wärtsilä 50DF dual-fuel engines. In addition to maintenance services including scheduled parts and maintenance work for the engines and turbochargers, the agreement will feature all workshop services and a full support package of advanced solutions. These include remote operational support, dynamic maintenance planning, and Wärtsilä’s Expert Insight digital predictive maintenance solution.

“Wärtsilä has efficiently and effectively planned and executed maintenance of these vessels’ engines over the past five years and have provided valuable operational support. We are pleased, therefore, to renew this service for a further five years. The company’s worldwide service support network demonstrates a high level of professionalism, which is important to both us and to our charterers,” says Maria Angelicoussis, President, CEO, Maran Gas.

“The renewal of this particular agreement with Maran Gas is a strong endorsement of the added value brought to our customers through Wärtsilä Lifecycle Agreements. We are delighted to continue providing Maran Gas with our value-adding services for a further five years,” says Roger Holm, President Marine Power, Wärtsilä.

By maintaining the efficiency of the vessels’ engines, environmental impact and fuel consumption is minimised, and component use is maximised. Within the agreement, both companies reaffirm their joint commitment to working to accelerate the decarbonisation of the marine industry. It further states that a net zero-emissions future for shipping can only be achieved through innovative sustainable solutions and technologies, which are essential success factors of the collaborative partnership.

Wärtsilä Marine Power is supporting globally more than 700 vessels with Lifecycle Agreements and 90% of cases are solved remotely.

Maran Gas Maritime is the gas carrier management company for, and part of Angelicoussis Shipping Group (ASGL). ASGLs fleet comprises tankers, bulk carriers, LNG carriers and LPG carrier vessels. The company is a well-respected and long-standing customer of Wärtsilä.


Maria Angelicoussis and Roger Holm at the agreement signing ceremony. © Wärtsilä Corporation.

Wärtsilä Marine Power in brief
Wärtsilä Marine Power leads the industry in its journey towards a decarbonised and sustainable future. Our broad portfolio of engines, propulsion systems, hybrid technology, and integrated powertrain systems delivers the efficiency, reliability, safety, and environmental performance needed to support our customers. Our offering includes performance-based agreements, lifecycle solutions, and an unrivalled global network of maritime expertise. www.wartsila.com/marine

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 their environmental and economic performance. Our dedicated and passionate team of 17,000 professionals in more than 200 locations in 68 countries shape the decarbonisation transformation of our industries across the globe. In 2021, Wärtsilä’s net sales totalled EUR 4.8 billion. Wärtsilä is listed on Nasdaq Helsinki. www.wartsila.com

Wärtsilä Corporation press release