Wartsila, Capital Gas ink LNG carrier maintenance deal

Finland’s Wartsila has signed a lifecycle agreement with Greece's Capital Gas Ship Management for seven liquefied natural gas (LNG) carriers.

According to Wartsila, the five-year deal was booked in the third quarter of this year.

Warstila did not provide the contract price.

The seven 174,000-cbm ships are powered by WinGD X-DF two-stroke, dual-fuel main engines.

Under the deal, Wartsila will help Capital Gas optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.

It will allow Wärtsilä experts to directly monitor the vessels’ systems and employ diagnostic tools to support the crew with troubleshooting activities and rapid fault resolution.

Furthermore, the agreement will help Capital Gas minimize OPEX and lifecycle costs by enabling preventive interventions that can avoid the need for later expensive repairs and on-site visits, Wartsila said.

Prior to this deal, Evangelos Marinkais-led Capital Gas joined forces with Wartsila in October 2022 to further slash emissions from its managed fleet of six LNG carriers.

Capital Gas’s managed fleet includes 18 LNG carriers owned by Capital Clean Energy Carriers (CCEC), previously known as Capital Product Partners.

In November last year, CCEC entered into an umbrella agreement to buy 11 more LNG carriers from its sponsor Capital Maritime & Trading Corp for a total acquisition price of $3.13 billion.

It entered into the deal with Evangelos Marinakis-led Capital Maritime and its general partner Capital GP.

CCEC recently said five of these vessels are already on the water and the remaining six vessels are expected to be delivered between the first quarter of 2026 and the first quarter of 2027.

The company recently took delivery of three new LNG carriers in South Korea.

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