Wärtsilä Corporation, Press release, 31 March 2023 at 9.00 AM EEST

Technology group Wärtsilä has again been contracted by the Hyundai Heavy Industries (HHI) shipyard to supply the Cargo Handling and integrated Fuel Gas Supply systems for Very Large Ethane Carrier (VLEC) vessels. This latest order, booked by Wärtsilä in Q1, 2023, is for two VLECs being built for Japanese ship owner Iino Line.

It follows a series of ongoing deliveries of similar newbuild VLEC vessels at HHI. Wärtsilä has had a long-standing relationship with HHI, especially regarding a wide range of gas related products and systems for various types and sizes gas carriers

"We have great respect for Wärtsilä as a provider of high-quality cargo handling and fuel gas supply systems, which are essential elements in the design of these ships. In today's maritime market, close cooperation with trusted partners is increasingly important for ensuring that projects are completed in the most efficient way possible," said Mr. Sangryul Kim, Vice President, Hyundai Heavy Industries.

"It is satisfying to be awarded the order, and we are grateful for the trust shown in our products by HHI. This latest order further strengthens Wärtsilä's position as a market leader in cargo handling and fuel supply systems, and notably for large sized ethane carriers. These are advanced and very specialised vessels requiring advanced and specialised solutions, which we are proud to deliver," commented Harald Øverland, Sales Manager, Cargo Handling and Fuel Supply Systems, Wärtsilä Gas Solutions.

The Wärtsilä equipment is scheduled for delivery to the yard in mid-2024.

Wärtsilä Gas Solutions is a market leader with innovative systems and lifecycle solutions for the gas value chain. Our main focus areas are handling of gas in seaborne transport (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. We help our customers on the journey towards a sustainable future through focus on lifecycle, innovation and digitalisation.

Media contact for more information on this release:

Elin Saure Hasund
Sales & Marketing Coordinator, Gas Solutions
Wärtsilä Marine Systems
Tel: +47 91721144
Elin.saurehasund@wartsila.com

Image caption: Very Large Ethane carrier © Wärtsilä

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.

Wärtsilä Marine Systems in brief:
Wärtsilä Marine Systems supports customers with high quality products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair and electrical integrations. We are committed to providing the latest and most efficient solutions, in line with Wärtsilä's vision for a safe and sustainable future for our customers, our communities and our planet.
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 17,500 professionals in more than 240 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2022, Wärtsilä's net sales totalled EUR 5.8 billion. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

https://news.cision.com/wartsila-corporation/r/wartsila-cargo-handling-and-fuel-gas-supply-systems-continue-to-be-the-choice-for-ethane-carriers,c3744158

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