World News
Wärtsilä and GTT Seal Agreement to Cooperate on LNG Fuel Tank and Supply Systems
Wärtsilä Corporation (Wärtsilä) today announced that it has finalised an agreement with Gaztransport & Technigaz S.A. (GTT) to jointly explore business opportunities in the marine sector related to liquefied natural gas (LNG) storage, fuel gas supply systems, and associated services for shipyards and vessel owners.
Under the cooperation agreement, specific attention will be paid to medium to large-size segments and configurations, for which Wärtsilä notes space optimisation is key.
"This cooperation between both companies clearly makes great sense. The industry at large has to find means to speed-up the deployment of LNG-as-a-fuel solutions," said Philippe Berterottière, Chairman and CEO of GTT.
The agreement between the two parties was signed today at the Marintec conference and exhibition in Shanghai, China.
"We are delighted to be partnering with GTT, a company which is known for its high quality products," said Timo Koponen, Vice President of Flow & Gas Solutions and Wärtsilä Marine Solutions.
"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."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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