Wärtsilä Lifecycle Agreement ensures reliable performance
Technology group Wärtsilä has signed a 10-year Lifecycle Agreement with MOL Global Ship Management, a Singapore based ship management company fully owned by Mitsui O.S.K Lines (MOL). The agreement is designed to deliver operational support with reduced engine downtime and increased maintenance flexibility for 12 LNG carriers. The agreement for three of the vessels was booked by Wärtsilä in Q3 2025, with the remaining vessels booked in the first half of 2025.
Gas carrier owners and operators are focused on ensuring safe and smooth cargo transport while navigating key challenges such as market instability, financial unpredictability, vessel complexity, and increasingly stringent environmental regulations. These pressures demand greater operational efficiency, reliability, and sustainability across global operations.
“Wärtsilä’s Lifecycle Agreement will optimise our vessel operations and maintenance, ensuring that we can maximise uptime and performance. In addition, this agreement will play a crucial role in supporting the sustainable operations of our fleet by helping us reduce emissions and operate more efficiently,” comments Namit Mathur, Director, MOL Global Ship Management Pte. Ltd.
Through the new Lifecycle Agreement with Wärtsilä, MOL Global Ship Management will benefit from increased reliability, reduced operational costs, and enhanced confidence in their LNG fleet. The integration of Wärtsilä’s Dynamic Maintenance Planning solution, alongside 24/7 remote operational support and proactive contract management, will ensure flexible maintenance scheduling, extended service intervals, and lower spare parts consumption, guaranteed service engineers’ availability, offering seamless oversight of vessel condition and performance.
With Expert Insight – Wärtsilä’s advanced predictive maintenance solution powered by real-time vessel data – potential issues can be anticipated and addressed before they affect operations, thereby minimising downtime and avoiding unforeseen repairs. The agreement also provides reliable field services that will keep MOL’s vessels operating reliably, efficiently, and sustainably throughout their lifecycle.
“Lifecycle agreements provide shipowners, like MOL, with operational reliability, cost predictability, and optimised maintenance. These benefits support consistently high service standards and enable fulfilment of customer commitments, while also contributing to reduced operational emissions in line with the industry’s decarbonisation goals,” says Henrik Wilhelms, Director, Agreement Sales – of Wärtsilä Marine.
Maximizing Operational Efficiency with Wärtsilä Lifecycle Agreement
MOL is a long-standing strategic customer to Wärtsilä and various ships in their fleet are supported with Wärtsilä agreements. The 12 vessels are new LNG carriers that were delivered during 2024 and 2025. They each operate with two 6-cyclinder and two 8-cylinder Wärtsilä 34DF dual-fuel engines and four Wärtsilä gas valve units (GVU). Catalysators are fitted to reduce emission levels.
Wärtsilä Marine in brief
Wärtsilä Marine is a global pioneer in power, propulsion and lifecycle solutions for the marine market. We develop industry-leading technologies, advancing maritime’s transition to new fuels. We support building an end-to-end digital ecosystem where all vessels and ports are connected. Ultimately, Wärtsilä Marine is driving the shipping industry forward on its journey towards a decarbonised and sustainable future through our broad portfolio of engines, propulsion systems, hybrid technology, exhaust treatment, shaft line solutions and digital technologies, as well as integrated powertrain systems. Our offering, which is underpinned by our performance-based agreements, upgrades, lifecycle solutions, decarbonisation services, as well as an unrivalled global network of maritime expertise, delivers the efficiency, reliability, safety, and environmental performance needed to support a safe and sustainable future for our customers, our communities and our planet.
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 18,300 professionals in more than 230 locations in 77 countries is shaping the decarbonisation of our industries across the globe. In 2024, Wärtsilä’s net sales totalled EUR 6.4 billion. Wärtsilä is listed on Nasdaq Helsinki.
