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Wärtsilä and Samsung Heavy form LNG partnership

South Korean shipyard Samsung Heavy Industries and Wärtsilä are creating an LNG partnership.

Photo: Samsung Heavy Industries

Samsung Heavy Industries and Finnish manufacturer Wärtsilä will further co-develop LNG as a marine fuel.

The two parties have just signed a joint development agreement to create a more efficient solution for LNG ships and tankers that transport LNG from oil fields to further processing. The cooperation will focus particularly on cost optimization, both on CAPEX and OPEX, Wärtsilä writes in a statement, adding that a "strong LNG carrier newbuilding market" is a significant project factor.

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