Amid the growth of the global liquefied natural gas (LNG) market, Swiss company WinGD has entered into a long-term service agreement with OPearl LNG Ship Management. The agreement is for 15 years and covers a fleet of 14 LNG carriers operated by OPearl.
What exactly does the agreement include?
The agreement signed by the two companies is a Long-Term Service Agreement (LTSA), which is a comprehensive maintenance and support contract for the ships’ engines. ship engines.. In it, WinGD commits to provide a
- Spare parts
- On-site technical services (field services)
- 24/7 technical support
- Continuous monitoring of motor performance.
- Predictive and scheduled maintenance planning.
- Training for the ships’ crews.
Why is this agreement important?
The long-term service agreement between WinGD and OPearl LNG Ship Management represents a strategic bet for both companies, with significant implications in a expanding LNG market. expanding LNG market.
For OPearl, the contract ensures operational reliability in an industry where delivery schedules are critical and any delays are extremely costly. In addition, it outsources maintenance management of its most critical engines to the manufacturer, transforming maintenance costs into a predictable and controlled expense.
From WinGD‘s perspective, the contract represents a strong validation of its “Global Service” solution, launched just a few months earlier, while securing a stable, long-term revenue stream in the lucrative after-sales service business.
At the macro level, this agreement is a reflection of the current dynamics of the LNG sector. On the one hand, it evidences the growing global demand driven by the energy transition and the search for security of supply. On the other hand, it consolidates a trend towards full-service agreements, where shipowners and ship managers prioritize logistical efficiency and predictability, delegating technical expertise and maintenance to original manufacturers, such as WinGD.
Source: WinGD