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2015-09-28

Wärtsilä Oyj Abp: Wärtsilä to optimise the performance of GasLog's LNG carriers

Wärtsilä Corporation, Press release, 28 September 2015 at 10.30 am EET

Wärtsilä, the marine industry's leading solutions and services provider, has
signed an extensive Maintenance Agreement with the GasLog LNG Services
Limited to ensure the reliability of operation of GasLog's seven LNG
carriers, each having a cargo capacity of 155,000 cbm. The agreement was
signed in the first quarter of 2015 and its duration is from 3 to 5 years.

The demand for predictive analytics and advisory services is increasing. By
analysing the data collected from GasLog's vessels, Wärtsilä is able to
provide valuable information regarding the condition of the equipment, which
enables GasLog to optimise maintenance and asset performance.

Utilisation of the data collected via satellite allows GasLog to maximise
intervals between maintenance periods, streamline logistics for spare part
deliveries and ensure that main generating engines are operating optimally
thereby lowering operating costs and minimising fuel consumption. This will
assist GasLog in ensuring minimal emissions and as such, lowering the
environmental impact.

The broad range of services offered to GasLog under this agreement includes
proactive condition based maintenance, maintenance management services,
performance monitoring and remote online support that enhances the safe and
reliable operation of GasLog's vessels. Workshop services for all 28 Wärtsilä
50DF dual-fuel engines are covered by the agreement as well.

"We have been extremely pleased with Wärtsilä's co-operation and are happy to
expand the agreement to cover these LNG vessels. We are certain that both
GasLog and our customers can benefit from optimised availability, increased
lifecycle efficiency and in turn, reduced operating costs. We believe that
Wärtsilä's technology, global presence and local support will help us to
achieve these efficiencies and will ensure that we can continue to meet our
aim of first class customer-service in the chartering of GasLog Vessels,"
says Miltos Zisis, Fleet Manager from GasLog.

"We are proud to deepen our co-operation with GasLog even further. By working
closely together we can fully utilise the benefits that increased online
services will bring to the optimisation of marine maintenance services. For
example, with remote online support, the crew can keep the operational
performance of the engines at optimal levels, thus increasing the efficiency
of these vessels, no matter where in the world they are operating," says
Yiannis Christopoulos, Service Unit Director, Greece and Cyprus, from
Wärtsilä.

Link to image

Caption: GasLog's Santiago vessel in operation.

For further information, please contact:
Yiannis Christopoulos
Service Unit Director, Greece and Cyprus
Wärtsilä Corporation
yiannis.christopoulos@wartsila.com

Tel: +30 210 4135450

Veikko Lepistö
General Manager, Sales, Marine Agreement, South Europe&Africa Area
Wärtsilä Corporation
veikko.lepisto@wartsila.com

Tel: + 358 10 7093168

Ms Hanna Viita
Director, Marketing
Wärtsilä Corporation
hanna.viita@wartsila.com

Tel: +358 40 167 1755

Wärtsilä Services in brief

Wärtsilä Services creates lifecycle services for its customers, enhancing
their business - whenever, wherever. We provide industry's broadest range of
services for both shipping and power generation. Our solutions range from
spare parts and basic support to ensuring maximised lifetime, increased
efficiency and guaranteed performance of customer's equipment or installation
- in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximizes the environmental and economic performance of
the vessels and power plants of its customers. In 2014, Wärtsilä's net sales
totalled EUR 4.8 billion with approximately 17,700 employees. The company has
operations in more than 200 locations in nearly 70 countries around the
world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com

Wärtsilä Newsroom

GasLog in brief

GasLog is an international owner, operator and manager of LNG carriers.
GasLog's fully-owned fleet includes 22 LNG carriers and GasLog has four LNG
carriers operating under its technical management for third parties. GasLog
Partners LP, a master limited partnership formed by GasLog, owns a further
five LNG carriers. GasLog's principal executive offices are at Gildo Pastor
Center, 7 Rue du Gabian, MC 98000, Monaco.
www.gaslogltd.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire

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