Seapeak - Experts & Thought Leaders

Achilles, a pioneer in supply chain risk management solutions, and Procureship, the world’s pioneering e-procurement platform, have agreed on a long-term partnership to enhance the ESG capabilities of the shipping industry’s procurement processes.  The latest agreement will bring efficiencies to the supply chain assessment and purchasing process for Procureship members. Procureship provides streamlined purchasing for more than 100 fleet owners and operators, including BW LNG, Angelicoussis Group, Oldendorff Carriers, Starbulk Group, TB Marine and Technomar. Benefit from standardised processes Achilles Maritime Network provides a forum for shipowners and chiefs to team By leveraging advanced analytics, machine learning tools, and a unique supplier recommendation engine, Procureship simplifies the procurement process between buyers and suppliers. The Achilles Maritime Network provides a platform for shipowners and managers to collaborate, reduce risks, and enhance supply chain visibility while lowering costs and administrative burdens. Suppliers and contractors benefit from standardised processes and pre-qualification, fostering stronger relationships and business growth. Users of the Procureship platform The network supports transparency, sustainability, and responsible business practices in the maritime industry. Members of the Achilles Maritime Network include BW LNG and LPG, Odfjell, Seapeak and Seasourcing. Through this agreement, users of the Procureship platform can access the Achilles service to improve visibility of their suppliers’ sustainability performance. Procureship will also offer its supplier network the opportunity to demonstrate their Achilles score and standout through a rigorous, independent assessment. Procureship’s supplier profiles Buyers are able to check the suppliers’ Achilles scores on the spot during the evaluation of quotes The Achilles Sustainability Score will be reflected in Procureship’s supplier profiles and displayed in supplier search engine results. Additionally, buyers will be able to check the suppliers’ Achilles scores on the spot during the evaluation of quotations. This will allow maritime purchasers to easily source products from companies that align with their standards, providing greater transparency and confidence in their procurement decisions. ESG module to marketplace services “Procureship identified the need for an ESG module to complement our existing marketplace services and recognised the expertise we would gain through this partnership with Achilles,” said Grigoris Lamprou, Co-Founder and CEO of Procureship.  “For our clients, the ability to easily access information on supplier sustainability practices reinforces trust across the supply chain.” Shipping sector purchasing process “The aim of Achilles is to ensure that procurement professionals within the shipping sector have a streamlined purchasing process that improves visibility, drives ESG metrics and increases process efficiency,” said Paul Stanley, CEO, Achilles. “Including supplier sustainability data within an e-commerce platform like Procureship, cements this strategy with a simplified, yet robust process.”

Technology group - Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow) Ltd, one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG Carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels. The new order was booked by Wärtsilä in Q1 2024. The global demand for LNG is rising, and is expected to continue to rise over the coming years, which is driving a need for fewer maintenance interventions in LNG Carriers in operation. This is especially key as the vessels under this service agreement operate in a highly dynamic and fast-moving market environment, with ongoing challenges around predicting vessel schedules and voyage times. New agreement with Wärtsilä The new agreement, which is based on 72,000 running hours, is designed to increase the engines’ time between overhauls to 30,000 operating hours. The enhanced maintenance performance enabled by this agreement will result in a new level of support for the operator. "We are focused on improving performance and optimising our fleet’s maintenance concept. This is why we have entered into this new agreement with Wärtsilä, as a trusted support provider. This agreement goes beyond what we had before and will take us into a new era of maintenance efficiency," says Michael McNaul, Fleet Manager – Seapeak. Wärtsilä’s OEM expertise Wärtsilä will also provide a full-time Contract Manager in Seapeak’s Glasgow office The scope of the agreement includes remote 24/7 operational support from Wärtsilä experts, Dynamic Maintenance planning, Wärtsilä’s predictive maintenance service - Expert Insight, scheduled spare parts, and field service for larger and more complex issues. Wärtsilä will also provide a full-time Contract Manager in Seapeak’s Glasgow office. Wärtsilä’s Expert Insight is a predictive maintenance service that combines artificial intelligence techniques and advanced diagnostics with Wärtsilä’s OEM expertise to identify anomalous behaviour. It proactively identifies and highlights potential failures and early indications of equipment deterioration. There are hundreds of vessels all over the world benefiting from the added layer of protection of Wärtsilä’s service agreements, offering actionable advice to ship owners and operators looking to ensure optimal operation, and reduce unplanned maintenance of their vessels.   Wärtsilä’s lifecycle support approach Andrea Morgante, Vice President, Performance Service at Wärtsilä Marine, comments, "Optimal maintenance procedures for the ship’s engines and equipment add considerable value through enhanced efficiency and reduced operating costs." He adds, "Wärtsilä’s lifecycle support approach, as illustrated by our tailored maintenance agreements, is a central pillar in our efforts to increase efficiencies and add greater sustainability to our customers’ operations." This agreement took effect from January 2024.

Wärtsilä Gas Solutions (WGS), part of the technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two new gas carriers that will operate with ammonia fuel. The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner EXMAR LPG, a joint venture between EXMAR, a multi-disciplinary maritime and offshore solutions provider, and Seapeak, one of the largest independent owner-operators of liquefied natural gas vessels. The order with Wärtsilä was booked in Q2, 2024. Ammonia as a marine fuel "Ammonia utilisation is vital in our pursuit of decarbonised operations," stated Carl-Antoine Saverys, CEO, of EXMAR. "Achieving this requires fuel handling and supply systems tailored for ammonia, and Wärtsilä possesses the expertise and capabilities to provide these solutions." "EXMAR, with over 40 years of experience in handling ammonia, has a proven track record in the safe and efficient transport of this fuel. This collaboration leverages EXMAR's extensive knowledge and Wärtsilä's advanced systems to pioneer ammonia as a marine fuel, contributing significantly to the reduction of greenhouse gas emissions." Cargo handling and fuel supply systems Operating with ammonia has the potential to significantly reduce greenhouse gas emissions These are the last two vessels in a series of six new builds for EXMAR. With this latest contract, Wärtsilä will have supplied the cargo handling and fuel supply systems for all six vessels. These medium-sized gas carriers, MGCs, will be the first ever ocean-going vessels capable of operating with ammonia as fuel. Operating with ammonia has the potential to significantly reduce greenhouse gas emissions when compared to conventional marine diesel fuel, as ammonia doesn’t produce CO2, sulphur, or particulate emissions when combusted. Innovative and sustainable solutions "This latest contract win is a significant achievement for our company and demonstrates our expertise in providing innovative and sustainable solutions for the maritime industry," commented Patrick Ha, Sales Manager, Wärtsilä Gas Solutions. "It is also fully in line with Wärtsilä’s strategy for enabling decarbonised shipping operations and reinforces our strong partnership with both EXMAR and Hyundai Mipo Dockyard." Liquid Ammonia Fuel Supply System The full scope of Wärtsilä’s supply includes the Cargo Handling Package and the Liquid Ammonia Fuel Supply System (AFSS) along with process engineering and dynamic simulation. The ASS is skid mounted with low- and high-pressure fuel pumps, controls for fuel pressure and temperature, and heat exchangers. Delivery to the yard is scheduled for 2025.