Port of South LouisianaBühler GmbHCleveland Cascades LtdSailors SocietyTBA GroupTelestack
  • TOC Events
  • Sailors Society
  • Vigan
  • TBA Group
  • Port of Vancouver USA
  • Cleveland Cascades Ltd

Wärtsilä redefines structure

(Posted on 06/03/20)

Wärtsilä has decided to reorganise its Marine Business into three independent businesses. The objective of this change is to accelerate strategy execution, simplify the business structure, and strengthen business presence in the Board of Management. The new businesses, consisting of Marine Power, Marine Systems and Marine Voyage, will be operational as of 1 July 2020.

The evolution of Wärtsilä’s organisational structure is a continuation to the changes made in 2019, whereby the equipment and service businesses were integrated to strengthen the focus on complete lifecycle solutions. In the new operational model, Marine Power will focus on Wärtsilä engine and propulsion solutions. Marine Systems’ offering will consist of gas solutions, exhaust treatment, marine electrical systems, as well as seals and bearings. Marine Voyage will provide navigation solutions, simulation and training solutions, fleet operation solutions, and ship traffic control solutions. Each business will have lifecycle responsibility for its offerings. Wärtsilä’s Energy Business will continue in its current form.

“Wärtsilä is committed to leading the way towards a more sustainable maritime future. We have today the broadest offering for the marine markets, and I am confident that establishing three independent marine entities, with a stronger focus on the specific needs of their respective markets, will accelerate the execution of our Smart Marine strategy. Our customers will benefit from increased agility and speed in decision-making, as well as an even more empowered and effective frontline,” comments Jaakko Eskola, President & CEO of Wärtsilä Corporation.

Wärtsilä's financial reporting will be adjusted to reflect the new organisational structure as of the second quarter of 2020. Adjusted comparison figures will be provided prior to the publication of the Half year financial report January-June 2020.

Latest News

ABB Azipod debuts in Oldendorff bulk ship delivery

(Posted on 19/01/21)

China’s Chengxi Shipyard has handed over the first of twin self-unloading transshipment newbuilds... Read more


GDI launches ROV in water asset assessments

(Posted on 19/01/21)

Global Drone Inspection (GDI), the new subsidiary company of robotic inspection specialists RIMS BV,... Read more


AMS bulker largest ship to perform automated docking

(Posted on 14/01/21)

Wärtsilä Voyage has introduced Wärtsilä SmartMove Suite to the global shipping market... Read more


CTI Maritec integration creates focused service

(Posted on 14/01/21)

Maritec Pte Ltd, the fuel and oil testing services company acquired by leading certification company... Read more


U.S. Coast Guard approval for Alfa Laval

(Posted on 10/01/21)

The U.S. Coast Guard (USCG) have issued its type approval for Alfa Laval PureBallast 2. Most owners... Read more


Rivertrace’s new digitalisation white paper

(Posted on 10/01/21)

In the midst of digital technology continuously changing the landscape of the international shipping... Read more


DisinfectYour.com extends COVID cleaning

(Posted on 05/01/21)

Rotterdam-based company DisinfectYour.com has launched a new service to help vessel owners and crew... Read more


New research and innovation project announced

(Posted on 05/01/21)

Current Direct, a new research and innovation project funded by the European Commission’s Horizon... Read more


KVH Partners with ioCurrents

(Posted on 28/12/20)

Data analytics innovator ioCurrents will offer KVH Watch connectivity as part of their vessel maintenance... Read more


Thordon concerns over VIDA changes

(Posted on 22/12/20)

Thordon Bearings has added to the growing concern over proposed changes to Vessel Incidental Discharge... Read more


Port of Vancouver USAThe Wolfson Centre for Bulk Solids Handling Technology TOC EventsCimbriaPort of StocktonVigan
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Cimbria
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping