Wärtsilä continues restructuring of Voyage business after strategy review

Wärtsilä has announced plans to further focus on end-to-end voyage optimisation as it moves part of its Voyage business activities to its Portfolio Business, building on its October 2022 announcement that it was integrating the Voyage business into Wärtsilä Marine Power at the beginning of 2023.

Based on a now-completed Voyage strategy review, the company says that the Voyage offering is planned to be streamlined by focusing on fleet and port optimisation and related simulation and training services, with a Voyage Services business unit to be formed.

According to the plan, NACOS Navigation, NACOS Automation, Dynamic Positioning and sensors will be merged into a new business unit and moved to Wärtsilä Portfolio Business during April 2023.

“We are committed to drive decarbonisation in the maritime industry and accelerate the turnaround of our former Voyage business,” said Roger Holm, President of Wärtsilä Marine Power.

“By combining digital capabilities with performance-based services, we plan to unlock synergies and offer our customers unique end-to-end solutions to optimise their vessel and port operations. The planned integration of these specific voyage offerings to our existing Marine Power portfolio will provide customers the strongest decarbonisation offering available.”

Wärtsilä says it has initiated a formal process globally to remove up to 300 jobs in the current Voyage organisation, while at the same time opening approximately 150 new positions.

The business unit Marine Electrical Systems, currently part of the Marine Systems business, is also planned to be moved to Portfolio Business.

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