Caption to image 1: The panel of speakers seated from left: Mr. Andrew Loh, Mr. Jerome Paumier, Mr. Roshan de Saram, Mr. Narenda Newaskar, Mr. Sanjay Verma, Mr. Mangala Yapa, Mr. Guido Pfister and Mr. Edwin Magesh
Caption to image 2: Mr. James Rajan Managing Director Wärtsilä Lanka handing over a token of appreciation to guest speaker Engineer Mangala P.B. Yapa
Wärtsilä Sri Lanka, a leader in the marine services industry, conducted a seminar on “Maximizing lifecycle efficiency in a changing marine market” especially for its customers, partners and other key stakeholders in the country. At the event, guest speaker, Engineer Mangala P.B. Yapa, Secretary General/CEO of The Ceylon Chamber of Commerce, shared his thoughts on the emerging dynamics of the global maritime industry, as well as major challenges for the Sri Lankan maritime industry to sustain.The seminar also featured presentations by subject matter experts from Wärtsilä, who shared information and insights on topics such as Field Service, LNG and Gas as a fuel, Seals, Bearings and Stern tubes, 2-Stroke engine services, Propulsion services, and Ship Design.
The aim of the knowledge sharing seminar was to stimulate discussion on key regional trends and rapid changes developing in the maritime sector, but also how and where Sri Lanka and its industry participants could benefit.
During his thought-provoking presentation, Eng. Yapa, a veteran of the maritime industry and former CEO of Colombo Dockyard PLC, said that the knowledge base in Sri Lanka needed boosting if the country was to compete in the region as port of choice for shipping companies. He also mentioned that while the marine industry was wide, it was not going to be possible for Sri Lankan marine companies to be involved in all areas. Instead, the local sector should decide which aspects to participate in, and then develop its competencies that could correctly position Sri Lanka in the emerging global scenario.
Eng. Yapa added that Sri Lanka’s geographical location, which gave it a comparative advantage, was no longer a key determinant. With the emerging industry becoming high-tech and geared towards integrated knowledge, the need for different skill sets was crucial, and a serious challenge for the local marine industry to face and overcome. Although, Sri Lanka’s social development indicators show high literacy, numeracy and ICT literacy, it lacks the essential blending of integrated knowledge application and skills to deliver a commercially viable product to the global customer.
Speaking at the Event, Eng. Yapa said “The future sustenance and growth of the industry is dependent not only on how fast we develop our port related infrastructure, but our ability to look beyond what we currently do and understand what is happening around us; see the big picture and try to position ourselves in that emerging scenario; and then capitalizing on our strengths and identifying the “sweet spot” that we can thrive upon, by developing requisite competitive strengths.”
“Sri Lanka is truly the pearl of the Indian Ocean, placed on a key strategic point in the maritime silk route connecting South East Asia to the Middle East, Africa and Europe. Sri Lanka can be the hub in the maritime industry, with the necessary infrastructure and capabilities to attract and benefit from key marine and offshore companies. At Wärtsilä, we have been building our capabilities in Sri Lanka, and we are working hand-in-hand with our customers to address their needs, while partnering in their growth by providing them with world class technologies, products & services,” said Mr. James Rajan, Managing Director for Wärtsilä Lanka (Pvt) Ltd and Director, Service Unit – South Asia.
“Every second ship at sea is serviced by Wärtsilä. We are a leading company in the maritime industry, and one that continuously drives and shapes the market. We bring the world’s most innovative and dynamic technologies to Sri Lanka, giving our country the opportunity to capture a portion of the maintenance and repair business from the global maritime industry,” said Mr. Roshan de Saram, General Manager, Services, Wärtsilä Lanka (Pvt) Ltd.
At the event, Wartsila also announced the launch of its refreshed local website (www.wartsila.com/lka), which mirrors the look and feel of the renewed global website which launched earlier this year. The new Wärtsilä Lanka website will feature all global press releases, and will also be regularly refreshed to feature information and content that is most relevant to industry customers and partners in Sri Lanka.
Wärtsilä has been in Sri Lanka since 2001. In 2006, Wärtsilä Lanka (Pvt) Ltd became a Services network company of Wärtsilä Corporation, and a workshop facility was set up in Colombo. In 2011, a propeller repair facility was also started in Colombo. Today, Wärtsilä Lanka is known in the marine industry as a company that provides a broad portfolio of marine services for ship owners, yards, and other industry participants. Wärtsilä Lanka (Pvt) Ltd counts the Sri Lanka Navy, Sri Lanka Port Authority, Colombo Dockyard PLC and the Sri Lanka Shipping Company as some of its key marine industry customers.
Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasizing 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 Nasdaq Helsinki, Finland.