Wärtsilä aligns its marine agreements offering by introducing Lifecycle solutions – with ground-breaking performance guarantee

Wärtsilä Corporation, Trade press release 3 March 2016 at 11:15 UTC+2

Wärtsilä broadens its range of marine agreement concepts with Lifecycle solutions – an innovative, comprehensive offering that optimises the efficiency and performance of marine and offshore customers’ assets. Wärtsilä Lifecycle solutions consist of three concepts: Optimised maintenance, Optimised operations and Guaranteed asset performance. The Wärtsilä Lifecycle solutions offering also includes Wärtsilä Genius services. Launched in November 2015, Wärtsilä Genius services enables the optimisation of customers’ assets in real-time, improves predictability and helps solving of issues with digital solutions.

Wärtsilä Services Lifecycle solutions bring a wider supply of services to the agreements portfolio. The Optimised maintenance concept replaces two agreement concepts, Maintenance agreement and Technical management agreement. Optimised operations and Guaranteed asset performance are new concepts that widen the scope of the agreements offering.

Guaranteed asset performance revolutionises marine services

Guaranteed asset performance is a ground-breaking solution that provides guaranteed operational reliability. In practice, this means that performance targets are determined based on measured data, and Wärtsilä can guarantee that these targets are reached and maintained. Measurable indicators can include, for example, availability, reliability and fuel consumption. The agreed targets are reached through automated key performance measurements, optimised maintenance and remote advisory.

“Guaranteed asset performance is an innovative new solution. With remote advisory, our customers in marine and offshore can get real-time support regardless of their location, and the remote service is complemented with on-board advisory. Condition monitoring and audits, together with a performance improvement plan, increase availability and reliability. We are confident to offer this kind of a guarantee, because we know that Wärtsilä can deliver on its promise,” Tage Klockars, General Manager, Marine Service Agreements says.

Optimised operations offers real-time monitoring and advisory services that maximise efficiency. The solution provides a ship energy efficiency management plan that follows the IMO guidelines. On-board advisory service such as hull performance, engine efficiency or condition monitoring, combined with vessel audits and component condition evaluation, helps identify areas in which performance can be enhanced. Ongoing evaluation and system efficiency upgrades lead to continuous improvement.

Optimised maintenance involves planning and scheduling maintenance procedures to suit the customer’s business operations, improving long-term cost predictability and uptime. In addition, Optimised Maintenance services offer remote operational and technical advisory, whenever and wherever needed. Optimised maintenance is a proven way of optimising an installation’s availability throughout its entire lifecycle.

Advanced data and analytics enable comprehensive asset optimisation

“The marine business environment is moving from maintenance and servicing to more comprehensive optimisation of the customer’s business. Wärtsilä Genius services change online data into real-time on-board advisory and smart back office analytics that, in turn, can be refined into performance-improving advice about the asset operation. What we can measure, we can optimise and guarantee,” says Tage Klockars. “By setting clear performance targets and guaranteeing that they are reached, we are making a unique customer promise.”

Lifecycle solutions combine the opportunities provided by digital innovations and advanced data analytics with a holistic approach that goes beyond maintenance and servicing. The result is a package that allows customers to focus on their core business while Wärtsilä ensures that their operations run smoothly, efficiently and in accordance with regulations.

“With the help of Wärtsilä Lifecycle solutions, our customers can match their maintenance to their operations. Furthermore, Wärtsilä Lifecycle solutions help customers to comply with the changing regulations as customers can monitor and report their emissions and performance to authorities in real-time, based on data analytics,” Klockars concludes.

Read more here

For more information, please contact

Tage Klockars
General Manager, Marine Service Agreements
Wärtsilä Services
Tel: +358 400 579 548

Hanna Viita
Director, Marketing
Wärtsilä Corporation
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 2015, Wärtsilä's net sales totalled EUR 5.0 billion with approximately 18,900 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the Nasdaq Helsinki.