Wartsila
Wärtsilä is a Finnish multinational corporation known for providing solutions and services for the marine and energy markets. Here’s an overview of the company:
Background and History:
- Founded: The company traces its roots back to 1834 when it was originally established as a sawmill in Tohmajärvi, Finland.
- Headquarters: Helsinki, Finland.
Business Segments:
Wärtsilä's operations are primarily divided into two main segments:
Marine Solutions:
- Products and Services: This segment provides a range of products including ship engines, propulsion systems, and machinery. They offer integrated solutions for the entire lifecycle of ships, promoting both efficiency and environmental sustainability.
- Customer Base: Commercial shipping, naval fleets, and offshore oil & gas industry.
Energy Solutions:
- Products and Services: Focuses on power plants and energy systems. They provide flexible power generation solutions, from individual engine-driven power plants to utility-scale power generation and storage solutions.
- Technology: Includes gas, liquid fuel, as well as hybrid power plants and renewable energy solutions.
Commitment to Sustainability:
- Environmental Impact: Wärtsilä is committed to promoting environmentally sound practices and technologies. This includes developing energy-efficient and low-emission solutions, such as hybrid and LNG (liquefied natural gas) propulsion systems for marine applications, and renewable energy integration in power plants.
- ESG Initiatives: The company is actively involved in recycling, waste reduction, and other sustainability programs.
Innovations and R&D:
Wärtsilä invests heavily in research and development to stay at the forefront of technological advancements. Areas of focus include digitalization, automation, and smart technologies for optimizing operational efficiency and reducing emissions.
Global Presence:
- Operations: Wärtsilä has a global presence with offices and facilities in over 200 locations in more than 70 countries.
- Employees: The company employs thousands of people worldwide, ensuring local support and after-sales services.
Financials:
As of the latest financial reports, Wärtsilä is a publicly traded company listed on the Nasdaq Helsinki. It has shown resilient financial performance with diversified revenue streams from its marine and energy sectors.
Future Outlook:
- Growth Strategy: Wärtsilä aims to leverage technological innovation and digitalization to expand its market share. The company focuses on partnerships, acquisitions, and expanding its service offerings to drive future growth.
- Market Trends: Increasing regulatory pressures for greener maritime operations and the global push towards renewable energy present significant opportunities for Wärtsilä.
In summary, Wärtsilä is a prominent player in both the marine and energy sectors, recognized for its commitment to innovation and sustainability. Its extensive experience, broad product portfolio, and global footprint position it well to address the evolving needs of these industries.
- Phone: +358 (0)10 709 5599
- Web: www.wartsila.com
Locations
Documents
Wartsila News
Wärtsilä to power world’s largest methanol-ready cement carrier
Technology group Wärtsilä’s focus on supporting the marine industry’s efforts to decarbonize operations continues to drive concrete steps forward.The latest order is to supply a complete propulsion package for a 38,000 DWT methanol-ready cement carrier vessel. When built, this will be the world’s largest vessel of its type, and the first with a methanol-ready notation. The order has been placed by NovaAlgoma…
Wärtsilä Hooks Cargo Handling Supply Deal for Bangladeshi LPG Carrier
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the complete cargo handling system for a new fully pressurized LPG Carrier being built for Meghna Fresh LPG, part of the Bangladeshi Meghna Group of Industries.The group is one of the Bangladesh’s largest industrial conglomerates, and in addition to being the owner of the new ship, it also owns the shipyard where the vessel is constructed…
When it Comes to Workboat Engines, the Future is Flexible
Vessel owners are making new fuel choices, but increasingly, they have options to help reduce the risk of doing so.The latest engine developments aim to make it easier for owners to avoid the chicken-and-egg fuel price and availability risks of new fuels.As Roger Holm, President of Wärtsilä Marine and Executive Vice President at Wärtsilä Corporation recently pointed out, the challenge is that owners won’t commit to a fuel today that is expensive…
Wärtsilä NextDF Tech to Help Cut Vessel Methane Emissions
Wärtsilä introduced the NextDF feature for the Wärtsilä 25DF dual-fuel engine, which means while operating on liquefied natural gas (LNG), the NextDF feature reduces methane emissions to less than two percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. What’s more, the nitrogen oxide (NOx) emissions are lower than on the standard Wärtsilä 25DF engine which already has low emission levels below IMO Tier III.Launched in 2022…
Wärtsilä to Provide Operational Support for Seven Capital Gas LNG Carriers
Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It…
Wärtsilä Books Order for Handling and Fuel Gas Supply Systems
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels.The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner.The YAMIC yard is a joint venture between Yangzijiang Shipbuilding Group and Mitsui E&S Shipbuilding.The…
Wärtsilä Lands System Order from Chinese Shipyard for Five New VLECs
Technology group Wärtsilä has secured an order from Jiangnan Shipyard to supply cargo handling and fuel gas supply systems for five new very large ethane carrier (VLEC) vessels.The ships are being built for Chinese owners. The order follows a similar order for cargo handling and fuel gas supply systems placed by the yard in 2023 for four VLECs.The new 99,000 m3 capacity VLECs are mainly designed to transport ethane…
Wärtsilä to Convert Engines on Chevron’s LNG Carriers to Cut Methane Emissions
Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity of…
Naval Power: Navies Increasingly Eye Alternative Fuels
Alternative fuels are not top of the list of naval requirements for gensets, but they are inching their way up.The naval world is largely exempt from the decarbonization pressure faced by commercial shipping, but it can’t ignore it entirely. As a famed naval strategist once said: “Fuel stands first in importance of the resources necessary to a fleet.”Navies must therefore consider their fuel supply…
Ammonia Fuelled Platform Supply Vessels to Cut GHG Emissions 70%
Eidesvik Offshore will refit its platform supply vessel (PSV) Viking Energy with an ammonia dual fuel engine, targeting 2026 as the year that the vessel will operate on ammonia for Equinor, effectively cutting GHG emissions by 70% or more.Viking Energy will switch to ammonia operations, in a move that should make it the world’s first in-service vessel to adopt the fuel as a primary energy source."This conversion is made possible by the support and investment from Equinor.
Wärtsilä Simulators to Support Singapore's Wavelink Maritime Institute
Wärtsilä has supplied its new dual-fuel engine simulator technology for Wavelink Maritime Institute (WMI), the maritime training arm of the Singapore Maritime Officer’s Union (SMOU).The navigational and technological simulators are a central feature of the recently-inaugurated simulation suite at WMI, and the technology is specifically designed to train seafarers in the latest efficiency concepts and…
Wärtsilä Set to Deliver Emissions-Cutting Tech for CMA CGM Ferries
Technology group Wärtsilä has secured a deal to supply engines, fuel gas supply system and thrusters for two new Ropax ferries being built for French operator La Méridionale, a subsidiary of CMA CGM.The vessels, which have been specifically designed to minimize emissions, are to be built at the China Merchants Jinling Shipyard (Weihai), and will operate between Marseille and Corsica.For each ship, Wärtsilä will supply two 12-cylinder…
Wärtsilä to Provide Operational Support for Two Japanese Ferries
Technology group Wärtsilä has signed two Lifecycle Agreements covering two ferries owned by Japanese operator Shin Nihonkai Ferry (SNF).The agreements are designed to provide optimal operational support in ensuring reliable and efficient performance for the ferries, each powered by four Wärtsilä 31 engines, which serve the Yokosuka and Shinmoji route.The two five-year agreements cover the ‘Hamayu’…
Scandilines to Electrify Two Ferries with Wärtsilä Equipment
Technology group Wärtsilä has secured a contract to supply the electrical systems needed to convert two Scandlines ferries to a plug-in hybrid solution.The ferries operate on the Puttgarden, Germany – Rödby, Denmark route, and the conversion represents a key element in Scandlines’ target to achieve emission-free operations on the route by 2030.The two Scandlines Ro-Ro ferries selected for conversion…
Stena’s Ro-Pax Vessel with Wärtsilä Propellers Obtains DNV Silent Operations Notation
Stena’s new Ro-Pax vessel, Ala’suinu, equipped with Wärtsilä propellers has received DNV’s Silent(E) notation, issued to vessels that demonstrate the ability to effectively reduce emissions of underwater radiated noise.Technology group Wärtsilä has designed and delivered controllable pitch propellers for Stena’s new Ro-Pax vessel, Ala’suinu, which has successfully completed sea trials.Following these sea trials…
Tristar Eships Picks Wärtsilä for Carbon Footprint Management
Tristar Eships, the maritime logistics division of the Dubai-based Tristar Group, has selected technology group Wärtsilä’s Decarbonization Services to support its decarbonizing operations.Wärtsilä’s Decarbonization Services will initially be applied to two tankers in the company’s fleet and is tailored to create a significant reduction in their carbon emissions.The analysis to be undertaken for the first two Tristar Eships vessels…
Wärtsilä Secures China’s Largest-Ever Methanol Newbuild Order
Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines and seven new container vessels for Orient Overseas Container Line.Each vessel will operate with three 8-cylinder and two 6-cylinder Wärtsilä 32M engines. This is the Chinese maritime sector’s largest order to date for methanol-fueled newbuild vessels. The order was booked by Wärtsilä in December 2023.To complement the solution…
Simulators Track our Changing Relationship with Technology
Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be.
Wärtsilä to Supply Cargo Handling System for Scale Gas’ LNG Bunkering Vessel
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has signed a contract for the supply of cargo handling system for a new 12,500 m3 LNG bunkering vessel being built for Spanish shipowner Scale Gas, a subsidiary of Enagás.The order has been placed by the yard building the vessel, Nantong CIMC Sinopacific Offshore & Engineering, and was booked by Wärtsilä in the first quarter of 2024.The vessel is co-financed from the Support for Sustainable and Digital Transport Programme…
Simulators Track our Changing Relationship with Technology
Simulation-based training has its whole-of-ship/whole-of-team scenarios, but zooming in, the industry is now working on more specific targets.We have a close relationship with technology, evidenced by, for example, the phones we are estimated to unlock around 50-80 times a day. It has changed us. Half the people surveyed in a 2022 King’s College London study said that they feel like their attention span is shorter than it used to be.
