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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 Hybrid Upgrade for Østensjø Rederi Offshore Construction Vessels
![Credit: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/credit-wrtsil-118764.jpg)
Finnish maritime equipment specialist Wärtsilä has won a contract to provide its Hybrid Upgrade solution for retrofitting two offshore construction vessels owned by Norwegian operator Østensjø Rederi. The two ships, the ‘Edda Fauna’ and ‘Edda Flora’, were built in 2008. Østensjø Rederi opted for the Wärtsilä Hybrid Upgrade solution in order to give the ships a more attractive environmental profile for potential charterers.
Wärtsilä Prop Solutions Help Optimize Yang Ming Lines Slow Steaming Ops
![The YM Mobility will be one of the latest Yang Ming vessels to be retrofitted with the Wärtsilä FPP and EnergoProFin solutions. © Yang Ming Lines](https://images.marinelink.com/images/maritime/w200h200c/the-ym-mobility-will-be-118750.jpg)
Wärtsilä will supply its Fixed Pitch Propeller (FPP) and EnergoProFin solutions for two container vessels owned by Yang Ming Lines, the Taiwan-based shipping company, to help the container ship operator maximize efficiency in slow steaming mode.The Wärtsilä solution is designed to enable this adjustment, allowing the speed of the two vessels to be reduced from 24 to 18 knots.The two vessels, the ‘YM Mobility’ and the ‘YM Milestone’…
Wärtsilä Delivers LNG Training Solutions for Anglo-Eastern
![(Photo: Anglo-Eastern)](https://images.marinelink.com/images/maritime/w200h200c/photo-angloeastern-118567.jpg)
Anglo-Eastern has partnered with technology group Wärtsilä to further enhance its simulator training for crew, with the delivery and installation of state-of-the-art, customized LNGPac bunkering and liquid cargo handling simulators at the ship management group’s largest maritime training center in Mumbai this October.Developed by Wärtsilä Voyage, this is a new product for the marine market, reflecting…
Wärtsilä to Deliver Hybrid Propulsion Solutions for Misje Bulk Carrier Trio
![Credit: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/credit-wrtsil-118413.jpg)
Finnish marine equipment and technology provider Wärtsilä has won a contract to deliver an integrated hybrid propulsion solution for three new Misje Rederi bulk carriers. Wärtsilä said its extensive experience in marine hybrid propulsion solutions "will enable a greatly decreased emissions footprint for three newbuild eco-friendly 5,000 dwt bulk carriers." The 90 meters long ships are being built at the Colombo Dockyard in Sri Lanka for Misje Eco Bulk, a unit of Norway based Misje Rederi group.
Wärtsilä Engines Selected for CGN's New Ferries
![(Image: Shiptec)](https://images.marinelink.com/images/maritime/w200h200c/image-shiptec-118238.jpg)
Marine and technology provider Wärtsilä said it will supply the engines and related emissions control after-treatment systems for two new passenger ferries being built for operation between Switzerland and France across Lake Geneva. The ferries were ordered in January at the Shiptec AG yard in Switzerland for General Navigation Company (CGN), a Swiss ferry operator based in Lausanne.The 60 meters long…
MacGregor Inks Deal to Supply LNG Bunker Barge Hose Handling Cranes
![LNG Bunkering Barge currently under construction at Fincantieri Bay Shipbuilding. Image: MacGregor/Fincantieri Bay Shipbuilding](https://images.marinelink.com/images/maritime/w200h200c/lng-bunkering-barge-currently-under-117978.png)
MacGregor received an order from Fincantieri Bay Shipbuilding to supply two fixed boom cranes that will handle the hoses on a new 5,400 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction and estimated to be delivered by the end of 2021.The MacGregor Rapp HP63-13F cranes will handle the hoses that transfer LNG from the barge to the LNG-powered vessel during bunkering operations.
World's First LPG-fueled Gas Carrier Completes Sea Trials
![BW Gemini is the world's first VLGC to run on LPG fuel. (Photo: BW LPG)](https://images.marinelink.com/images/maritime/w200h200c/bw-gemini-is-the-worlds-117806.jpg)
The world's first very large gas carrier (VLGC) to run on liquefied petroleum gas (LPG) dual-fuel propulsion technology has completed sea trials, shipowner BW LPG announced Wednesday.BW Gemini and its newly retrofitted LPG propulsion technology were tested to their safe limits by an expert team from engine manufacturer MAN Energy Solutions, BW LPG’s Newbuilding & Projects and Technical departments…
Wärtsilä Inks Deal to Sell Rotor Sails
![Wärtsilä will include Anemoi Marine Technologies’ Rotor Sails as part of its propulsion offering. (Photo: Anemoi Marine Technologies)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-will-include-anemoi-marine-117673.jpg)
The technology group Wärtsilä said it has signed a Memorandum of Understanding (MoU) tied to a License and Cooperation agreement with U.K.-based Anemoi Marine Technologies for the future sales and servicing of Rotor Sail solutions to the shipping industry.Rotor Sails, also referred to as Flettner Rotors, are comprised of vertical cylinders which, when driven to rotate, harness the renewable power of the wind to propel ships.
Wärtsilä to Supply Engines for P&O Ferries' Newbuilds
![P&O Ferries’ new series of ‘super ferries’ will be powered by Wärtsilä 31 engines fitted with the latest Wärtsilä Data Communication units. (Image: P&O Ferries)](https://images.marinelink.com/images/maritime/w200h200c/po-ferries-new-series-of-117459.jpg)
Finnish tech company Wärtsilä revealed Thursday that it booked an order in Q1 2020 to supply engines for British ferry operator P&O Ferries' two new hybrid electric ferries on order at China's Guangzhou Shipyard International.P&OF has stated that the new hybrid-electric vessels, to be powered by powered by the Wärtsilä 31 four-stroke diesel engines, “will be the most sustainable ships ever to sail the English Channel…
Wärtsilä Designs Cargo Handling System for VLEC Newbuilds
![Very large ethane carrier (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/very-large-ethane-carrier-image-117378.jpg)
Finnish vessel technology company Wärtsilä said it has been awarded a contract for the supply of cargo handling and fuel supply system for two new 98,000 cbm very large ethane carriers (VLEC) being built at the Samsung Heavy Industries (SHI) shipyard in South Korea, with an option for a third vessel.The order, placed in September 2020, follows a similar contract awarded in 2019 for three VLECs, also…
Harvey Gulf Equipping Four More PSVs for Tri-fuel Ops
![Credit: Harvey Gulf](https://images.marinelink.com/images/maritime/w200h200c/credit-harvey-gulf-117295.png)
U.S. offshore support vessel company Harvey Gulf International has ordered Wärtsilä's energy storage system for four of its platform supply vessels.The order comes just after Harvey said in September it had completed an upgrade of its platform supply vessel Harvey Energy, making it the first "tri-fuel" PSV in the U.S. The upgrade included a Wärtsilä battery-power system on the PSV which was already a dual-fuel vessel capable of fully operating on LNG or diesel.Now…
Wärtsilä Powers Mercy Ship's New Hospital Ship
![(Photo: Mercy Ships)](https://images.marinelink.com/images/maritime/w200h200c/photo-mercy-ships-117029.jpg)
Mercy Ships' new hospital ship Global Mercy, nearing completion at the Tianjin Xingang shipyard in China, will be powered by four Wärtsilä 32 engines.When completed, the philanthropic organization's Global Mercy will be the world’s largest vessel of its kind, providing essential healthcare to patients in developing countries. Mercy Ships expects to take delivery in 2021, and the ship’s maiden voyage…
Wärtsilä to Divest Its Valves Business
![(File photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/file-photo-wrtsil-116889.jpg)
Finland-based technology group Wärtsilä said it has divested 100% of its shares in Wärtsilä Valves Ltd to an affiliate of Evergreen Capital L.P., based in New York. The transaction was closed Thursday.“Wärtsilä is focusing on creating a stronger and simpler core whilst making sure the non-core businesses get an opportunity under a new ownership to be able to drive their business success and better serve their customers…
Wärtsilä Names Håkan Agnevall as President and CEO
![Håkan Agnevall (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/hkan-agnevall-photo-wrtsil-116844.jpg)
Finland-based marine engine and technology provider Wärtsilä has appointed Håkan Agnevall as its next president and CEO.Agnevall, who is currently president of Volvo's bus division, will start in his role no later than in April 2021, succeeding Jaakko Eskola, who will continue with the company as a senior advisor and executive until he retires on June 30, 2021, after 22 years with the group.Agnevall has been with the Volvo Group since 2013.
Eastern Lays Keel for Weeks Marine's New Hopper Dredge
![(Photo: Eastern Shipbuilding Group)](https://images.marinelink.com/images/maritime/w200h200c/photo-eastern-shipbuilding-group-116819.jpg)
Eastern Shipbuilding Group conducted the keel laying for the new trailing suction hopper dredge (TSHD) it is building for Weeks Marine.This new U.S. flag dredge R.B. Weeks, ordered by Weeks Marine in April, is be constructed at Eastern’s Allanton Shipyard in Panama City, Fla., for scheduled delivery in early 2023. Steel cutting commenced on August 19.R.B. Weeks is the second TSHD Eastern is building for the Cranford…
Wärtsilä to Refit Canadian Coast Guard Icebreaker
![Canadian Coast Guard icebreaker CCGS Amundsen (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/canadian-coast-guard-icebreaker-ccgs-116708.jpg)
Finland's Wärtsilä reports it has won a contract for the delivery and integration engineering of two retractable thrusters and a dynamic positioning (DP) system for the Canadian Coast Guard (CCG) icebreaker CCGS Amundsen.Wärtsilä, which booked the order in July, said it was able to meet the CCG’s requirements to fit the equipment in the existing space of the 98-meter-long Arctic Class 3 Medium Icebreaker, the only vessel in its class to be fitted with retractable thrusters and DP.
Wärtsilä to Divest its JOVYATLAS Business
![(Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-116642.jpg)
Finland-based Wärtsilä said it will divest 100% of the shares in Wärtsilä JOVYATLAS GmbH to Jacob Waitz Industrie GmbH, a German based industry holding.Wärtsilä JOVYATLAS has been manufacturing uninterruptible power supply (UPS) systems, rectifiers, power inverters, frequency transformers and resistors with related services for many industries for seven decades. The company became part of Wärtsilä as a result of the acquisition of L-3 Communications MSI in 2015.
World's Largest LNG-fueled Containership Delivered
![(Photo: CMA CGM)](https://images.marinelink.com/images/maritime/w200h200c/photo-cma-cgm-116598.jpg)
The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé…
Sanmar Delivers Tug to Somaliland Port Authority
![M JEEX (Photo: Sanmar)](https://images.marinelink.com/images/maritime/w200h200c/m-jeex-photo-sanmar-116348.jpg)
P&O Maritime Logistics (P&OML), the marine services arm of global port operator DP World, has taken delivery of a Sanmar Shipyards-built tug for the DP World managed Berbera Port on behalf of Somaliland Port Authority (SPA). The M JEEX (ex. Dogancay XXV) arrived Berbera Port under P&OML management and crew on September 10, 2020. The delivery follows a previous purchase from Sanmar, the EGAL (ex. Dogancay XXVI)…
New LNG ATB Bunker Vessel is a US First
![(Photo: Q-LNG)](https://images.marinelink.com/images/maritime/w200h200c/photo-qlng-116298.jpg)
Bunkering ports around the world have long used a variety of small tankers or tug and barge combinations to deliver fuel to visiting ships. Mostly this was heavy oil, but recently a new breed of bunkering vessels is emerging to deliver clean burning liquefied natural gas (LNG) to modern ships with dual-fuel capabilities.The fall of 2020 will see a new addition to this fleet servicing ships in Florida and the Caribbean.