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’s Hybrid Solution Selected for New Isle of Man Ferry
Finnish technology group Wärtsilä said it will supply a range of solutions for a new 132-meter RoPax ferry being built at Hyundai Mipo Dockyard in South Korea for the Isle of Man Steam Packet Co (IOMSP). The newbuild will serve the Heysham to Douglas, Isle of Man route. The Wärtsilä scope includes Wärtsilä 31 engines, electrical and automation including Wärtsilä’s Low Loss Concept (LLC), an energy storage system and propulsion machinery including the transverse thrusters.
Wärtsilä to Supply 36 Engines for New Arctic Gas Carriers
Finnish technology group Wärtsilä announced Thursday it has secured a deal to supply dual-fuel engines for six new 172,500-cubic-meter capacity liquefied natural gas (LNG) carriers being built by South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to serve the Arctic LNG 2 project in Russia’s Arctic waters.The icebreaking gas carriers were ordered by Russia's Sovcomflot and Japan's Mitsui O.S.K.
Wärtsilä, Carnival Ink Waste Treatment Systems Deal
Finnish marine equipment manufacturer Wärtsilä said it signed a framework agreement with Carnival Corporation covering the supply and installation of Wärtsilä’s waste water and dry waste treatment systems for up to 32 vessels across many of global cruise ship operator’s brands. Wärtsilä said its Membrane Bioreactor waste water treatment plants for handling of black and grey waste water surpass the…
Wärtsilä's New CEO to Take Over on Feb. 1
Håkan Agnevall will take over the position of CEO of the Finnish marine equipment maker Wärtsilä on February 1, 2021.Back in September 2020, Wärtsilä first announced that Agnevall, president of Volvo's bus division, would become its new CEO, no later than April 2021.The company said Tuesday that he'd assume his position of President & CEO of Wärtsilä on February 1, 2021.He will succeed Jakko Eskola, who will continue as a senior advisor to the Board and executive team until he retires on June 30
Fuel, Propulsion, Emissions & the Decision to Scrap or Refit
When the maritime history books are written, 2020 will be viewed as a year of pivots, re-invention and new paradigms. By February 2020, concerns about marine fuel’s sulfur content quickly shifted to near-term disruptions induced by the COVID-19 pandemic. By mid-year, with demand recovering, the conversation turned to longer term questions surrounding the moves towards reduced maritime carbon emissions and alternative fuels.
UltraShip to Install Wärtsilä FOS Across Its Fleet
Wärtsilä said its Fleet Operations Solution (FOS) will be employed by UltraShip for the Denmark-based shipowner's entire fleet of 18 liquefied petroleum gas (LPG) carrier vessels.The solution by Wärtsilä Voyage is designed to save costs while increasing safety by automatically optimizing the route and speed of the vessel. It also provides the fullest and latest voyage data, keeping both onboard and…
Corvus' Energy Storage Systems for Harvey Gulf's Offshore Vessels
Corvus Energy, an energy storage solutions provider for the offshore energy industry, has won a contract with Wärtsilä to deliver its Energy Storage Systems (ESS) for the offshore support vessel fleet operated by U.S.-based Harvey Gulf.According to Corvus, the orders follow the successful sea trial of Harvey Energy, the first-ever LNG-battery hybrid retrofit of a platform supply vessel (PSV) in the Americas.
BW Opts to Outfilt Trio of VLGCs with new LPG Fuel Supply System
Oslo-listed BW LPG, the world’s largest LPG shipping company, ordered Wärtsilä LPG Fuel Supply System (LFSS) for retrofit to three very large gas carrier (VLGC) vessels. BW LPG had previously ordered four Wärtsilä LFSS’ in 2018, and an additional eight systems in February 2020. The initial order was placed following Wärtsilä’s successful full-scale testing of the system in 2018 with a full-sized two-stroke marine engine operating on LPG fuel, which was the world’s first such testing protocol.
Wärtsilä and Grieg to Build World's First Green Ammonia Tanker
Finnish maritime technology firm Wärtsilä and Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, are working on a joint project to launch an ammonia-fuelled tanker producing no greenhouse gas emissions by 2024. With Norwegian government support worth 46.3 million NOK (4.4 million EUR), the partnership aims to build what will be the world's first green ammonia fuelled tanker."The…
Ammonia Fuel Cells for Deep-Sea Shipping: A Key Piece of the Zero-emissions Puzzle
Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project is aiming to secure a place for ammonia in the future of deep-sea shipping.The project will equip the offshore supply vessel Viking Energy, owned and operated by Eidesvik and on contract to energy major Equinor, with a 2-megawatt (MW) ammonia fuel cell…
Wärtsilä Hybrid Upgrade for Østensjø Rederi Offshore Construction Vessels
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
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
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
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
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
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
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
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
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
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…
