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
Harvey Gulf Equipping Four More PSVs for Tri-fuel Ops
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
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
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
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
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
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
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
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
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
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.
Wärtsilä Sees 'Significant' Benefits from Profit Sharing Deal with Brittany Ferries
Finnish marine technology group Wärtsilä has said that its profit-sharing deal based on fuel savings signed two years ago with Brittany Ferries has significantly benefitted both companies. The installation of Wärtsilä's Trim and Speed energy management and optimization technology on the first vessel ‘Cap Finistere’, covered by the contract, was finalized and fully operational in March 2019. The installation was carried out by Wärtsilä Voyage.
Colombo Dockyard to Build Six Bulk Carriers for Misje
Sri Lanka shipbuilder Colombo Dockyard PLC (CDPLC) said it is moving toward executing an already signed contract with Misje Eco Bulk AS to build a series of six bulk carriers, with options for up to four additional vessels. The contracts were signed in March but are scheduled to come into effect in September upon the Norwegian shipowner's final board approval.Misje is a fully owned subsidiary of Kåre Misje & Co.…
Wärtsilä to Supply Bridge Systems for Five Icebreaking Gas Carriers
Finland-based marine engine and technology provider Wärtsilä said it has been contracted to deliver a complete bridge systems installation for five icebreaking liquefied natural gas (LNG)-fueled tankers to be constructed for the Arctic LNG-2 project. The navigational systems are delivered by Wärtsilä Voyage, the new business responsible for digital solutions and decision support tools to enhance safety…
Keel Laid for Polaris New Energy LNG Bunker Barge
Fincantieri Bay Shipbuilding hosted a private ceremonial keel laying June 24 celebrating the start of construction of a liquefied natural gas (LNG) bunker barge for Polaris New Energy.The barge will be named the Clean Canaveral and will operate as an articulated tug and barge unit (ATB) that initially runs along the U.S. East Coast providing LNG bunkering solutions to NorthStar Midstream’s customers.Modern ships are now largely built in a series of prefabricated…
China's Polar Icebreaker Embarks on First Arctic Mission
China's first domestically built polar icebreaker Xue Long 2 has set sail on its first mission to the Arctic, China's state-run Xinhua News Agency reports.Xuez Long 2 (Snow Dragon 2) departed Shanghai Wednesday with a team of Chinese scientists on board to conduct investigations in areas including the Chukchi Rise, Canada Basin and the central Arctic Ocean, Xinhua reports. The voyage is expected to cover some 12…
First Taiwan-built Offshore Installation Vessel to Sport Wärtsilä Gear
Finland-based marine engine and technology provider Wärtsilä has been tasked to equip the first Taiwan-built offshore wind installation vessel - the Green Jade - with "a broad scope" of its solutions.The 216 meters long vessel will be built at the CSBC shipyard in Taiwan for the joint-venture company CDWE owned by CSBC and Belgium-based DEME Group. The vessel is expected to play a major role in developing the offshore wind farm business in both new and established markets, including Taiwan.
Wärtsilä Expands Predictive Maintenance Options
Wärtsilä said its digital predictive maintenance product is now being offered to support two-stroke engines and will be available for scrubbers at a later date.Originally launched in November 2019 for four-stroke engines, Expert Insight combines artificial intelligence (AI) techniques and rule-based advanced diagnostics with the knowledge and experience of Wärtsilä’s product experts to detect potential issues in asset operating data, and enable experts to provide actionable advice proactively.
World First Full Scale 'Ammonia as Fuel' Marine Four-Stroke Engine Test
While there is no consensus on the marine industry ‘fuel of the future’ that will meet ever tightening international emission mandates, a group of organizations has commenced what it is calling the world’s first long-term, full-scale, testing of ammonia as a fuel in a marine four-stroke combustion engine. Wärtsilä, Knutsen OAS Shipping AS, and Repsol, and the Sustainable Energy Catapult Center, have teamed for the effort…
Wärtsilä Equipment Chosen for E-Marine Cable Layer
Wärtsilä said it has been contracted to provide a comprehensive scope of solutions for Dubai-based E-Marine, as the Finnish technology company continues to work closely with the specialist operator of cable layer vessels currently upgrading its fleet to achieve greater efficiencies.Wärtsilä, which notes it previously provided a propulsion upgrade for an E-Marine vessel, will this time supply two controlled pitch propeller (CPP) systems with control and fuel efficiency devices…
Wärtsilä, Pastrovich Working on Sustainable Boutique Cruise Ship
Finnish marine technology company has teamed up with naval architect and yacht designer Stefano Pastrovich on the design of innovative sustainable superyachts for the boutique cruise sector."A new generation of boutique cruise ships is set to emerge, with the luxury of a superyacht, the construction techniques and passenger experience of a cruise ship, and a close focus on the environment. These cost…
