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
New LNG Bunkering & Fuel Supply System Simulator
Wärtsilä has launched a new LNG Bunkering & Supply System simulator. The simulator will promote greater safety on board liquefied natural gas (LNG) fueled vessels by improving the level of training for operators of LNG systems. The design is based on the Wärtsilä LNGPac and Gas Valve Unit (GVU) technologies, and includes all auxiliary systems used in connection with the fuel supply. The design is also…
Wijnne Barends Orders LNG-fueled Newbuilds
The Netherlands-based Wijnne Barends Chartering, an affiliate of the Dutch Spliethoff Group, has ordered four new next-generation short-sea cargo vessels from the WuHu Shipyard in China.The newbuilds will feature liquefied natural gas (LNG) propulsion and storage systems provided by Wärtsilä, making the vessels among the first of their type to be powered by LNG fuel.Because of space restrictions on short-sea cargo ships…
Wärtsilä EGC Gets CCS Type Approval
Wärtsilä’s Exhaust Gas Cleaning (EGC) system has been Type Approved by the China Classification Society (CCS). This follows the order for the system from Dalian Shipbuilding Industry for installation onboard the ‘New Treasure’, a new Very Large Crude Carrier (VLCC). The ship is being built for Associated Maritime of Hong Kong, part of the China Merchants Energy Shipping group.Full scale testing was carried out after its shipboard installation was completed…
LR Awards Wärtsilä Cyber Certification
Lloyd’s Register (LR) has awarded Wärtsilä system-level cyber certification for its network architecture relating to Wärtsilä’s integrated main and auxiliary machinery. The LR’s ShipRight SAFE AL2 certification, which is with Wärtsilä’s Data Collection Unit (WDCU), gives Approval-in-Principle (AiP) for the entire Wärtsilä integrated system network, rather than for any individual component. The certification…
Wärtsilä Sheds ELAC Nautik Business
Wärtsilä has announced the divestment of shares in Wärtsilä ELAC Nautik GmbH (ELAC Nautik) to Cohort plc, a UK listed company.ELAC Nautik became part of Wärtsilä…
Wärtsilä Partners to Develop Hybrid Dredger
Wärtsilä has signed a strategic development agreement with Chinese state-owned shipbuilder CSSC Huangpu Wenchong Shipbuilding Company Limited Huangpu Wenchong. The five year agreement is aimed at the joint development of a hybrid powered dredger, but could possibly extend to other hybrid vessels as well. The agreement was signed on December 3 at the Marintec conference and exhibition in Shanghai.The…
Wärtsilä Systems for Spliethoff OSV
Finnish tech company Wärtsilä will supply equipment for two offshore support vessels (OSV)under construction at the Fujian Mawei Shipbuilding yard in China for Netherlands…
Wärtsilä and Silverstream to Collaborate
Technology group Wärtsilä, and Silverstream Technologies announced the signing of a Licence and Co-operation Agreement for future sales and servicing of the Silverstream System.
Taking CBM to the ‘Next Level’
As ship owners increasingly use data to schedule ship equipment maintenance, evolving from a calendar-based to a condition-based maintenance (CBM) regimen, Wärtsilä launches its Expert Insight predictive maintenance product, a digital product designed to enable customer support to be delivered proactively by Wärtsilä Expertise Centers to ensure long-term accurate insight for their predictive maintenance strategies.
Wärtsilä Tapped for Norwegian FV Upgrade
Wärtsilä is to supply a 12-year old fishing vessel with a Wärtsilä 32 engine, a NOx Reducer (SCR) selective catalytic reduction system, and a shaft generator. The new engine will replace an existing one from another supplier onboard the ‘Brennholm’, a 75-m long vessel owned by Norway-based operator Brennholm AS. The installation will take place at the Orskov Yard in Denmark at the end of 2020. According to measurements carried out in various operating modes…
Wärtsilä, PSA Marine Collaborate on Clean Energy Shipping
Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The Letter of Intent was signed on November 14 as part of the events celebrating the anniversary of the opening of the Wärtsilä Acceleration Center in Singapore.Specific collaboration areas envisioned…
Wärtsilä Opens Support Center in Singapore
Wärtsilä said it has established its latest Expertise Center (EC) in Singapore to provide support functions, including operational support and dynamic maintenance planning, for marine and energy customers.Together with nine other Wärtsilä EC units around the world, the new center supports Lifecycle Solution agreement customers with advice and recommendations based on the analysis of data from monitoring…
Wärtsilä’s Single-Source Capability Key to New Order
The technology group Wärtsilä’s industry-leading portfolio of products, systems and integrated solutions, which allows the company to be a single-source provider for shipbuilding projects, has resulted in a major order.Two new RoPax ferries being built at the Guangzhou Shipyard International (GSI) yard in China will feature a comprehensive package of Wärtsilä solutions. The order with Wärtsilä was placed in October 2019…
Wes Amelie Retrofit for Synthetic Natural Gas
The technology group Wärtsilä, in collaboration with PSA Marine, has achieved a breakthrough in its IntelliTug project.Following the successful installation of a first-of-its-kind Dynamic Positioning (DP) system onboard the harbor tug ‘PSA Polaris’, trials are now being carried out in the Port of Singapore under real-world conditions. This phase of the project implementation, which has been approved by Lloyd’s Register, moves the bar higher on safety standards for vessel automation and autonomy.
Viking Supply Ships Scoops PSV Pair
Swedish-based Viking Supply Ships (VSS) in partnership with funds managed by Borealis Maritime, has entered into a contract to purchase two platform supply vessels (PSV) currently under construction. In addition to the partial ownership, VSS has been awarded full operational and commercial management of the vessels, the company said.VSS did not reveal specific transaction details, but said the pair…
Wärtsilä LNG Refit for Münsterland Ferry
Wärtsilä was selected to carry out a retrofitting project aimed at lessening the environmental footprint of a ferry operating on the Wadden Sea, a UNESCO World Heritage listed area in the south eastern end of the North Sea.The retrofit will enable Münsterland, a RoPax ferry owned by German operator Aktien-Gesellschaft ‘Ems’ (AG Ems), to use LNG as fuel, significantly reducing its greenhouse gas emissions.Work will take place at the Koninklijke Niestern-Sander B.V.
Wärtsilä and Norsepower Sign Agreement
The technology group Wärtsilä and Norsepower, a provider of low maintenance, software operated, data verified auxiliary wind propulsion systems, have signed a service cooperation agreement. This will enable Norsepower to order service work from Wärtsilä, while Wärtsilä can pursue and sell Norsepower Rotor Sail projects with support from Norsepower. The agreement was signed in Q3 2019.With the growth of Norsepower’s manufacturing capacity and the anticipated increasing demand for its Rotor Sails…
Atlantic Offshore Orders Hybrid Package for OSV Pair
Technology group Wärtsilä said it will engineer, supply and install complete battery hybrid packages to two offshore supply vessels (OSV) owned by Norwegian-based operator Atlantic Offshore. The 746 kWh battery hybrid systems will be installed on the Ocean Star and Ocean Art at the Fitjar shipyard in Norway. The project is sceduled to be completed in early 2020.The hybrid propulsion conversions will unlock improved fuel consumption and a reduced environmental impact…
Wärtsilä Wins Order for LNG Bunkering Simulator
Finnish technology group Wärtsilä will supply an LNG bunkering vessel simulator to Kasi Group (Malaysia), a leading provider of integrated marine solutions. The…
LNG Bunkering Simulator for Hands-on Training
The technology group Wärtsilä will supply an LNG bunkering vessel simulator to Kasi Group (Malaysia), a leading provider of integrated marine solutions. The simulator will be used to provide hands-on training to those who will be operating LNG bunkering services. Wärtsilä is the first company capable of offering such a simulator. The order with Wärtsilä was placed in July.The demand for training services for LNG bunkering vessel simulators has been rising since 2017…
