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 for Offshore Vessel
Wärtsilä won the deal to engineer, supply, and commission a hybrid propulsion system for an offshore sector vessel for Norway's Eidesvik.Wärtsilä willcarry out the upgrade project on ‘Viking Neptun’, a construction vessel, and this order follows two similar hybrid upgrade contracts awarded to Wärtsilä in recent months.The 15,900 DWT ‘Viking Neptun’ was built in 2015. It is fitted with Wärtsilä engines and Wärtsila’s Low Loss Concept (LLC) electrical systems.
Wärtsilä Rolls-out Pure Gas Marine Engine
Finnish corporation Wärtsilä has launched the 31SG pure gas engine for marine market applications.The 31SG is based on the successful Wärtsilä 31 product platform…
Wartsila Wins US LNG Bunker Vessel Deal
The Finnish technology major Wärtsilä has been contracted to supply its LNG cargo handling system for a new 5400-cbm LNG bunker barge being built in the USA.The…
Wärtsilä Simulators for New Portuguese Facility
Wärtsilä has supplied simulators aimed to provide realistic hands-on training at a new facility in Portugal. The training center is developed and run by the Port Authority for the ports of Douro, Leixōes and Vano do Castelo (APDL), and was inaugurated in the end of July at a ceremony headed by Portugal’s Minister of the Sea, Ana Paula Vitorino. The order was placed in October 2018.The center is the country’s largest and most advanced maritime training facility.
Doorae Shipping Selects Wärtsilä BWMS
Wärtsilä will supply its Aquarius UV Ballast Water Management System (BWMS) for four bunkering ocean tanker vessels operated by South Korea’s Doorae Shipping. This is the first ever BWMS retrofit contract signed by Wärtsilä in Korea. The order was placed in July by PanStar TechSolution, the main contractor for the project. PanStar TechSolution is a leading Korean engineering and technical company specializing…
Wärtsilä Thrusters on Sea Trials for Large SSCV
Performance of the propulsion solutions supplied by the technology group Wärtsilä exceeded the design specification and contributed to the success of the sea trials for the world’s largest semi-submersible crane vessel (SSCV). The ‘Sleipnir’ was built at Sembcorp Marine’s Tuas Boulevard Yard in Singapore for the Dutch offshore contractor Heerema Offshore Services (HOS). It was delivered from the yard in July.The huge vessel is designed for heavy lifting operations and is fitted with two cranes…
Wärtsilä to Support Hurtigruten’s Green Push
The technology group Wärtsilä will supply a broad scope of solutions that will support Hurtigruten, the world’s largest expedition cruise operator, in its push for greener and more sustainable shipping.Hurtigruten is converting an additional three vessels to become premium, hybrid powered expedition cruise ships. The order with Wärtsilä was placed in Q2 2019 and covers the ‘MS Finnmarken’, the first of the three vessels to be upgraded.
Wärtsiläs LNG Storage & Supply System for Dredges
Innovative Wärtsilä LNG fuel storage and supply system to deliver multiple benefits for two new dredgers.The technology group Wärtsilä will supply a unique and patent-pending LNG fuel storage and supply system for two new trailing suction hopper dredgers (TSHDs). The ships are being built by Keppel Offshore & Marine for Van Oord, the Dutch marine contractor. The order with Wärtsilä was placed in Q2 2019.The Wärtsilä system comprises two 640m3 single-shell polyurethane insulated storage tanks…
Wärtsilä Waste Treatment for Princess Cruises
The Finnish technology major Wartsila will supply and install an Auto Gasification solution for the Regal Princess, enabling the safe disposal of waste from the…
Hybrid Propulsion for Acta Centaurus
Acta Centaurus, a new DP2 walk-to-work offshore wind construction support vessel owned by Netherlands-based Acta Marine, will be fitted with hybrid propulsion capability from Wärtsilä, the Finland-based technology group announced on Thursday.Hybrid propulsion will allow the vessel to operate with less running engines at more optimized load, creating fuel consumption and environmental benefits.The solution to be provided by Wärtsilä includes the hybrid drive…
Wärtsilä wins Hopper Dredger Propulsion Deal
The technology group Wärtsilä has again been selected by the Netherlands-based shipbuilding company Damen Shipyards Group to provide the main propulsion solutions for a large Marine Aggregate Dredger (MAD). The dredger is being built for the U.K. company Hanson Aggregates, a leading supplier of heavy building materials for the construction industry. The order with Wärtsilä was signed in May 2019.An identically designed vessel from Damen…
Wärtsilä Achieves New Benchmark with Hybrid Solution for Bulk Carriers
Wärtsilä reports it has achieved a new tech benchmark with the introduction of a hybrid installation for a bulk carrier, reportedly a maritime first.The system will be installed on the M/V Paolo Topic, a bulk carrier built at Onomichi Dockyard in Japan and managed by Marfin Management S.A.M. Wärtsilä’s hybrid power module, the Wärtsilä HY, is designed to deliver seamless integration and control of the technologies to be installed, with the ship’s various existing power production systems.
Wärtsilä to Optimize PLSVs of Sapura Brasil
Subsea services specialist Sapura Brazil has signed a five-year optimized maintenance agreement with Wärtsilä.As per the agreement the the Finnish tech major will…
Wärtsilä, COSCO Shipping Ink EGCS MoU
The technology group Wärtsilä and COSCO Shipping Heavy Industry have signed a Memorandum of Understanding (MoU) covering the development of local production resources, thus ensuring further development and support of Wärtsilä’s exhaust gas cleaning systems (EGCS) in the region. The agreement was signed in June 2019.By combining the experience, expertise and competence of the two companies, both of whom hold strong positions in the marine market…
First Wärtsilä HY hybrid tug delivered
The technology group Wärtsilä’s hybrid power module solution, the Wärtsilä HY, is now fully operational on the ‘Vilja’, an escort tug owned by the Swedish port of Luleå.The tug was built at Gondan Shipbuilders in Asturias, Spain and was delivered in the end of June 2019 following successful completion of the commissioning and sea trials. The Wärtsilä HY is the first hybrid power module in the marine industry…
Wärtsilä Forms New Biofuel Arm
Finnish shipping technology group Wartsila has merged its Puregas Solutions and biogas liquefaction teams to form a new Biogas Solutions unit that will offer its…
Wärtsilä, Oshima & DNV GL Produce Bulker Design
The technology group Wärtsilä, Japanese ship builder Oshima Shipbuilding, and the classification society DNV GL have delivered the first results of their joint industry development project. At the recent Nor-Shipping exhibition held in Norway, the project partners announced a next-generation 62,000 dwt Ultramax Bulk Carrier design that is optimized according to actual operating profiles, and that will meet coming emissions legislation.
Marine Cities: The Next Great Disruptor
There was general consensus that cities are fast becoming the drivers of global development in a world that needs to find greener and more sustainable solutions…
Wärtsilä's FW System Yields One TPD Fuel Savings
The technology group Wärtsilä has successfully installed its Serck Como Horizontal Tube Evaporator (HiTE) fresh water production system onboard the pipe-laying vessel, ‘Lorelay’, owned by offshore contractor Allseas. This is the first commercial installation of this Wärtsilä innovation. The retrofit project produces clean water for technical applications and human consumption, and has led to fuel savings…
Wartsila, Grimaldi Cut 3.5% Fuel Bills
Finnish technology group Wärtsilä, the Netherlands based Maritime Research Institute MARIN and Italian ship owner Grimaldi, have together successfully designed an Energy Saving Device (ESD)…
