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, Samsung Heavy Industries Partner
Finland based technology group Wärtsilä and South Korean shipbuilder Samsung Heavy Industries (SHI) will set out to develop more efficient solutions for liquefied natural gas (LNG) carriers and shuttle tanker vessels, under a new joint development project (JDP) agreement signed Wednesday at the LNG19 exhibition in Shanghai.According to Wärtsilä, who issued a press release announcing the agreement on Thursday, the JDP will build on shared knowledge and experience between the two companies.
Trident Opens UAE Diving Center
Trident, a subsidiary of Wärtsilä, is strengthening its underwater-related servicing capabilities with the opening of a new diving center facility in Fujairah, United Arab Emirates. This expansion into a major global shipping region will enhance Wärtsilä’s ability to serve its customers with underwater repairs, refurbishments and maintenance. The UAE center became fully operational in February 2019.Wärtsilä…
Can the Cruise Shipping Boom Continue?
As the global cruise industry enjoys it most robust period of growth ever, the question invariably becomes: How long can it last?Cruising, which is a blend of the hospitality and maritime businesses, continues to grow at a historic pace. The Cruise Trends & Industry Outlook publication from Cruise Lines International Association (CLIA) projects a passenger count of 30 million in 2019 – up nearly 2 million from the previous year.
Wärtsilä Power for Two New Tug Boats
The engines and steerable thrusters supplied by Wärtsilä are delivering for a pair of two new tug boats operated by the Turkish Directorate General of Coastal Safety. Following sea trials, the first vessel is already in operation, while the second will enter service in April 2019. The vessels were built in Eregli under project management by the Yutek shipyard and site team, and the orders with Wärtsilä…
Wärtsilä to Design, Equip Arctic Vessel
Wärtsilä won the contract to design a multipurpose transport vessel that will operate in Antarctic waters. Wärtsilä will also provide the vessel with a comprehensive package of integrated propulsion and hybrid solutions to ensure highly efficient and environmentally sustainable operations. The ship has been ordered by Norway-based Aker BioMarine and will be constructed in China, at CIMC Raffles. The ship design order with Wärtsilä was booked in December 2018…
Wärtsilä Tests Remote Service Capabilities
The technology group Wärtsilä has successfully tested its remote guidance service, thereby creating an entirely new dimension in vessel repair and maintenance operations. Through real-time communication using voice-controlled Augmented Reality (AR) wearables and remote guidance software, ship crew members, field service engineers and shipyard personnel can communicate with shore-based experts anywhere in the world.
ESS Saves Fuel for North Sea Construction Ship
One of the world’s largest and most advanced subsea construction vessels has been equipped with three energy storage systems (ESS), featuring for the first time ever energy and load sharing capability.Finland based technology group Wärtsilä said the new system on board North Sea Shipping AS owned North Sea Giant combines a diesel-electric configuration with batteries, and is designed to deliver as…
Wärtsilä to Provide BWMS for Eletson's Tankers
The technology group Wärtsilä’s dual technology option for Ballast Water Management Systems (BWMS) will enable Greece based operator Eletson Corporation to have its entire fleet retrofitted from a single provider. A total of 23 product oil, chemical, and LPG carriers of the company’s fleet will be retrofitted with up to 69 Wärtsilä BWMS units, comprising of both their Aquarius UV (ultra-violet) and Aquarius EC (electro-chlorination) systems.
Wärtsilä Modular Waterjets Upgraded
The technology group Wärtsilä has announced that its LJX series of modular waterjets has been upgraded to deliver even greater efficiency with low levels of cavitation and underwater noise. Following this upgrading, the company’s modular waterjets will be redesignated as the Wärtsilä WXJ series.The development is based on a new axial pump design, which boosts performance with an increased thrust of as much as 3 percent…
Wärtsilä Increases Efficiency of Portuguese Ports
The technology group Wärtsilä has successfully completed the installation and operational staff training for its Vessel Traffic Service (VTS) solution in the ports of Lisbon and Setúbal / Sesimbra in Portugal.The systems will increase the efficiency of these ports by reducing waiting time for vessels and allowing just-in-time pilotage. The state-of-the-art solution has been developed and supplied by Transas, a Wärtsilä company.
Wärtsilä inks Maintenance Deal With MSCL
Wärtsilä signed an 5-year optimized maintenance agreement with Marine Service Company Ltd (MSCL), a Saudi Arabian tug operator, significant as it is the first ever such agreement that Wärtsilä has signed with a marine operator in Saudi Arabia. MSCL operates four terminal escort tugs operating in the port of Rabigh, and the comprehensive maintenance planning is designed to streamline the vessels’ operations.
Wärtsilä solution for Tokyo LNG Tanker Co.
Wärtsilä signed a long-term Wärtsilä Optimized maintenance solution with Japan's Tokyo LNG Tanker Co. Ltd, a subsidiary of Tokyo Gas. The solution is designed to support the customer in a range of maintenance needs for three LNG carriers powered by Wärtsilä 50DF dual-fuel engines. The solution, the first of its kind between Wärtsilä and a fully owned Japanese marine customer, covers scheduled maintenance as well as dynamic maintenance planning inspections and spare parts.
Wärtsilä EnergoProFin Gets Vancouver OK
Marine technology specialists Wartsila’s energy-saving propeller cap has been included in the 2019 Vancouver Fraser Port Authority’s EcoAction Program which offers…
World's First: Wartsila Intros Hybrid Retrofit
The Finnish technology group Wärtsilä has signed an agreement with the international shipping company Hagland Shipping AS for a hybrid retrofit installation.The…
Wartsila Bags Energy Storage Contract from ContourGlobal
Wartsila has won a 6 MW energy storage project contract for the Caribbean island of Bonaire from ContourGlobal Bonaire, a subsidiary of London based ContourGlobal.The engineering…
Wärtsilä Bags New Orders for Aquarius UV BWMS
Finnish technology giant in the marine and energy markets Wärtsilä Oyj announced that it has recently been awarded a number of contracts to supply its Aquarius UV…
Wärtsilä Chosen for State-of-the-art Fishing Vessel
The technology group Wärtsilä will provide the ship design, as well as the main engine and other propulsion equipment, for a new state-of-the-art fishing vessel. The ship will be built at the Balenciaga shipyard in Spain for Castlehill, the Fraserburgh, Scotland based owners. The order with Wärtsilä was booked in November 2018.The 69.8 meters long ‘Resolute’ will replace an existing trawler of the same name in the owner’s fleet.
Wärtsilä 14: New High-Speed Engine
At an exhibition in New Orleans Wärtsilä debuted its first Wärtsilä-branded high-speed engine.The Wärtsilä 14 is a high-speed, compact engine designed to fit requirements for limited space and weight, lower capital expense, to meet current and future global emissions regulations, and to provide customers with improved efficiency, safety, and environmental sustainability.The Wärtsilä 14 serves both as main propulsion and auxiliary genset and is ideal for hybrid installations.
Wärtsilä Automated Shipping Tests Successful
Finnish technology group Wärtsilä conducted a successful round of tests on its automated dock-to-dock solution. The system was tested on ‘Folgefonn’ ferry, which…
First Wärtsilä 31 Retrofit for Norwegian Fishing Vessel
Norwegian fishing vessel Gardar is about to become the first fishing vessel to be retrofitted with a Wärtsilä 31 main engine, with significant improvements promised…
