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 Sells Pumps Business to Solix Group
Finnish technology group Wärtsilä has divested its pumps business to Solix Group, a Scandinavian investment company with offices in Copenhagen, Denmark and Malmö…
Wärtsilä Acquires Burriel Navarro
Technology group Wärtsilä said it has acquired Spanish underwater services provider Burriel Navarro, S.L.Burriel Navarro, which performs a range of underwater work, including inspection, repair and hull cleaning from Spain's main ports, will be part of Trident, a company Wärtsilä acquired in early 2018.Wärtsilä said the Burriel Navarro acquisition further supports the growth of its underwater services…
Coast Guard Receives 20th BWMS Type Approval Application
The Coast Guard Marine Safety Center received its 20th application for Ballast Water Management System type approval for the Aquarius UV Ballast Water Management System manufactured by Wärtsilä Water Systems Ltd.MSC will review the application for compliance with U.S. Coast Guard regulations in 46 CFR 162.060. Once it has been determined that the application meets the requirements, the MSC will issue…
Wärtsilä Designs Unique Factory Trawler
Wärtsilä has been contracted to provide the ship design for a state-of-the-art factory fishing trawler. The vessel will be unique in having the combined capabilities of twin trawling for many different fish species, having both conventional winching as well as pumping systems for bringing the catch onboard, and being able to process fish from other vessels. The ship is to be built in Kaliningrad at the Yantar shipyard for RK named after V.I. Lenin (RK Lenina), the owner.
Project Forward Initiative Cuts CO2 Emissions
The Project Forward initiative led by Athens-Based Arista Shipping, with Wärtsilä as one of the participants, demonstrates that with LNG as fuel, an advanced hull design…
Marco Ryan Plots a Digital, Connected Course for Wärtsilä
When talk turns to the digital revolution sweeping through the maritime industry, one need look no further than Wärtsilä, which has evolved from a shipbuilding company to an engine manufacturer, and is now embarked on a historic digital transformation led by Marco Ryan, Chief Digital Officer & EVP. We met with Ryan recently in Hamburg, Germany, to discuss the path and pace forward.To start, please…
Wärtsilä Launches Acceleration Center in Singapore, Co-Creates IntelliTug
Wärtsilä has opened its purpose-built Acceleration Center in Singapore to promote innovation and collaboration with industry, academia and local partners to strengthen and develop Singapore’s maritime ecosystem. The opening follows an agreement signed between Maritime and Port Authority of Singapore (MPA) and Wärtsilä in April 2018 to collaborate in areas of intelligent vessels, connected smart port operations, cyber-physical security, and digital acceleration with start-ups.
Wärtsilä to Power Ponant's New Cruise Ship
Wärtsilä’s 31DF dual-fuel engine, which emphasizes outstanding efficiency, extremely economical fuel consumption and minimal emissions, has been selected to power a new polar ice-class luxury cruise vessel is being built for the France-based operator Ponant at Vard Søviknes, a part of VARD shipbuilding group in Norway.Because the 150-meter-long ship will operate in environmentally sensitive Arctic and Antarctic waters, it will operate primarily on LNG.
Wärtsilä, Royal Caribbean Extend Partnership to 2028
Wärtsilä and Royal Caribbean Cruises Ltd. have extended their long-term service agreement to 2028, as the marine and cruise industry is moving more and more toward long-term partnerships.Under the agreement, Wärtsilä is optimizing maintenance efficiency through improved turbocharger maintenance, providing OEM spare parts, workshop services and preferred technical assistance for 46 Royal Caribbean Cruises’ ships.
Wärtsilä Reorganizes Into Marine and Energy Units
Finnish based technology group Wärtsilä announced plans to reorganize into two business areas, Wärtsilä Marine Business and Wärtsilä Energy Business, covering both new sales and services for the respective markets.The new organizational structure will be operational as of January 1, 2019.Jaakko Eskola, President & CEO, said, “Developing stronger partnerships with our customers and providing them with greater value is essential for reaching our long-term target of profitable growth.
ABS Grants AIP for Wärtsilä HY Hybrid Power Module
Wärtsilä’s hybrid power module, the Wärtsilä HY, has been granted Approval in Principle (AIP) by ABS. This AIP follows another issued by ABS in 2017 for Wärtsilä’s hybrid propulsion tug designs.Wärtsilä said it leveraged its strengths in both engine design and electrical and automation (E&A) systems do develop the fully integrated hybrid power module combining engines, an energy storage system and…
Wärtsilä Automation for Maersk Tankers
Wärtsilä inked an agreement to supply propulsion control system and advanced alarm and control system, the Nacos PCS/MCS Platinum, for Maersk Tankers’ six 110 DWT…
Maritime's Future is Digital, Clean
Last week in Hamburg, Germany, SMM 2018 was held, the single biggest and arguably best exhibition on the maritime calendar globally. Maritime Reporter & Engineering News/MarineLink.com had a crew of seven on scene in Hamburg covering multiple, simultaneous conferences and meetings, a full schedule of social events and, of course, the signature four-day exhibition which saw nearly 2,300 exhibitors and more than 50…
Wärtsilä: 'An Oceanic Awakening'
Wärtsilä has unveiled a global initiative that aims to transform the world’s marine and energy industry into a more efficient, ecologically sound and digitally connected ecosystem. The initiative, which Wärtsilä calls “An Oceanic Awakening”, was announced at the SMM maritime trade fair in Hamburg.Wärtsilä said its drive to activate a fully-integrated smart ecosystem aims to address major maritime inefficiencies that impose a significant negative impact on profitability and sustainability…
Wärtsilä Rolls Out New Solid State Radar
Wärtsilä introduced its new Nacos Platinum solid state S-Band radar system at the SMM trade fair in Hamburg.The next generation marine radar offering promotes safety via optimized target detection, regardless of the prevailing environmental conditions, the manufacturer said. Furthermore, the compact design enhances system reliability, while the elimination of a magnetron creates a reduction in maintenance…
Coast Guard Approves Wärtsilä BWMS
The technology group Wärtsilä’s Aquarius EC Ballast Water Management System (BWMS) has been granted Type Approval by the United States Coastguard (USCG) authorities.This…
Zaitoun Green Shipping Forms Consortium for New Maritime Model
Dubai based Zaitoun Green Shipping has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on…
WinGD, Wärtsilä and GTT Partner on LNG Propulsion
A collaboration between three of the marine sector’s major technology companies aims to make the use of liquified natural gas (LNG) fuel a truly viable option for ship owners and operators.By combining their expertise and experience, WinGD, Wärtsilä and GTT deliver an effective, streamlined approach for achieving compliance with environmental legislation.LNG fuel, considered a key enabler of ‘green’ propulsion for ships…
New Gensets for De Beers’ Diamond Mining Vessel
Wärtsilä and De Beers Marine have signed an agreement for the replacement of generating sets aboard De Beers’ diamond mining ship Debmar Pacific. The vessel, originally built in the 1970s, will be outfitted with new Wärtsilä gensets to extend its lifetime and improve reliability.Debmar Pacific is engaged in diamond mining operations off the coast of Namibia. With modern gensets, the lifetime of the vessel is extended and its specific fuel oil consumption (SFOC) is reduced.
Wärtsilä is Building a Tech Hub in Vaasa
Wärtsilä is building a new center of research, product development and production, in Vaskiluoto, Vaasa. As of 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new Smart Technology Hub, along with the logistics and maintenance workshop operations from Runsor.As a part of the project, Wärtsilä will invest 83 million euros in modern testing and production technology for the hub.
