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
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.
Davie Delivers LNG-powered Ferry
Canadian operator Société des traversiers du Québec (STQ) has taken delivery of MV Armand-Imbeau II, a new environmentally friendly, 92-meter-long ferry built by Chantier Davie Canada.The new vessel will operate on liquefied natural gas (LNG) fuel, enabling STQ - Québec Province ferries operator - to minimize the environmental impact of its operations. The decision is also in line with the Québec’s Maritime Strategy…
Eidesvik Offshore, Wärtsilä Norway and DNV GL Celebrate FellowSHIP
Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery…
Augmented Reality Creates a New Dimension in Marine Maintenance
Digitalization and the rapid development of new technologies is fundamentally transforming the marine industry. New innovations increase efficiency and flexibility. However, these innovations are no longer confined to products and systems. They will also revolutionize marine maintenance services. Wärtsilä Seals & Bearings is introducing augmented reality and smart glasses in stern tube seals & bearings services…
Upgraded Wärtsilä 20 Engine Attracts Multiple Orders
Wärtsilä has received a series of notable orders for the upgraded version of its Wärtsilä 20 engine.A total of 33 engines have been ordered for merchant auxiliary power application in three major shipbuilding projects. The orders, which were booked in June, have been contracted with Wärtsilä Qiyao Diesel Company Ltd (WQDC), the joint venture company of Wärtsilä and Shanghai Marine Diesel Engine Research…
Wärtsilä Inks 10-year Maintenance Deal with Virgin Voyages
Cruise line Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of its three brand new cruise ships due to enter service in 2020, 2021 and 2022.The comprehensive 10-year Optimized Maintenance Agreement, signed on April 30, 2018, gives extensive responsibility of maintenance to Wärtsilä, who will ensure that vessels are powered and operated reliably, efficiently and sustainably.Wärtsilä’s…
Wartsila's Ship Technology Outlook Brightens
Ship technology and power plant maker Wartsila missed profit expectations on Thursday, citing postponed energy projects, but new orders beat forecasts with the help of rising demand for its marine sulphur scrubbers.Shares in the Finnish company dropped 4 percent by 0920 GMT after second-quarter core profit came in flat from a year ago at 123 million euros, way below the 147 million euros expected by analysts in a Reuters poll.CEO Jaakko Eskola…
Royston Completes FPSO Engine Overhaul
An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services.Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m, 103,000 DWT Samsung built Haewene Brim, as part of a comprehensive refurbishment and refit of critical fuel and power systems.The…
Maritime Tech Trends Digital
With digitalization technologies sweeping through maritime, Henrik Segercrantz, Maritime Reporter’s correspondent in Helsinki, explores latest developments in the quest to harness the power of 'big data.'Wärtsilä's Smart Marine EcosystemWärtsilä continues to build its leadership resume in marine and energy markets, boasting net sales of $5.7 billion last year, supported by 18,000 employees with operations in more than 80 countries.
Wärtsilä to Assist Transocean with Thruster Maintenance
Wärtsilä and Transocean will optimize the maintenance of all Wärtsilä thrusters installed within the Transocean fleet, while seeking to reduce dry-docking costs…
Wärtsilä 34DF Engine Awarded EPA Tier III Certification
Wärtsilä marks another milestone for its Wärtsilä 34DF dual-fuel engine.The 34DF engine has been awarded the U.S. Environmental Protection Agency’s (EPA) Tier III certification for diesel mode operation when installed together with the Wärtsilä NOx Reducer (NOR) system, a selective catalytic reduction (SCR) system that converts nitrogen oxides (NOx) with the aid of a catalyst into diatomic nitrogen…