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
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…
Transas to Promote Fleet Efficiency for Wilson Ship Management
Transas said it booked an order in Q1 2018 with the Norway-based fleet operator Wilson ASA to supply a Fleet Operations Solution (FOS) including onboard navigational and communication components to provide enhanced connectivity for business communications and crew services, and access to fleet data from shore-based locations for complete situational awareness.For Transas, which was acquired by Wärtsilä in May 2018…
With $23.5B in Waste, Maritime is 'Trending Digital'
Timely with the announcement today that Kongsberg is buying Rolls-Royce Commercial Marine, the July 2018 edition of Maritime Reporter & Engineering News, out shortly, covers in depth the digitization technologies sweeping maritime, as written by MR's Finnish correspondent Henrik Segercrantz. Earlier this year Segercrantz, based in Helsinki, met with a number of leaders in the push toward digitization…
Wilhelmsen Inks Scrubber Maintenance Deal with Wärtsilä
Wärtsilä and Norwegian Wilhelmsen Ship Management, a Wilhelmsen group company, have signed a five-year agreement covering the maintenance of exhaust gas cleaning systems installed in three vessels managed by Wilhelmsen Ship Management. All three vessels have a 25 MW Wärtsilä Hybrid Scrubber System, which can operate in both open and closed loop, using seawater to remove SOx from the exhaust gas. In…
Wärtsilä to Equip Environmentally-friendly Dredger
Wärtsilä said it bagged a contract in March to provide the engines, propellers and control system for a new, large-size hopper dredger being built by the Netherlands-based shipbuilding company Damen Shipyards Group. The vessel has been ordered by Cemex UK, supplier of building materials.Wärtsilä will prepare the engines ready for use with selective catalytic reduction (SCR) technology to reduce emissions…
PSA Marine Orders LNG-fueled Harbor Tug
Wärtsilä said it has been contracted to design and equip one of PSA Marine (Pte) Ltd's newest harbor tugs. Operating on liquefied natural gas (LNG) fuel and incorporating fuel efficiency features, the harbor tug, which will be built by PaxOcean Shipyard, will be aligned with the maritime industry’s increasing emphasis on environmental impact. The order with Wärtsilä, booked in March 2018.The 28-meter long…
Norwegian Ferry Tests Autodocking System
A ferry owned by Norwegian operator Norled is the first in the world to experiment with autodocking technology.Equipped with Wärtsilä’s innovative autodocking system, the 83-meter ferry Folgefonn concluded three months of testing with harbor docking trials in April.The autodocking system activates some 2,000 meters from the berth and keeps the vessel transiting at its normal transit speed until it gradually slows down to activate the line-up and docking maneuver.
Shipping Cyber Academy Established in Singapore
Wärtsilä is partnering with the cyber security company Templar Executives to establish a cyber academy in Singapore. The academy will offer courses designed to support and enhance the collective cyber maturity of the wider shipping community, notably operators and owners.“We believe this is a first for the maritime industry; a center of excellence including a cyber academy, combining threat intelligence…
Wärtsilä Signs MoU to Promote Maritime Technologies in Singapore
Wärtsilä has partnered with the Maritime and Port Authority of Singapore (MPA) to promote maritime innovation and R&D. The partnership covers four different streams: digital acceleration, cyber-physical security, intelligent vessel and port operations. Wärtsilä and MPA have also agreed to support and leverage start-ups and small and medium enterprises in Singapore in these four streams.“This partnership with MPA is a great example of how combining digitalization ecosystems thinking…
Wärtsilä: Maintenance Pact for Viking Grace
Wärtsilä and Viking Line signed an Optimized Maintenance agreement for the Wärtsilä LNGPac system onboard passenger ferry Viking Grace, significant in that it is the first Optimized Maintenance agreement ever made for Wärtsilä LNGPac, a complete gas handling system for ships fueled by liquefied natural gas (LNG). Viking Grace was the first passenger ferry to useLNG as a fuel source. The agreement also includes Condition Based Maintenance (CBM) and online support for the Wärtsilä LNGPac system.
NL Networks, Portcall.com win Wärtsilä Start-up Challenge
The first Wärtsilä SparkUp Challenge, an initiative to find innovative start-ups to develop ideas for the smart shipping value chain, has been won by KNL Networks and Portcall.com.
