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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
Transas to Promote Fleet Efficiency for Wilson Ship Management
![](https://images.marinelink.com/images/maritime/w200h200c/-88122.png)
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'
![](https://images.marinelink.com/images/maritime/w200h200c/-88081.jpg)
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
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-86854.png)
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
![The new Damen dredger featuring Wärtsilä propulsion equipment will be one of the most environmentally sustainable vessels of its type. (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/the-new-damen-dredger-featuring-86780.jpg)
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 will design and equip one of PSA Marine (Pte) Ltd (“PSA Marine”)’s newest harbor tugs. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-will-design-and-equip-85931.png)
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
![(Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-85555.jpg)
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
![Templar Executives MoU (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/templar-executives-mou-photo-wrtsil-85554.png)
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 partners with the Maritime and Port Authority of Singapore to promote maritime technologies. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-partners-with-the-maritime-85496.png)
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
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-85287.png)
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.
Wärtsilä to Optimize Performance of Four TMS Cardiff Gas Vessels
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-82800.png)
Wärtsilä is expanding its cooperation with the Athens based ship management company TMS Cardiff Gas Ltd. Under the recently signed maintenance agreement, Wärtsilä ensures the maintenance predictability of the operation of four TFDE LNG Carriers in TMS Cardiff Gas’ fleet. Eniram’s data collection platform and advanced data analytics helps TMS Cardiff Gas to achieve optimal fleet operations, resulting in reduced fuel costs and emissions.
Wärtsilä Inks 25 Maintenance Deal with Maersk Drilling
![(Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-82660.jpg)
Wärtsilä said it has entered a cooperation with drilling contractor Maersk Drilling to create a 25-year thruster maintenance strategy for Maersk’s three semisubmersible rigs and four drillships. The parties have already completed the strategy work on the D-rigs and commenced the strategy work related to V-Drillships. By reducing the thruster exchange time, the deep-sea rigs and drillships will spend less time in sheltered waters for thruster maintenance, Wärtsilä said.
Wärtsilä See Increase of BWMS Retrofit Service
![Aquarius (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/aquarius-photo-wrtsil-82051.jpg)
With entry into force of the ballast water treatment regulation now less than two years away, Wärtsilä BWMS and scrubber retrofit engineering services are seeing considerable increase in interest in their experience and risk reduction offerings. The International Maritime Organization’s (IMO) Convention for Ballast Water Management entered into force on September 8, 2017. To meet the IMO requirements…
Wärtsilä to Take a Look at Rolls-Royce's Marine Business
![(Image: Rolls-Royce)](https://images.marinelink.com/images/maritime/w200h200c/image-rollsroyce-81992.jpg)
Finland's Wärtsilä said on Wednesday it will take a look at Rolls-Royce's loss-making marine business which the British company is reviewing for possible sale. "If we see any interesting player in the market, who would fit well to our strategy... we would definitely look at it," Wärtsilä Chief Executive Jaakko Eskola told a news conference. The two companies said in 2014 that Rolls-Royce had made an approach to take over Wärtsilä, but those talks ended without a deal.
Wärtsilä Extends Service Agreement with WinGD
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-81953.png)
Wärtsilä said it has signed a 10-year service partnership agreement with the Swiss company Winterthur Gas & Diesel Ltd. (WinGD), a developer of two-stroke low-speed gas and diesel engines used for propulsion power in merchant shipping. The new partnership agreement appoints Wärtsilä as an authorized global service provider for all WinGD products and provides WinGD and its customers continued access to Wärtsilä’s worldwide service network and comprehensive services offering.
Wärtsilä Developing Hybrid Tug for Brazil
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-81345.jpg)
Wärtsilä said it has signed a memorandum of understanding (MoU) to develop a new environmentally friendly tug design for a new port facility being built in the Brazilian city of São Mateus. The MoU, signed with Petrocity, parent company of a new port facility, will see Wärtsilä develop a harbor tug design based on its recently launched Wärtsilä HYTug, which features hybrid propulsion and energy storage using batteries.
Wärtsilä Acquires Trident B.V.
![(Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-80801.jpg)
Wärtsilä said it has acquired Netherland based Trident B.V., a specialist in underwater ship maintenance, inspection and repair services. The acquisition is expected to close in January 2018. The enterprise value of the transaction is €17.5 million ($20.8 million) and an additional €3.5 million ($4.2 million) earn-out, based on the business performance in the coming years. The turnover of Trident is approximately €9 million ($10.7 million).
Mitsubishi, Wärtsilä Joins for Improved Power and Propulsion Solution
Mitsubishi Heavy Industries Marine Machinery & Equipment Co., LTD (MHI-MME) and the smart technology group Wärtsilä have signed a Memorandum of Understanding (MOU)…
Wärtsilä Signs on Shuttle Tanker Development Project
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-80355.png)
Wärtsilä has signed a joint industry project cooperation (JIP) undertaking with Dalian Shipbuilding Industry Company (DSIC), a part of the China Shipbuilding Industry Corporation. The objective of the JIP is to develop a preliminary production level design for a 127,000 dwt shuttle tanker that may be built by DSIC with DNV-GL classification. The agreement was signed in October 2017. The demand for shuttle tankers is forecasted to increase…
Wärtsilä Launches Fuel-saving VER System
The technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly…