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
Purus Picks Wärtsilä’s Cargo Handling and Fuel Supply Systems for Three New VLECs
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels being built for Purus.The ships are under construction at the HD Hyundai Heavy Industries (HHI) yard in South Korea.In line with the Purus’ emphasis on achieving net zero carbon emissions for its fleet by 2030, the new vessels are…
Wärtsilä Launches New High-Performance Thruster and Propulsion Control Solution
Wärtsilä has introduced a new high-performance thruster and propulsion control solution, which is said to raise the level of offshore dynamic positioning for greater efficiency and operational performance of vessels.The company’s new high-performance thruster and propulsion control solution package utilizes a combination of Wärtsilä’s WST-E embedded electric steerable thruster and WST-R retractable thrusters…
Wärtsilä to Supply Cargo Handling Systems for Solvang’s Newbuild VLGC Vessels
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling systems for additional two new very large LPG carrier vessels to be built at the HD Hyundai Heavy Industries in South Korea.The ships have been contracted by Norwegian ship owner Solvang. The order follows a similar one placed in 2023 for five vessels being built at the same yard for the same owner.The very large gas carriers (VLGCs) are of Panamax size and form the next generation of eco-vessels.
Report: Sustainable Shipping Fuels Can Reach Cost Parity by 2035
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Wärtsilä.The report, titled ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’, states that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative will see the cost of using fossil fuels more than double by 2030.
Wärtsilä Inks Lifecycle Agreement with P&O Ferries for Two Vessels
Technology group Wärtsilä has signed a Lifecycle Agreement with UK-based P&O Ferries for two of its vessels – the M/V Pioneer and the M/V Liberté.The scope of the five-year agreement the Lifecycle Agreement with P&O Ferries includes parts and maintenance services, as well as maintenance planning, operational support and Wärtsilä’s Expert Insight predictive maintenance service.The predictive service enables issues to be identified before they cause a delay in the schedule.
Wärtsilä Delivers Simulator to Sharjah Maritime Academy
Wärtsilä has supplied its latest simulator technology to the prestigious Sharjah Maritime Academy located in Khorfakkan, United Arab Emirates.The comprehensive suite of navigation, engineering, communications and Vessel Traffic Services (VTS) simulators includes full mission, part task and classroom trainers for all levels of training and research, as well as modelling and content creation tools to…
Wärtsilä Partners Up with EBDG to Reduce Port Emissions Across North America
Finnish technology group Wärtsilä has entered into a collaboration agreement with U.S.-based naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) to further develop its Clean Harbor Alternative Mobile Power (CHAMP) Barge design.Featuring Wärtsilä’s methanol engine technology, the collaboration introduces a solution to reduce emissions from large vessels in situations where…
Wärtsilä Relaunches STC0-23 Sewage Treatment Plant
Wärtsilä Water & Waste, part of technology group Wärtsilä, has relaunched the STC0-23 sewage treatment plant, part of its series of Super Trident technologies.The relaunch, which comes after a gap of more than 13 years, sees several improvements to STC0-23, including the smallest and most compact design of any Wärtsilä Water & Waste sewage treatment plant. The technology works with both gravity and…
First of 10 Newbuilds Delivered for FureBear JV
The first vessel in a series of 10 newbuilds has been delivered to FureBear, a 50/50 joint venture between Sweden's Furetank and Canada's Algoma Central Corporation.Fure Vanguard is a dual-fuel ice class 1A 17,999 DWT product tanker built by China Merchants Jinling Shipyard in Yangzhou, China.The FureBear JV was formed in 2022 with an initial order for four ships. Later that year, the partners placed an order for four additional vessels, and in 2023 they ordered two more ships.
New Fuel Supply System Set to Ease Ammonia Adoption by Shipping Industry
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has introduced a new ammonia fuel supply system (AFSS) for ships able to operate with ammonia fuel.The system is available for both liquid and gaseous fuel, enabling the use of ammonia as a marine fuel, according to Wärtsilä.In line with shipping’s transition to decarbonized fuels, ammonia is widely seen as one of the most promising new fuel candidates.
Seatrium Secures World-First CCS Retrofit
Seatrium has secured the world’s first full-scale, turnkey carbon capture and storage (CCS) retrofit from Solvang ASA, Norway.The retrofit of a 7MW Wärtsilä CCS system will be carried out on Solvang’s 21,289 cubic meter ethylene carrier, Clipper Eris, and is scheduled to commence in the third quarter of this year. The project will use amine cleaning technology to capture 70% of the CO2 in the exhaust gas from the main engine.Seatrium’s scope of work includes basic design…
Furetank Orders Two More Vessels
Furetank adds another two Vinga vessels to the order line. Upon delivery, Furetank’s fleet will consist entirely of environmentally proven, top standard vessels with an average age of two years, the company said."We did our homework. This development towards sustainability has been an amazing journey," said Furetank CEO Lars Höglund.The vessels are number 20 and 21 in the Vinga series of intermediate size product tankers and will be fully owned by Furetank Rederi AB.
Irish Naval Service Signs Up for Wärtsilä Optimized Maintenance Agreement
Wärtsilä announced it has signed a five-year Optimized Maintenance Agreement with the Irish Naval Service. The agreement, which covers four offshore patrol vessels (OPV), is designed to ensure operational reliability along with long-term cost predictability.“We have had good experience with Wärtsilä over the years, and we have great trust in their capabilities. This agreement will help us to achieve the level of efficiency and reliability that we aim for…
Aurora Botnia - RoPax Ferry + Greentech Proving Ground
Built by Rauma Marine Constructions, in Rauma, Finland, and launched in 2021, the 150-meter-long Aurora Botnia boasts a long list of onboard equipment that help it to earn its “green” designation, a label that is confirmed via a Clean Design notation from classification society DNV. The ship is also compliant with the International Maritime Organization’s (IMO) 2030 greenhouse gas reduction target.Wasaline…
Aiming for Zero Waste Discharge to Sea
Advanced water treatment systems are just the start of the cruise industry’s circular waste processing ambitions.Advanced wastewater treatment systems (AWTS) were revolutionary in their day. Indeed, they still are today, but with 77% of the CLIA fleet (202 ships) already using them, and another 40 specified for vessels on order, even more ambitious waste management is coming.Martin Shutler, Principal Engineer…
Wärtsilä’s Inks Deal for Supplies on Four new LPG Ships
Wärtsilä will supply the cargo handling and fuel supply systems for four new 40,000 m3 gas carrier vessels. The ships are being built at the CIMC SinoPacific Offshore & Engineering (SOE) shipyard in China for Norwegian shipowner Avance Gas. The Wärtsilä LPG Fuel Supply System (LFSS) is a system that enables the use of LPG as fuel. This increases operational efficiency and supports environmental sustainability.These will be the first medium sized LPG carrier vessels built at the SOE yard.
Interview: Juha Kytölä, Director of R&D and Engineering, Wärtsilä
As maritime faces transcendent changes in terms of decarbonization and automation, Juha Kytölä, Director of R&D and Engineering, Wärtsilä, discusses how this Finnish maritime technology powerhouse is investing in the technologies and facilities that will drive the maritime industry for the coming generation, including insights on its unique arrangement for a future fuel engine testbed onboard Wasaline’s MS Aurora Botnia.To start off…
Wärtsilä to Roll Out Four More Methanol Engines
Technology group Wärtsilä said it plans to introduce another four methanol engines to its portfolio. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä will add the Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS, available for deliveries at different points from 2025 onward.Methanol is one of the primary alternative fuel choices for the shipping industry to achieve net zero carbon emissions by 2050.
Thordon Bearings and Wärtsilä Promote Stern Tube-Less Ship Concept
Thordon Bearings and Wärtsilä have announced the formation of the Blue Ocean Alliance to develop and promote a stern tube-less ship concept.The Blue Ocean Alliance brings together Thordon Bearings, Wärtsilä, the School of Naval Architecture & Marine Engineering of the National Technical University of Athens (NTUA), naval architect SDARI (Shanghai Merchant Ship Design & Research Institute CSSC) and…
Gensets: New Fuels but Perennial Goals
Fuel flexibility may be a key driver for recent developments in gensets, but the perennial goals of lowering CapEx and OpEx remain.Fuel flexibility is one of the pillars of decarbonization that is being embraced by genset OEMs. Fuel efficiency, a second pillar, goes hand in hand with that because new fuels will be more expensive, but these concerns come in addition to the on-going drive to reduce CapEx…
