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 20 Diesel Engine Gets a Power Upgrade
An upgraded version of the Wärtsilä 20 diesel engine features greater power density thanks to increased cylinder output. The new engine will receive its officially launch at the Marintec conference and exhibition in Shanghai, China from December 5 to 8. According to the manufacturer, the increased maximum output of the new Wärtsilä 20 will enable vessels to accommodate greater payloads or achieve faster speeds with almost the same low fuel consumption as the current version…
Wärtsilä to Equip US LNG Fueling Barge
Wärtsilä said it will provide a broad scope of products and solutions for a new articulated tug barge (ATB) that will be used to supply liquefied natural gas (LNG) fuel to cruise ships along the east coast of Florida, U.S. The 4,000 m3 capacity ATB is being built at the VT Halter Marine (VTHM) shipyard in Pascagoula, Miss. on behalf of Quality Liquefied Natural Gas Transport LLC (Q-LNG). When delivered, the vessel will be on a long-term charter with Shell Oil Co.
Wärtsilä Introduces its Smart Marine Ecosystem Vision
The smart technology group Wärtsilä is at the forefront of harnessing the changes taking place in the shipping industry to deliver value and optimisation for its customers.
Wärtsilä Engines Chosen for Ulstein-SunStone
The technology group Wärtsilä has been contracted to supply the engines and exhaust gas cleaning systems for a new 104 metres long exploration cruise vessel. The…
Wärtsilä to Power Viking Line Ferry
Wärtsilä will supply the engines, the navigation system and a broad scope of other products and systems for a new luxury and environmentally friendly ferry being built for the Finland based operator…
Wärtsilä Supplies Propulsion for Fishing Vessel
Lunar Fishing Company Ltd, based in Scotland, is replacing its existing Lunar Bow purse seiner trawler with a new ship having the same name. The primary considerations…
Wärtsilä Modernizing Vessel for CCG
Wärtsilä will support the 1100 Class High Endurance Multitask Vessels operated by the Canadian Coast Guard, to renew their current propulsion generators. These vessels serve for buoy tending, search and rescue and icebreaking in each of the three Region of the Canadian Coast Guard. The new, more modern propulsion generators will contribute to the vessel's reliability for many years to come. Furthermore…
Wärtsilä Launches Fuel-Saving Pre-Swirl Stator
EnergoFlow is a new energy saving solution that will return ship operators’ investment in less than two years, according to its developer Wärtsilä. By reducing the…
Spanish Ferry Operator Chooses Wärtsilä Waterjets
Wärtsilä said it has won a contract to supply waterjets for a new high-speed ferry being built for Spanish owner Naviera Armas. The vessel is being built at the Incat shipyard in Tasmania, Australia, and the order with Wärtsilä was booked in August 2017. The 109-meter-long, wave-piercing vessel will be the third Incat-built high-speed catamaran to join the Naviera Armas fleet, all three of which incorporate Wärtsilä waterjets.
Wärtsilä Inks Maintenance Deal with GasLog
Wärtsilä said it has signed an engine maintenance agreement with Monaco-based GasLog LNG Services, covering eight LNG carriers operating on Wärtsilä dual-fuel engines. The agreement, effective as of October 1, 2017, consists of Dynamic Maintenance Planning (DMP), technical support, secured availability of spare parts and specialized technical personnel around the clock as well as constant performance monitoring.
Wärtsilä Dual-fuel Engines for LNG Carrier Newbuilds
Wärtsilä, through its joint venture company CSSC Wärtsilä Engine (Shanghai) Co (CWEC), has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China. The order was booked in August 2017. Each of the four 174,000 m3 capacity vessels will be fitted with four Wärtsilä 34DF dual-fuel generating sets running primarily on LNG fuel to provide the ships with auxiliary power. Their total power output will be 56 MW.
Wärtsilä Opening ‘Digital Acceleration Centers’
Wärtsilä has set out to accelerate new business ideas using a collection of “Digital Acceleration Centers” (DAC) scattered around the globe. The first DAC in Helsinki…
Wärtsilä Acquires Guidance Marine
Wärtsilä has acquired Guidance Marine Limited, a technology leader within the marine industry for sensor solutions relating to dynamic positioning and other vessel control systems…
Wärtsilä to Acquire Puregas Solutions
Wärtsilä said it has reached a deal to acquire a Sweden based provider of turnkey biogas upgrading solutions, Puregas Solutions. The transaction is valued (enterprise…
Siemens to Build Wärtsilä Marine Gear Boxes
Wärtsilä and Flender (Siemens AG, Mechanical Drives) have reached an agreement that will transfer the assembly and testing of Wärtsilä's marine gear box portfolio to the Siemens Mechanical Drives facilities in Voerde, Germany. In announcing the deal, Wärtsilä said the new arrangement takes advantage of synergies with processes developed at the Siemens plant to secure the quality and delivery punctuality of the gear boxes, thus providing greater customer value.
Wärtsilä Tests Wireless Charging for Hybrid Coastal Ferry
Wärtsilä informs it has tested its automatic wireless induction charging system on a hybrid powered commercial coastal ferry, the first in the world operating with high power wireless charging capability for its batteries. The tests were carried out in Norwegian during the end of August and early September on the 85 meter long MF Folgefonn owned by Norled, one of Norway's largest ferry operators waters.
Wärtsilä Debuts New Tug Designs
A new portfolio of tug designs, to be known as the Wärtsilä HYTug series, place emphasis on environmental sustainability. Since tugs typically operate in or close to harbors and populated areas, they are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern for tug owners and operators worldwide. Having already introduced tug designs…
Wärtsilä Cargo Handling System for LNG Bunker Barge
Wärtsilä said it booked an order in June to supply the cargo handling system and cargo tanks for a new 3,000 cubic meter capacity liquefied natural gas (LNG) bunker barge currently under construction. The vessel, which is being built in Romania and will be outfitted in the Netherlands, will be owned by LNG Shipping, a consortium between Belgium based Victrol and CFT Corporation based in France. When delivered…
Wärtsilä Tests Remote Control Ship Operating Capability
Wärtsilä said it has taken a further important step toward developing its Smart Marine capabilities by successfully testing the remote control of ship operations. The testing, which involved driving the vessel through a sequence of manoeuvres using a combination of Dynamic Positioning (DP) and manual joystick control, was carried out on August 21 off the North Sea coast of Scotland in collaboration with Gulfmark Offshore, the U.S. based operator who provided the vessel for the project.
Wärtsilä Re-liquefaction Plants Ordered for Newbuild LNG Carriers
Wärtsilä said it has been awarded contracts to supply its re-liquefaction plants to three new LNG carriers currently under construction. One ship is being built at the Samsung Heavy Industries (SHI) yard in South Korea for the international owner and operator Gaslog. The others are for Norway based Knutsen and are being built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order was booked for the Gaslog ship in April 2017 and for the Knutsen ships in May/June 2017.