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 to Optimize Performance of Four TMS Cardiff Gas Vessels
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
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
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
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
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
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.
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
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…
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.
