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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
Wärtsilä BWMS Selected by Minerva Marine
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-72352.jpg)
The technology group Wärtsilä has agreed to supply globally operating tanker vessels managed by Minerva Marine with Aquarius ballast water management systems (BWMS). The agreement covers the retrofit of several vessels and represents an important milestone in the BWMS retrofit market. The main BWMS chosen for tankers managed by Minerva Marine Inc. is the Wärtsilä Aquarius ATEX compliant Electro Chlorintation EX…
Wärtsilä to Optimize Performance for Songa Offshore Drill Rigs
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-71636.jpg)
The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions.
Wärtsilä Launches SmartPredict
![Looking into the future with Wärtsilä SmartPredict. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/looking-into-the-future-with-71596.jpg)
The technology group Wärtsilä launches its latest innovation SmartPredict at this year's Seatrade Cruise Global exhibition in Fort Lauderdale, Fla. from March 13 to 16. Developed by the company's dynamic positioning unit, SmartPredict is designed to provide safer and more efficient vessel operations by reducing the risks associated with maneuvering. The system displays the vessel's predicted future position and heading…
CSSC, Wärtsilä Form Electrical & Automation Joint Venture
![The new joint venture company agreement is signed by Yang Guobing, Chairman of CSSC Electronics Technology Co., Ltd, Ma Yunxiang, Vice chief Economist, Director of Planning and Development Department, CSSC and Stephan Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/the-new-joint-venture-company-71416.jpg)
Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), will focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications. The joint venture company is expected to be fully operational before the middle of 2017.
Wärtsilä joins battle against ocean plastics
The Finnish technology group Wärtsilä has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans.
Wärtsilä BWM Systems for CMA CGM Newbuilds
Four new 3,300 TEU containerships being built for the French shipping group CMA CGM will feature Wärtsilä Ballast Water Management Systems (BWMS). This is the third…
Carnival, Wärtsilä Partner on Ship Performance
![Carnival Dream (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/carnival-dream-photo-wrtsil-69729.jpg)
Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability. The performance-based agreement provides for shared financial incentives and exposure based on outcomes for both companies. The value of the long-term agreement is approximately EUR 900 million.
Wärtsilä CSSC JV Opens Factory in China
CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new…
Wärtsilä Repowers Italian Ferry
The Italian ferry company Moby S.p.A has chosen Wärtsilä to carry out the repowering of its passenger ferry MV Moby Zaza, the final vessel in a series of repowering…
Wärtsilä Helps Optimize Albacora's Fishing Fleet
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-68004.jpg)
Wärtsilä has signed a long-term Technical Management Agreement to optimize the performance of 10 of the Spanish company Albacora S.A.'s fishing vessels. The five-year agreement was tailored to meet the requirements of Albacora's fleet management, providing technical assistance and maintenance planning for fishing vessels operating around the world. Wärtsilä has previously provided Albacora with engines and propulsion systems as well as seals and bearings.
Wärtsilä EnergoProFin for CPP, FPP
Wärtsilä EnergoProFin is a state-of-the-art energy saving solution that increases propeller efficiency and creates fuel savings of up to five percent. The solution…
ENGIE, Wärtsilä to Develop Small Scale LNG Markets
ENGIE has signed a Memorandum of Understanding (MoU) with Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and…
Wärtsilä to Power Chinese Sand Pumping Vessel
![A ceremony was held on October 21 to celebrate the start of construction work on the new vessel. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/a-ceremony-was-held-on-66729.jpg)
The Wärtsilä Yuchai Engine Company Limited (WYEC), a joint venture company founded in 2013, has been contracted to supply two 16-cylinder Wärtsilä 32 engines for a large new sand pumping vessel. The ship is being built at the Dongguan Xiandai Shipbuilding yard for a private Chinese operator, and the order with WYEC was placed in September. The ship will operate on both heavy fuel oil (HFO) and marine diesel oil (MDO).
The Switch Buys Wärtsilä Marine Drives Business
![(Photo: The Switch)](https://images.marinelink.com/images/maritime/w200h200c/photo-the-switch-66540.jpg)
Finland based drive train technology specialist The Switch said it has closed a deal on October 31 to purchase Wärtsilä’s Norway-based marine power drives product range for megawatt-class applications. Backed by Yaskawa, this acquisition aims to provide a platform for the operations to focus on developing its core competences together. “This business unit fits into our own long-term strategy to offer environmental energy solutions for marine…
Wärtsilä EGC Gets First Flag Approval in Asia
The Singapore flag state authorities have approved Wärtsilä's exhaust gas cleaning (EGC) systems, making it the first EGC to be approved by an Asian flag authority.
Wärtsilä to Power Mediterranean's First LNG Ferry
![Baleària's new RoRo passenger ferry (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/balerias-new-roro-passenger-ferry-65845.jpg)
Wärtsilä said it has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry being built for Spanish owner Baleària, an operator serving the Balearic Islands. There is also an option for a second vessel. The contract, signed in August 2016, will also see Wärtsilä provide inclusive project support services to the yard…
Wärtsilä Designed AHTS Delivered to COSL
Two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September.
Wärtsilä Funa Creates Speical Look for Genting Dream
![Wärtsilä is supplying a special external lighting system for the "Genting Dream" cruise vessel. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-is-supplying-a-special-65119.jpg)
Wärtsilä is supplying a special external lighting system for a new cruise ship currently under construction at the Meyer Werft shipyard in Papenburg, Germany. The 150,000 GRT vessel, the "Genting Dream", has been ordered by Dream Cruises, part of Genting Hong Kong, a global leisure company, based in Asia. The ship will be delivered in October. The order with Wärtsilä was placed in the first quarter of 2016.
Danish Ferry Equipped with Wärtsilä 31 Engines
![The new car and passenger ferry being built for Danish operator Mols-Linien will be powered by two eight-cylinder Wärtsilä 31 main engines. (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/the-new-car-and-passenger-65023.jpg)
A new 158-meter-long car and passenger ferry being built for Danish operator Mols-Linien will be powered by two eight-cylinder Wärtsilä 31 main engines. The ship is being built at the Rauma Marine Constructions (RMC) shipyard in Finland. The Wärtsilä 31 was introduced to the market in 2015 and has been recognized by Guinness World Records as being the world's most efficient four-stroke diesel engine.
Wärtsilä Takes Part in Autonomous Shipping Project
Wärtsilä’s strong commitment to developing the technologies, the system reliability, and the essential designs to enable the viability of autonomous shipping is…