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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 Solution for 15 LNG Powered Barges
A series of 15 inland waterway barges being built for Belgium based Plouvier Transport N.V., and which will be chartered by Shell Trading Rotterdam (Shell), are…
Wärtsilä Waterjets for Australian Ferry
The Incat Tasmania Pty shipyard in Hobart, Australia has again specified Wärtsilä waterjets and controls for a new fast ferry, the 'KatExpress 3', being built for Danish operator Mols-Linien.
Wärtsilä Systems for Vietnamese Tankers
Three new 21,800 dwt chemical tankers, under construction at two different shipyards in Vietnam owned by Triyards Holdings Limited, will feature integrated Wärtsilä…
Wärtsilä Control Systems for 3 New Containerships
Wärtsilä's Nacos Platinum Integrated Navigation Automation Control System has been selected for a series of three 'mega-class' container vessels being built for…
Wärtsilä Power for Two Icebreakers
Two new Aker Arctic designed icebreakers, under construction at the PJSC Vyborg Shipyard in Russia, will have their main power provided by Wärtsilä generating sets.
Wärtsilä Strengthens Its Position in China with New Propulsion Orders
Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained…
Wärtsilä Sternguard In-Water Serviceable Seal Launched
Wärtsilä, the marine and offshore industry's leading solutions and services provider, introduces an innovative new seal that can be fully serviced underwater, without setting up a habitat.
Wärtsilä Propulsion for Antarctic Icebreaker
A new Polar Logistics Vessel being built for Terre Australes et Antarctiques Françaises (TAAF) and the French Polar Institute (IPEV), and which will be operated by the French Navy…
Wärtsilä Design & Propulsion Machinery for Pelagic Trawler
A new pelagic fishing trawler ordered by Scottish owner Mewstead LLP will be built according to a Wärtsilä design and will feature a broad scope of Wärtsilä propulsion machinery.
Wärtsilä Propulsion for LNG Bunker Vessel
A new 5,800-cubic-meter LNG bunker and feeder vessel, being built for Sirius Veder Gas AB at Royal Bodewes, Hoogezand, in the Netherlands, will be powered by a Wärtsilä propulsion solution.
Wärtsilä JV Breaks Ground in China
![Picture at the groundbreaking ceremony, Roger Holm, Senior Vice President, Engines, Wärtsilä Marine Solutions and Wu Qiang, President of CSSC, in the middle. (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/picture-at-the-groundbreaking-ceremony-51561.jpg)
CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC) celebrated the beginning of construction on its new 20,000 sq.m. factory with a groundbreaking ceremony on October 28 in Lingang, Shanghai. Following the groundbreaking ceremony, strategic cooperation agreements were signed between CWEC and the Hudong Zhonghua and Shanghai Waigaoqia (SWS) shipyards. According to Wärtsilä , these agreements will be instrumental…
Wärtsilä Debuts Mobile LNG Power Generation
![Image: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-51408.jpg)
A new liquefied natural gas (LNG) storage and regasification barge concept introduced by Wärtsilä's Marine Solutions and Energy Solutions businesses aims to provide a flexible means of meeting small- to medium-scale requirements where pure land-based LNG options are limited. The Wärtsilä Mobile LNG can be combined with a barge-mounted power plant having an output capacity of up to 250 MW, or it can alternatively be used to supply conventional land-based power plants.
Wärtsilä to Launch Innovation Contest
Wärtsilä launches an innovation contest, Wärtsilä Marine Mastermind, aimed at start-up companies and entrepreneurs, in connection with the start-up event Slush.
Wärtsilä Ship Design for Offshore Wind Farm Service Vessels
Wärtsilä has been contracted to supply the ship design for the ‘Vestland Cygnus’, a Platform Supply Vessel (PSV) owned by Norway based Norside AS that is to be converted…
Wärtsilä 31 Engine for Aker ARC 124 Icebreaker
The recently introduced Wärtsilä 31 engine, which has been acknowledged by Guinness World Records as being the world's most efficient four-stroke diesel engine,…
Wärtsilä Debuts Package for hydropower & industrial plant
Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals…
Wärtsilä to Optimize GasLog's LNG Carriers
![GasLog's Santiago vessel (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/gaslogs-santiago-vessel-photo-wrtsil-50225.jpg)
Wärtsilä informs it has signed a maintenance agreement with the GasLog LNG Services Limited that aims to ensure the reliability of operation of GasLog's seven LNG carriers, each having a cargo capacity of 155,000 cbm. According to Wärtsilä, the demand for predictive analytics and advisory services is increasing. By analyzing the data collected from GasLog's vessels, Wärtsilä said it is able to provide valuable information regarding the condition of the equipment…
Wärtsilä Adds Thruster to Inland River Portfolio
Wärtsilä introduces the latest addition to its thruster product portfolio, the Wärtsilä WST-14 steerable thruster, which represents state-of-the-art azimuthing propeller technology.
Wärtsilä Propulsion for Norwegian Fishing Vessel
A new factory trawler fishing vessel being built for Norwegian marine trawling operator Halstensen Granit AS is to feature a complete Wärtsilä propulsion solution.
Wärtsilä Scrubbers for Finnlines Vessels
Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems.