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 JV Breaks Ground in China
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
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
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.
Wärtsilä 34DF Becoming a Trendsetter
The upgraded version of the Wärtsilä 34DF engine is rapidly becoming established as an industry standard. The three major South Korean shipyards are supporting the use of this engine for auxiliary applications in the LNG Carrier segment where dual-fuel engines are favoured. South Korea currently has more than 80% of the total order book for LNG tankers, while the Wärtsilä 34DF engine has achieved an auxiliary application market share of approximately 70% in this sector.
Wärtsilä to Power First Dual-Fuelled Dredger
A new generation "Antigoon" class dredger, called Scheldt River, being built by Royal IHC in the Netherlands on behalf of the Belgium based DEME Group, is to be…
Wärtsilä Cuts 600 Jobs, Cites Weak Market
Wärtsilä announced a realignment of its Ship Power business, now renamed Marine Solutions. The reorganization, triggered by “sluggish global marine market situation” will see the reduction of approximately 600 jobs across Wärtsilä Marine Solutions' global operations, of which some 160 will be in Finland. Wärtsilä says it hopes the realignment will bring annual savings of around €40 million, the effect of which is expected to gradually materialize beginning from the third quarter of 2015…
Wärtsilä X92 Engine for Mega Boxship
The first in a series of 'mega-class' container vessels being built for French Ship owner CMA CGM will be powered by the Wärtsilä X92, low-speed, 2-stroke engine.
New Wärtsilä Subsidiary Trades Classic Engine Parts
Wärtsilä announced it has established a subsidiary to trade spare parts for classic four-stroke Wärtsilä engines. QuantiParts, fully owned by Wärtsilä, will operate…
Wärtsilä Propulsion for New Fishing Vessel
A new fishing vessel being built by Simek AS in Norway on behalf of the U.K. operator Antares (Whalsay) Fishing Company Ltd, will feature an integrated Wärtsilä propulsion solution including main engine, controllable pitch propeller and gearbox. According to Wärtsilä, its two-speed gearbox, PTO/PTI and floating frequency solution will provide the vessel with high levels of operational efficiency and flexibility in different operating modes…
Wärtsilä Hybrid Scrubbers for 3 Box Ships
Wärtsilä has received an order for Hybrid Scrubber Systems to clean the exhaust emissions from three 2,500 TEU container vessels. The installation has been ordered…
Wärtsilä Debuts 4 Feeder Ship Designs
Wärtsilä launched a series of four new container feeder vessel designs at this year's Nor-Shipping exhibition being held in Oslo from June 2 to 5. The designs are based upon achieving optimal fuel efficiency, while being compliant with all known current and future environmental regulations. The four ship designs (the WSD80-1500, WSD80-2400, WSD80-4000 and WSD84-2400) feature low fuel consumption. Each design is available in three versions…
Wärtsilä Engine Bags Guinness World Record
The recently launched Wärtsilä 31 engine has achieved a Guinness World Records title for the most efficient four-stroke diesel engine. Guinness World Records is a universally recognized authority on record breaking achievement. This achievement was verified on May 26, 2015. The listing is based on the Wärtsilä 31 engine's highest fuel efficiency levels, with its diesel fuel consumption being as low as 165 g/kWh.
Wärtsilä Debuts PSV Design at Nor-Shipping
With new rules and regulations affecting the platform supply vessel (PSV) market, Wärtsilä is launching a new PSV ship design at this year's Nor-Shipping exhibition being held in Oslo from June 2-5.
