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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 34DF Becoming a Trendsetter
![Picture of a 6-cylinder in-line Wärtsilä 34DF engine.](https://images.marinelink.com/images/maritime/w200h200c/picture-of-a-6cylinder-inline-48925.jpg)
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 31 engine (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-31-engine-photo-wrtsil-47254.png)
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
![The new fishing vessel will feature an integrated Wärtsilä propulsion solution including main engine, controllable pitch propeller and gearbox. (Image: Simek, Skipsteknisk)](https://images.marinelink.com/images/maritime/w200h200c/the-new-fishing-vessel-will-46780.jpg)
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
![The four new Wärtsilä container feeder vessel designs (Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/the-four-new-wrtsil-container-45122.jpg)
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
![Wärtsilä 31 engine (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-31-engine-photo-wrtsil-45103.jpg)
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.
Wärtsilä Acquires L-3 MSI
Wärtsilä Corporation announced that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalized and control of the company will…
Wärtsilä Bags BWM Systems Order from Jinhai Shipyard
Wärtsilä Corporation, has received an order for ballast water management systems (BWMS) for three new container ships being built for a major European shipping company at the Jinhai Shipyard in China.
Wärtsilä wins BWMS Order for 3 Vessels
Wärtsilä has received another important order for its Ballast Water Management Systems (BWMS). Three new container ships being built for a major European shipping…
Carnival to Pilot Wärtsilä Optimization Systems
![Björn Rosengren, President and CEO of Wärtsilä Corporation, with Micky Arison, Chairman of the Board of Carnival Corporation & plc (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/bjrn-rosengren-president-and-ceo-43968.jpg)
Björn Rosengren, President and CEO of Wärtsilä Corporation and Micky Arison, Chairman of the Board of Carnival Corporation & plc are pleased about deepening the cooperation to support sustainable and environmentally friendly cruises. Wärtsilä and Carnival Corporation & plc have partnered to optimize engine room operations aboard the company's fleet of 101 ships across its nine global brands. Wärtsilä…
Wärtsilä 50DF Engine Operates on Ethane
The Wärtsilä 50DF marine engine has been tested and certified to run on ethane (LEG) fuel. The testing program was carried out by Wärtsilä in close collaboration with Evergas…
Wärtsilä Launches AHTS Vessel Design at Sea Asia
![Image: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-43060.jpg)
Wärtsilä launched a new anchor handling tug supply (AHTS) vessel design at this year's Sea Asia exhibition held in Singapore from April 21-23. According to the designer, the focus of the new design is on simplicity, efficiency, low fuel consumption, and a reduced environmental impact. The equipment solutions are suitable for medium to large size AHTS vessels, where one of the key components is a two…
Chevron Cylinder Oil Gains Interim NOL for Wärtsilä Engines
![Photo: Chevron](https://images.marinelink.com/images/maritime/w200h200c/photo-chevron-42629.jpg)
Chevron’s new 100BN cylinder oil Taro Special HT 100 offers ship owners the ability to achieve the latest emissions legislation and has now received interim approval for its use in another key engine range – products made by Winterthur Gas & Diesel Ltd (formerly Wärtsilä). A Wärtsilä engine has satisfactorily completed 2,000 hours of a 4,000-hour shipboard testing program conducted by Chevron and reviewed by the company.
Wärtsilä and Golar LNG Signs Major Contract
Wärtsilä has signed a five-year maintenance agreement with Golar Management Oslo for the delivery of services to Golar LNG, which is one of the world's largest independent…
Wärtsilä to Provide TMA for Golar Fleet
Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners…
Wärtsilä Selected to ESI Excellence Europe
Wärtsilä has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe with effect from 23 March 2015. This is a remarkable continuation…