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 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 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
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
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…
Wärtsilä Debuts LNG Carrier Designs
The unmatched track record and expertise that Wärtsilä has in LNG fuel solutions for the marine industry is again emphasised with the company's launching of a new series of LNG Carrier ship designs.
Chinese-make 2-stroke Wärtsilä Engine Unveiled
The first Wärtsilä two-stroke engine with a high pressure SCR (Selective Catalytic Reduction) system manufactured in China has been introduced. The system is fitted…
Wärtsilä Wins Jack-up Barges Contract
Two new jack-up barges ordered by the National Petroleum Construction Company (NPCC), based in the United Arab Emirates, will feature fully integrated Wärtsilä power generation and electrical and automation (E&A) solutions. The SEP 650 and SEP 750 vessels are being built at the Shanghai Zhenhua Heavy Industries (ZPMC) shipyard in Chang Xing Island, China. The contract with Wärtsilä was signed in December 2014.
Wärtsilä Dual-fuel Engines for Baltic Sea Ferry
A new fast ropax ferry ordered by the Estonia based Tallink Grupp for its Tallinn - Helsinki route, will feature Wärtsilä dual-fuel engines running primarily on liquefied natural gas (LNG).
N-KOM, Wärtsilä Ink Repair Agreement
Nakilat Keppel Offshore & Marine (N-KOM) and Wärtsilä have signed a Memorandum of Understanding (MoU) agreeing to work together to increase business opportunities in repair and maintenance services for marine and offshore vessels, as well as onshore structures at the shipyard. N-KOM’s CEO Chandru Rajwani said, “N-KOM is always on the lookout for longterm strategic alliances to further our business interests.
Wärtsilä BWM Systems for Chemical Tankers
A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS)…
Wärtsilä Scrubber Systems for Stena Line ferries
Two Ro-Ro vessels owned and operated by Stena Line, the Sweden based transport and ferry company, are to be retrofitted with Wärtsilä in-line closed-loop scrubber systems.
Wärtsilä DF Engines for Icebreaking LNG Carriers
Five new Arc 7 design ice-class LNG carriers being built at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea will be powered by a total of 30 Wärtsilä 50DF dual-fuel engines.
Wärtsilä Gensets for Five New Box Ships
Five new 14,500 TEU container vessels being built for China Ocean Shipping Group (COSCO) will be powered by 20 Wärtsilä Auxpac 32 generating sets. The ships are under construction at the Hudong-Zhonghua Shipbuilding Group yard in China, a subsidiary of the China State Shipbuilding Corporation. The order was placed in January, 2015 with Wärtsilä's joint venture company, Wärtsilä Yuchai Engine Co. Ltd (WYEC).
Wärtsilä DF Engines for Shell's Bunker Vessel
A specialized LNG Bunker vessel to be built at the STX Offshore & Shipbuilding Company yard in South Korea on behalf of Shell will be powered by Wärtsilä DF dual-fuel engines.
