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 to Power LNG-fueled RoPax Ferry
A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system, as well as comprehensive project services. It will be the first Swedish flagged LNG powered passenger vessel and the first LNG-fuelled high speed RoPax ferry in the world. The vessel will be built at the Guangzhou Shipyard International (GSI) yard in China and when delivered…
Wärtsilä Propulsion Solution for 3 Tugs
Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature Wärtsilä dual-fuel (DF) engines integrated with a customized gas storage…
Wärtsilä X62 Engine Ready for Production
Wärtsilä reports that its first X62 two-stroke engine has successfully passed its design validation, type approval tests and necessary sea trials, and is therefore ready for full market availability.
Wärtsilä Engines for Cutter Dredgers
One of the world's largest non self-propelled cutter dredger vessels, which is also one of the largest of all cutter dredgers in the world with 5200 kW of cutter power…
Wärtsilä Donates Engine in S. Africa
As part of Wärtsilä’s initiative to support and stimulate the maritime economy in South Africa, the company has donated a Wärtsilä 20 engine to the Nelson Mandela Metropolitan University (NMMU). Part of a long-term sponsoring partnership with NMMU and the South African International Maritime Institute (SAIMI), the engine will be used to facilitate teaching within the University's School of Engineering.
Wärtsilä Donates Ship Engine to S. Africa
An important initiative by Wärtsilä to support and stimulate the maritime economy in South Africa has come to fruition with the delivery of a state-of-the-art Wärtsilä 20 engine.
Wärtsilä to Power LNG-fuelled RoPax Ferry
A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution. The Wärtsilä integrated solution includes a complete LNG powered propulsion- and fuel storage and supply system, as well as comprehensive project services.This will be the first Swedish flagged LNG powered passenger vessel and the first LNG fuelled high speed RoPax ferry in the world.
Wärtsilä to Begin Building LNG Terminal in January
Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015. Manga LNG Oy is a joint venture of Outokumpu Group, Svenskt Stål AB (SSAB), Skangass and EPV Energy Ltd. Wärtsilä initially announced this project in January 2014.
Wärtsilä to Proceed with first LNG Terminal
Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.
Wärtsilä Bags Seawater Desalination System Orders
The Meyer Werft Germany, Meyer Turku, STX France and Fincantieri shipyards have all placed orders with Wärtsilä for the supply of fresh water generators to a total of seven cruise ships. The orders were placed between September and November 2014, and delivery is scheduled to commence in May 2015 and will be completed by autumn 2017. Wärtsilä's delivery comprises a total of 10 large MSF distillation systems with unit capacities spanning from 115 tons/day to 900tons/day…
Wärtsilä Acquires L-3 Marine Systems International
Wärtsilä Corporation is to acquire L-3 Marine Systems International from NYSE-listed L-3 Communications Holdings Inc. L-3 Marine Systems International (L-3 MSI)…
Wärtsilä Integrated Solutions for Maersk's AHTS Vessels
A new series of six Anchor Handling Tug Supply vessels to be built at the Kleven Verft AS in Norway for the Danish based Maersk Supply Service A/S - part of the A.
Wärtsilä Expands Valve Range
Wärtsilä Shipham Valves has extended its range of duplex and super duplex stainless steel valves to cover higher pressure ratings. The full product range of Wärtsilä Shipham Valves, including gate, globe, check, ball and butterfly valves, can now be specified in duplex and super duplex, with sizes ranging from 1/2 inch (15mm) to 48 inches (1,200mm) and pressure ratings up to ANSI 1,500 lbs. Shipham Valves is a Wärtsilä company and based in the U.K.
Wärtsilä Dual-Fuel Solution for Icebreaking LNG Carriers
The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia. The ships will be owned by one joint venture between Teekay LNG Partners of Canada and China LNG Shipping (CLNG), and another joint venture between China Shipping LNG Investment Co.,Ltd. (CSLNG) and Japan based Mitsui O.S.K.
Wärtsilä Propulsion Equipment for 2 Fishing Vessels
Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.
Wärtsilä Propulsion and Design for Two OSVs
Two new 150-ton-bollard-pull anchor handling offshore support vessels (AHOSVs) being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and will be powered by Wärtsilä integrated propulsion systems. The order was placed in August and the equipment is scheduled for fast-track delivery in July 2015. The 78-meter-long vessels will be employed for anchor handling operations in offshore sector applications.
Wärtsilä Steerable Thruster Gets Class Approval
DNV-GL approved the design of the Wärtsilä WST-14 thruster, significant as approval was granted based on a thruster design that has yet to be introduced into full series production. The approval by DNV-GL follows the release of Wärtsilä's next generation of thrusters at the end of 2013. The new WST-14 is part of the Wärtsilä Steerable Thruster (WST) compact series, which is aimed at tugs, anchor handling vessels, and coastal and inland waterway cargo vessels.
Wärtsilä Expects 5% Sales Growth
Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. Wärtsilä estimates its profitability for…
Wärtsilä Bags Wagenborg's Maintenance Contract
Wärtsilä and Wagenborg Shipping B.V. have signed in June 2014 a six-year Maintenance Agreement for fifteen of Wagenborg's dry cargo carriers. Under the agreement…
Wärtsilä to Supply Gas Handling Systems for VLEC Newbuilds
Six new 87,000 cubic meters capacity very large ethane carriers (VLECs), being built at the Samsung Heavy Industries yard in South Korea, will feature Wärtsilä gas handling systems. The contract, which includes an option for additional vessels within this series, was signed in September, and deliveries of the Wärtsilä solutions are expected to commence at the end of 2016 and complete in 2017. These…
