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 Signs Extensive Services Supply Agreement
Wärtsilä has signed an extensive three-year services supply agreement with the Norwegian DOF Group in the end of April 2014. The agreement covers services for all Wärtsilä equipment, including engines and propulsion as well as electrical and automation systems, for DOF's vessels with Wärtsilä equipment operating in Norway, Brazil and Singapore. DOF Group is a global company that provides a comprehensive…
Wärtsilä to Power World's first LNG Fueled Icebreaker
A new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable of operating on both liquefied natural gas (LNG) and low sulphur diesel fuel. When launched in late 2015, it will be the first LNG-powered icebreaker in the world. Wärtsilä's track record in dual-fuel engine technology was a crucial factor in the award of the contract.
New Eco-friendly Icebreaker to be Powered by Wärtsilä DF Engines
Wärtsilä says that a new icebreaker being built by Arctech Helsinki Shipyard for the Finnish Transport Agency will be powered by Wärtsilä dual-fuel engines capable…
Wärtsilä sells its JV shares to Transmashholding
Wärtsilä and Transmashholding have agreed that Wärtsilä will sell its 50 per cent share in the joint venture Wärtsilä TMH Diesel Engine Company LLC to Transmashholding, the other joint venture party.
Wärtsilä Unveil Afromax Tanker Design at Posidonia 2014
A new, highly efficient, Aframax tanker design offering practical and viable solutions that meet current and forthcoming emissions legislation was launched by Wärtsilä…
Wärtsilä Reinforces West Coast Presence with Seattle Facility
Wärtsilä inaugurated its West Coast workshop in Seattle with a customer appreciation lunch on May 20, 2014. The event was held in the new facility located just minutes away from the Port of Seattle. Guests were invited to tour and learn about the comprehensive portfolio of services that Wärtsilä provides. The occasion opened with Frank Donnelly, Managing Director, Wärtsilä North America, Inc., welcoming the group and Walter Reggente…
Wärtsilä Receives Repeat Order from Evergas
Three new 27,000 cbm LNG/Multigas Carriers for Evergas, the Denmark based transporter of petrochemical gases and natural gas liquids, are to be built featuring the integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system. This order is an extension of the one placed in 2013 for a series of three similar vessels. The ships are being built by the Sinopacific Offshore & Engineering (SOE) shipyard in China…
Evergas Order Wärtsilä Systems for New Multigas Carriers
The integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system, has been ordered for 3 new state-of-the-art 27…
Wärtsilä Gas Units Selected for Largest Ever Spar Platform
A new spar platform being built for Statoil's Aasta Hansteen field off the coast of Norway will feature Wärtsilä's Inert Gas and Nitrogen Generator systems, the power solutions company said.
Wärtsilä Scrubbers for 6 Finnlines Vessels
With new, more stringent sulphur oxide (SOx) emission regulations due to take effect January 2015, Finnlines has ordered Wärtsilä Exhaust Gas Cleaning Systems for six of its Baltic and North Sea fleet of vessels, Wärtsilä said. By selecting the scrubber systems, Wärtsilä said the vessels will be able to operate in compliance with the new environmental regulations while continuing to operate on heavy fuel oil.
Wärtsilä Executive Elected EUGINE President
Wärtsilä Corporation inform that Kari Hietanen, Executive Vice President at Wärtsilä Corporation, has been appointed President of the European Engine Power Plants Association (EUGINE).
Wärtsilä Reports Healthy Ship Power Sector in Q1 2014
In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.
Wärtsilä enters Paraguayan Inland Market
A new pushboat used to push barges convoys along the Paraguay River will be powered by a Wärtsilä integrated propulsion solution. The vessel is being built at the "Astillero la Barca del Pescador" (Shipyard SA) yard in Paraguay on behalf of Naviera Yeruti, a Paraguayan company with extensive barge construction and vessel operating interests. This vessel will be the company's first pushboat and it is scheduled to be delivered in the second quarter of 2015.
Wärtsilä Wins First Contract for New Arctic PSV Design
A new platform supply vessel (PSV) to be built for operating in arctic conditions is to be designed and powered by Wärtsilä. This is the first confirmed contract for Wärtsilä Ship Design's new series of arctic PSVs. Wärtsilä will also supply an integrated package that includes machinery, and the electrical and automation systems, including the patented Wärtsilä Low Loss Concept (LLC). This highly redundant…
Wärtsilä Introduces 46DF Dual Fuel Engine
Wärtsilä announced the debut of its new dual-fuel 46DF engine which it said offers lower specific fuel consumption, higher output and attractive lifecycle costs compared to other alternatives currently available on the market. According to Wärtsilä, the introduction of its new Wärtsilä 46DF engine raised the technology bar in the dual-fuel engine market while strengthened its offering in the medium-speed engine sector.
Wärtsilä to Lose 142 Staff in Finland Efficiency Move
Wärtsilä' says that its consultation process with employee representatives in Finland has been concluded. The process was initiated with the aim of reducing 200 jobs in Finland.
Wärtsilä to Retrofit Two Ferries with New Ballast Water Solution
Two Ro-Ro ferries owned by U.K.-based Condor Ferries are to be retrofitted with Wärtsilä's new AQUARIUS READY ballast water management system (BWMS) solution. The AQUARIUS READY concept has been developed by Wärtsilä to prepare vessels for the fitting of BWMS, while minimizing vessel downtime, thereby enabling more efficient operations. The contract was signed in February 2014 and the final equipment…
Two UK Ferries to Have Wärtsilä BWMS - When They Need It
Two Ro-Ro ferries owned by UK based Condor Ferries are to be retrofitted with Wärtsilä's new AQUARIUS READY ballast water management system (BWMS) solution. The AQUARIUS READY concept has been developed by Wärtsilä to prepare vessels for the fitting of BWMS, while minimising vessel downtime, thereby enabling more efficient operations. The actual equipment installation and commissioning will take place at a time convenient to the owners following ratification of the IMO Convention.
Wärtsilä Launches Inline Scrubber System
Wärtsilä said its new inline scrubber system is designed to offer notable benefits over conventional exhaust gas cleaning systems, and its compact form saves considerable space, which is particularly important in smaller vessels and when being retrofitted, while the lower cost structure of the new design offers CAPEX advantages. With just one scrubber system per engine, installation is faster and easier, Wärtsilä said, which consequently reduces the out-of-service time for the vessel.
Wärtsilä Corporation to pay EUR 1.05 Dividend
Wärtsilä Corporation's, Annual General Meeting, on 6, March 2014, amongst various other matters, approved the Board of Directors' proposal to pay a dividend of EUR 1.05 per share to shareholders on 18, March 2014. The Annual General Meeting decided that the Board of Directors shall have nine members. The following were elected to the Board: M.Sc. (Techn), MBA Maarit Aarni-Sirviö, Managing Director Kaj-Gustaf Bergh, M.Sc. (Eng) Sune Carlsson, M.Sc. (Econ), MBA Alexander Ehrnrooth, M.Sc.
