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 BWMS Certified for Onboard Hazardous Areas
Wärtsilä inform that its AQUARIUS UV Ballast Water Management System (BWMS) has successfully completed verification testing for explosion proof (EX) requirements, enabling it to be operated for Zone 1 hazardous area operation in marine and offshore installations. The verification was handled through DEKRA, a Notified Body in Germany and a leading global provider of auditing and certification services, specialising in the fields of safety, environment and health.
First Order for Wärtsilä Slop Water Treatment
The new Wärtsilä slop water treatment system has been ordered for an ultra-deep water drill ship operating in the Gulf of Mexico, marking the first for Wärtsilä’s new system. The contract was signed in the end of 2013. The Wärtsilä slop water treatment system is designed to treat and clean water contaminated with slop or drilling mud. For operators, large volumes of slop mud result in enormous disposal expenses and represent a potentially significant environmental issue.
Wärtsilä Get Repeat Siem Offshore Dual-fuel PSV Orders
Siem Offshore has again contracted Wärtsilä to supply the design and integrated solutions for four new platform supply vessels (PSVs) to be built at the Remontowa Shipbuilding yard in Poland. The four new vessels, like the two currently under construction, will utilise the Wärtsilä VS 4411 DF ship design and will have Wärtsilä dual-fuel propulsion allowing them to operate primarily on liquefied natural gas (LNG).
New Wärtsilä Propeller Speeds Up Australian FPSO
Wärtsilä say that the technical design and installation of a new fixed pitch propeller (FPP) for the floating production storage and offloading vessel (FPSO) Ngujima-Yin has been successfully completed. The FPSO is operated by Woodside Energy Ltd, an independent Australian oil and gas company and operates in the Vincent offshore oil field in north-western Australia. In a project fast-tracked by Wärtsilä…
Wärtsilä Pumps Chosen for North Sea FSU
Wärtsilä said it signed a contract in late 2013 for a range of pumping solutions for a new Floating Storage Unit (FSU) which will operate on the Mariner oilfield in the North Sea. Wärtsilä's contract was signed with Samsung Heavy Industries (SHI) which will build the FSU in South Korea on behalf of Statoil, the Norway based international energy company. Delivery of the Wärtsilä equipment is scheduled for spring 2015, and the FSU is expected to be in operation in 2017.
Wärtsilä Sign Van Oord Parts & Service Agreement
Wärtsilä and Van Oord, the Netherlands-based contractor for dredging and offshore projects, have entered into an exclusive partnership for all field service and parts supply. The agreement covers preventive and corrective engine maintenance by Wärtsilä on Van Oord's fleet of dredging and other vessels. The contract has a total value of EUR 30 - 40 million over three years. The framework agreement will enable both parties to plan the required service work well in advance…
Wärtsilä Achieves 2013 Financial Target
"For Wärtsilä, 2013 was a year of varying activity within our different end markets. While the improvement in global vessel contracting was significant, power generation markets declined for the second consecutive year. Unfavourable exchange rates and some delayed deliveries at the end of the year led to a slightly weaker than expected net sales development. Profitability on the other hand developed well, reaching 11.2% for the full year.
Wärtsilä Supports Finland's Rio Olympics Sailing Team
Wärtsilä say they have signed a 3-year logistic agreement with the Finnish Sailing and Boating Federation with Wärtsilä’s new site in Niteroi, Rio de Janeiro, offering a perfect location and valued logistical services to the Finnish top sailors. The Finnish sailors’ training program for the 2016 summer Olympics includes a number of training camps and the test events on the future Olympic sailing courses.
Hydrex, Wärtsilä Partner for Subsea Repair
Last month a Hydrex diver/technician team carried out underwater stern tube seal repairs on a 110-meter offshore supply vessel in Bunbury, Australia. The rope guard covering the stern tube seal assembly was missing and the seal box had come loose after a mooring rope got tangled around the assembly. An emergency on-site repair was necessary. Hydrex therefore mobilized a diver/technician team to the vessel’s location and was able to carry out the entire operation on-site and underwater.
Wärtsilä to Shed 1,000 Staff in Global Efficiency Shake Up
The Group-wide efficiency programme is expected to lead to a reduction of approximately 1,000 employees globally, of which about 200 are planned to be in Finland, in a move to secure future profitability and competitiveness. Wärtsilä add that the reductions will impact all businesses and support functions. The company explains that despite some signs of improvement in market conditions, the business environment remains challenging.
Wärtsilä Present Award in Support of Kenya Orphanage
Tegla Loroupe, a three-time world half-marathon champion, a two-time world marathon record holder and the founder of Tegla Loroupe Peace Foundation, has been awarded a 'Philanthropy in Sports Award' at Suomen Urheilugaala, the annual Finnish Sports Gala. In accordance with Tegla Loroupe Peace Foundation's wishes, the donation will be used on supporting an orphanage in Kenya. "International sports community and professional athletes have enormous influence.
New Wärtsilä X72 Powerplant Passes Crucial Test
Wärtsilä said that the first ever Wärtsilä X72 mid-bore, low-speed engine has successfully passed the factory acceptance test. This milestone verifies that the engine…
Wärtsilä to Provide Turnkey LNG Receiving Terminal in N. Finland
Wärtsilä says it has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy Ltd. The contract is conditional on receipt of investment support and Manga LNG Oy's contracts with other parties, including the gas suppliers.
Bid for Wärtsilä Corporation Takeover Not Yet on Agenda
"We confirm the approach by Rolls-Royce with a preliminary proposal for a possible offer for the company. In case the company receives such proposals, the Wärtsilä Board has an obligation to evaluate such proposals.
Wärtsilä to Supply Full LNG Package for New Ferry
Wärtsilä said it will will provide a complete dual-fuel propulsion and LNG equipment package for a new passenger ferry being built for the Germany based Reederei Cassen Eils GmbH. The contract was signed in October 2013 with Fr. Fassmer GmbH, the shipyard responsible for the vessel's construction. The new ferry will operate between Cuxhaven and the island of Helgoland in Germany. This route will take it close to the Lower Saxon Wadden Sea national park…
Wärtsilä X92 Engines the Choice for New 4 Turkish Container Ships
Wärtsilä say they are to supply their Wärtsilä X92 main engine for a series of four Post Panamax 9000 TEU container ships (with options for a fifth) to be built for the Ciner Group, based in Istanbul, Turkey. Each vessel will be powered by an 8-cylinder Wärtsilä X92 engine and will be built at Hanjin Heavy Industries & Construction (HHIC) shipyard's facilities in Subic Bay, the Philippines. The choice…
Six New Chemical Tankers to Feature Wärtsilä Propulsion
Wärtsilä received an order to supply complete main propulsion systems for six new chemical tankers. The ships are being built at the Hudong-Zhonghua Shipbuilding Group yard in China on behalf of Stolt Tankers B.V., the operator of one of the world's largest chemical tanker fleets and a unit of Stolt-Nielsen Limited. There is an option for a further two vessels. The Wärtsilä propulsion packages include Wärtsilä RT-flex50 two-stroke engines…
Wärtsilä Extended Engineering Design Contract for New Crowley Ships
Wärtsilä is to supply the extended engineering scope for the initial, basic, and production designs for two Container RoRo vessels to be built for US-based owner, Crowley Maritime Corporation. The vessels will be powered by liquefied natural gas (LNG), and are to be built at the VT Halter Marine's shipyard in Pascagoula, Mississippi. Wärtsilä Ship Design's WSD CRV 2400 WB enables the new ships to carry conventional 20 ft…
Wärtsilä Offers Two New Auxiliary Engines
Wärtsilä is expanding its engine portfolio with the introduction of two additional auxiliary engines, the Wärtsilä Auxpac 16 and the Wärtsilä Auxpac 32. Both the Auxpac 16 and the Auxpac 32 are pre-engineered gensets with a turbocharged four-stroke engine having direct fuel injection and charge air cooling and provide the electrical power onboard all types and sizes of ships. They are based upon Wärtsilä's four-stroke engine technology…
Revolutionary Wärtsilä Slow-speed Engine: First Installation Order
Wärtsilä's new 2-stroke, low pressure, dual-fuel engine has been selected by Terntank Rederi A/S, the Denmark based tanker operator, to power two new environmentally advanced, 15,000 DWT tankers. These will be the first installations of this engine. The new Wärtsilä technology was recently introduced at a customer event held at the company's Trieste, Italy facilities, and the first engine utilising this technology is the Wärtsilä RT-flex50DF.
