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 Offer Tempting Menu at Marintec China 2013
A model of the hi-tech WSD 1000 MPSV, a multi-purpose offshore supply vessel with a unique fuel-efficient design, proven hull lines & an integrated equipment package from Wärtsilä, will be on display at the upcoming Expo. Wärtsilä will be at Stand N2F51 at Marintec China 2013, 3 - 6, December 2013 in Shanghai.
Wärtsilä Awarded TT-Line Exhaust Gas Cleaning Retrofit
Wärtsilä has been contracted by German-Swedish ferry operator TT-Line to retrofit an exhaust gas cleaning system to its Ro-Pax vessel, the M/S Robin Hood as part of TT-Line's Green Ship strategy. The full turnkey project will be managed by Wärtsilä thereby minimizing downtime and risk, while guaranteeing performance and regulatory compliance. The contract was signed in October 2013, and delivery and installation will take place during summer 2014.
Wärtsilä to Launch Dual-fuel Engine Series
Wärtsilä successfully conducted full scale testing on gas of its low-speed two-stroke dual-fuel engine and is now introducing a full new range of engines based on its established and well-proven low pressure technology. The first engine utilizing this technology, the Wärtsilä RT-flex50DF, will be available for delivery in the third quarter of 2014. Other engines from the company's new Generation X series will follow and will be available for delivery during 2015 and 2016.
Wärtsilä Inducted into SUNY Chancellor’s Society
Marine industry solutions and services provider Wärtsilä was honored at the State University of New York (SUNY) Chancellor’s Society on October 28 in downtown New York. The event, hosted by SUNY Chancellor, Nancy Zimpher, was arranged to formally recognize top donors of the 64-campus SUNY network; the largest comprehensive system of public higher education in the United States. In recognition of the strong partnership between Wärtsilä and the State University of New York…
Wärtsilä Profitable in Challenging Q3 2013 Market
"Our operations developed in line with our expectations during the third quarter. Net sales grew by 11% to EUR 1,209 million and profitability was 11.4%. With better visibility on net sales development, we specify our sales growth guidance to 0-5%, while our profitability estimate remains unchanged at around 11%," commented Björn Rosengren, President and CEO. Rosengren continued: "Uncertainties in…
Wärtsilä Corporate Charity Funds African Primary School
Karika community in South Sudan gathered recently for the opening of a new primary school which is the first permanent school built in the community. The school initially has 307 students enrolled and it’s meant to be an example for the community. Developing education is crucial as 50 % of the country’s population is under 18 and much damage to the education system was done during the war in 2012.
Wärtsilä Scrubbers for Three More Color Line Ships
Wärtsilä has been contracted to retrofit its Open Loop Scrubber systems on three additional vessels owned by Color Line, Norway's largest cruise and ferry operator. With the latest contract, Wärtsilä's now has 36 shipsets, totalling 75 scrubber units, either already installed or in the pipeline. Each vessel will be fitted with four systems designed to rid the ships' exhaust gases of harmful sulphur oxide (SOx) and particulate emissions.
Wärtsilä Releases ECA Compliant Dual-Fuel Engine
Wärtsilä has now released its Wärtsilä 20DF dual-fuel engine for sale in the US market. The engine meets the strict emissions compliance criteria of the United States Environmental Protection Agency (EPA) Tier 4 and is now available to American ship owners and operators. The Wärtsilä 20DF is a proven and successful engine, and its release to the US market is in response to the growing demand for natural gas fueled engines.
Wärtsilä Introduce New Steerable Thruster Series
The new Wärtsilä Steerable Thruster series (WST) is being introduced to replace the company's Modular Thruster and Compact Thruster series, while the new Wärtsilä Transverse Thruster series (WTT) is replacing the current range of transverse thrusters. The new products have been developed in response to changing market demands, requiring competitive thruster products which are more efficient and cover a wider power range.
Wärtsilä Propulsion Packages for China's New Rescue Vessels
Wärtsilä has been contracted by the People’s Republic of China’s Communications Import & Export Corporation to supply the main propulsion system for four new ocean rescue vessels. The ships are being built at the CSSC Guangzhou Huang-Pu Shipbuilding Company Ltd shipyard in China, and are scheduled for delivery at the end of 2014. The order was signed in the second quarter of 2013 and is part of a series of contracts covering a total of 22 vessels.
Wärtsilä Power Selected for Two Canadian LNG Ferries
Wärtsilä, a marine industry solutions and services provider, will supply an integrated solution for two dual-fuel liquefied natural gas (LNG) Ro-Pax passenger ferries being built on behalf of Canadian ferry services provider Société des traversiers du Québec (STQ). The contract was issued in August by Chantier Davie Canada (Davie), Canada's largest shipyard, the builder of the two vessels. For each of the two vessels…
Bestobell Secures First Deal Following Wärtsilä Agreement
Bestobell Valves, part of the President Engineering Group (PEGL), based in Sheffield, U.K., has received its first order from Wärtsilä Gas Power Systems (GPS), the gas power solutions provider for the global marine and energy markets. The two companies announced a new partnership agreement in April, which sees Bestobell Valves being the preferred supplier of cryogenic valves for Wärtsilä’s market leading LNGPac fuel system.
Wärtsilä Win Siem Offshore LNG Power Package Contract
Wärtsilä has been awarded a contract to supply the design & an integrated solution for a new large platform supply vessel (PSV). The ship will operate primarily on liquefied natural gas (LNG) and is owned by Siem Offshore. The contract's scope of supply includes the Wärtsilä VS 4411 LNG PSV initial, basic, and detailed ship design, as well as the complete diesel electric system with Wärtsilä dual-fuel generating sets…
Roger Holm to Lead New Wärtsilä Four-stroke Organization
Roger Holm, M.Sc. (Econ.), has been appointed Senior Vice President, four-stroke, and member of the Ship Power management team as of 1 September 2013. In this position, he is responsible for Wärtsilä's four-stroke activities globally. Mr. Holm joined Wärtsilä in 1997 and has held several managerial positions, most recently leading the Seals and Bearings organization within Wärtsilä Services. Before that he has had the positions of Vice President…
Wärtsilä to Supply Propulsion for Six Offshore Brazil PLVs
Wärtsilä received a significant order to supply the propulsion solutions for six new offshore pipe laying vessels being built by IHC Merwede. Three of the ships are to be built for Subsea 7, the seabed-to-surface engineering, construction, and services contractor to the offshore energy industry. The other three vessels have been ordered by Seabras Sapura, the Sapura Kencana and Seadrill partnership entity.
Danish Inland Ferry to be Wärtsilä DF Engine Powered
This order is for the first Danish ferry to be operated on LNG fuel. The ferry project sets an environmental benchmark for inland ferries, and according to Wärtsilä is being closely followed by other municipalities and governmental bodies in Denmark and abroad. Wärtsilä is to supply the main propulsion generating sets for a new, environmentally sound, double ended ferry. The ship, which is the first gas fuelled ferry for a domestic route in Denmark…
Wärtsilä Hosts Student Training Ship from SUNY Maritime
Wärtsilä hosted the State University of New York, Maritime College and its Cadets on board the College’s training ship, the Empire State VI during their mid-July visit to Trieste, Italy. The students were part of the second term of the annual 2013 Summer Sea Team. The ship’s visit to the historic city was no ordinary port call. Upon arrival of the ship in Trieste’s harbor, leaders from Wärtsilä welcomed the group of close to 600…
SHI Gives Wärtsilä "Excellent Partner" Award
Samsung Heavy Industries (SHI) of Korea formally recognized Wärtsilä's contribution as a provider of high quality solutions and support by giving Wärtsilä its 'Excellent Partner 2013' award. A number of different suppliers to SHI were considered for the award, which is given in recognition of excellent performance in delivering high quality products and solutions on time, with complementary world class engineering…
Wärtsilä Waterjets Power World's Fastest Ferry
Wärtsilä's axial waterjets power the Francisco, claimed to be the world's fastest high-speed ferry and the first fast ferry to utilize liquefied natural gas (LNG) as fuel. The vessel has successfully passed its sea trials and is now ready to commence commercial operations. Wärtsilä has provided the waterjets for what is claimed to be the world's fastest high speed ferry. In addition to two of its LJX1720SR axial waterjets…
Wärtsilä Interim Report
"The second quarter development was reasonable considering the current economic situation, with net sales increasing by 5% and profitability at 9.6%. We continue…
