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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 Power Selected for Two Canadian LNG Ferries
![rendering of the STQ Ferry](https://images.marinelink.com/images/maritime/w200h200c/rendering-of-the-stq-ferry-17786.jpg)
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
![Photo: Bestobell](https://images.marinelink.com/images/maritime/w200h200c/photo-bestobell-17624.jpg)
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
![Siem Offshore's PSV: Image credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/siem-offshores-psv-image-credit-17467.jpg)
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
![Roder Holm](https://images.marinelink.com/images/maritime/w200h200c/roder-holm-17402.jpg)
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
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-17374.jpg)
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
![6-cylinder Wärtsilä 20DFdual-fuel engine engine: Photo courtesy of Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/linder-wrtsil-20dfdualfuel-engine-engine-17176.jpg)
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
![Maritime Cadets tour the plant (Photo: SUNY Maritime)](https://images.marinelink.com/images/maritime/w200h200c/maritime-cadets-tour-the-plant-16738.jpg)
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
![Caption: From left Mr Jong Ha Song General Manager, Wärtsilä Korea sales, Mr Matias Karls, General Manager, Wärtsilä sales, Mr J.H Lee, General Manager, Mr W.Y Park Senior Manager and Mr H.S Min, Manager Samsung Purchasing](https://images.marinelink.com/images/maritime/w200h200c/caption-from-left-mr-jong-16576.jpg)
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
![Hi-speed Ferry Francisco: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/hispeed-ferry-francisco-photo-credit-16506.jpg)
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…
Wärtsilä Make Two Board of Management Appointments
![Pierpaolo Barbone: Photo Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/pierpaolo-barbone-photo-wrtsil-16412.jpg)
Pierpaolo Barbone (55) MSc (Eng.) has been appointed President of Services, Executive Vice President and member of the Board of Management, effective 1 October 2013. Mr Christoph Vitzthum, who currently heads the Services business, will leave Wärtsilä to become President & CEO of Fazer Group. Mr Barbone joined Wärtsilä in 1996. He has held several management positions within the Services business,…
Wärtsilä to Supply Gas Systems for New Teekay LNG Carriers
![Wärtsilä Moss Inert Gas Test Generator (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-moss-inert-gas-test-16109.jpg)
Wärtsilä has been contracted to supply a combined inert gas generator and gas combustion unit for two new liquefied natural gas (LNG) carriers being built at the DSME yard in South Korea. The ships will be owned by Canada based Teekay Corporation, one of the world's largest marine energy transportation, storage and production companies. The contract was signed in May 2013. The concept of combining the two systems was developed by Wärtsilä in cooperation with DSME…
Teekay Order Wärtsilä LNG Inert Gas Units
![Wärtsilä Moss Inert Gas Test Generator: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-moss-inert-gas-test-16096.jpg)
Wärtsilä to supply a combined inert gas generator & gas combustion unit for 2 new liquefied natural gas (LNG) carriers being built at the DSME yard in South Korea for Canada-based Teekay Corp. The concept of combining the two systems was developed by Wärtsilä in cooperation with DSME, and the system burns the boil off gas using an already existing Wärtsilä Moss inert gas generator. In so doing, it…
Wärtsilä to Supply Propulsion for 24 New Vessels
![RT-flex58T, version D engine in the engine room of MV Shansi](https://images.marinelink.com/images/maritime/w200h200c/rtflex58t-version-d-engine-in-15972.jpg)
Wärtsilä, the marine industry's leading solutions and services provider, has been contracted to supply propulsion packages for 24 new vessels being built for the Singapore based China Navigation Co. Pte. Ltd (CNCo). The ships are being built at the Chengxi and Zhejiang Ouhua shipyards in China, and the contracts were signed with Wärtsilä licensee Hudong Heavy Machinery (HHM) in 2012 and during the first half of this year.
Wärtsilä Advice Confirms Castrol Concerns on Single Oils
Castrol Marine said it has welcomed new guidance from Wärtsilä that undermines claims that mid-range base number (BN) oils represent a single cylinder oil solution for marine two-stroke engines.
Wärtsilä to Provide Harvey Gulf Vessels Integrated Package
![Offshore Enviro Vessels: Photo courtesy of Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/offshore-enviro-vessels-photo-courtesy-15668.jpg)
Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine of New Orleans. This offshore vessel is the first in a series of three MPSVs being built for Harvey Gulf. The Wärtsilä contract includes an option for the supply of equipment to the remaining two vessels of the series.
Wärtsilä Gets Fourth R&D European Investment Bank Loan
The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company's research, development and innovation (RDI) activities in several European countries.
Wärtsilä X40 Engine Passes Type Approval Tests
![Wärtsilä X40 engine (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-x40-engine-photo-wrtsil-15481.jpg)
Wärtsilä announced that its Wärtsilä X40 two-stroke engine has successfully passed its Type Approval Test (TAT). The testing was carried out in Zhuhai, China, at Wärtsilä's licensee Yuchai Marine Power Co. Ltd (YCMP). In passing the TAT, the engine is verified as having fulfilled all classification society requirements, and will be fully introduced to the market following its sea trials, which are now being undertaken.
Wärtsilä AQUARIUS BWMS LPG Carrier Retrofit
![AQUARIUS BWMS: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/aquarius-bwms-photo-credit-wrtsil-15450.jpg)
Wärtsilä contracted to retrofit its AQUARIUS UV ballast water management system for the Marola, a 37,000 cbm fully-refrigerated Liquefied Petroleum Gas (LPG) vessel of the Carbofin SPA, Italy fleet. The retrofitting for the Marola will take place in autumn 2013 when the ship is dry docked. The vessel will operate in the U.S. Gulf of Mexico, the Caribbean and South American waters. By virtue of its design…
Wärtsilä to Design Heavy Construction Vessel for Subsea 7
![Photo: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-15423.jpg)
Wärtsilä, a marine industry solutions and services provider, has been contracted to provide the design for a large heavy construction vessel (HCV). The ship is to be built for Subsea 7 S.A., the seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide, by Hyundai Heavy Industries (HHI) in South Korea. HHI is one of the world's largest ship building companies.