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 Make Two Board of Management Appointments
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 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 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
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
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 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
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
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.
Wärtsilä Launches More Powerful 34DF Engine
Wärtsilä has further developed its dual fuel technology and introduced a more powerful version of its popular Wärtsilä 34DF engine. The Wärtsilä 34DF engine has proven to be a highly efficient and reliable solution for a wide range of vessel applications. The latest version is expected to expand that range even further. Lower fuel consumption of this engine will further improve its environmental performance.
Wärtsilä Beefs Up Dual-Fuel Engine
The latest version of Wärtsilä's 34 DF (Dual Fuel) marine diesel engine offers a power increase up to 500kw per cylinder. The Wärtsilä 34DF engine has proven to be a highly efficient and reliable solution for a wide range of vessel applications. The latest version is expected to expand that range even further. Lower fuel consumption of this engine will further improve its environmental performance.
Wärtsilä to Supply Direct Electric Heating for Chevron African Offshore Oilfield
Wärtsilä was contracted to supply its Direct Electric Heating (Wärtsilä DEH) system for Chevron Overseas Congo Limited's Lianzi offshore development project, located off the Republic of Congo and Angolan coasts. The 9,000-kW system will be used to heat the 43-km subsea production pipeline between the Lianzi field and the Benguela Belize Lobito Tomboco (BBLT) platform. The Lianzi field lies approximately 100 km off the coast of the Republic of Congo, and the BBLT platform is located in Angola.
Wärtsilä BWTS Receives IMO Final Approval
Wärtsilä has received the Final Approval status from the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC) for its Wärtsilä Aquarius EC Ballast Water Management System. The approval was granted at the MEPC's 65th session held at the IMO headquarters in London on May 13, 2013. The Basic Approval had been granted in October 2012. The approval submission was taken…
Wärtsilä Order Intake Up, Net Sales Down
Wärtsilä Corporation releases its January to March 2013 interim financial report. "The beginning of 2013 developed according to our expectations. Order intake grew by 22%…
China Shipyard Contracts For Wärtsilä DP3 Rig Package
Wärtsilä to provide integrated power, propulsion and positioning system for DP3 offshore accommodation rig for Singapore's Axis Offshore. The contract with Cosco…
Wärtsilä to Supply FSU, Shuttle Tanker, Inert Gas Systems
Wärtsilä is to supply inert gas systems for a Floating Storage Unit (FSU) on Norway's Heidrun offshore oil & gas field, and for two supporting shuttle tankers. The FSU is owned by Statoil, the Norwegian state owned energy company, and the tankers by AET Tanker Holdings, the Singapore based petroleum transportation company. All three vessels are being built by Samsung Heavy Industries (SHI) in South Korea. The Wärtsilä contract with SHI was signed in February 2013.
Wärtsilä Win Evergas LNG Carriers Contract
Wärtsilä to supply cargo handling package, dual-fuel engines & propulsion for Denmark's Evergas to be built at Sinopacific Offshore & Engineering in China. In addition to LNG, the ships will be able to carry and reliquefy Ethane and LPGs with the cargo handling package supplied by Wärtsilä. The vessels will operate primarily on liquefied natural gas (LNG) using Wärtsilä dual-fuel engine technology.
Wärtsilä 34DF Recieves U.S. EPA Certificate
Wärtsila obtained certification of emission standard compliance from the United States Environmental Protection Agency (EPA) for its Wärtsilä 34DF dual-fuel engines. It will enable Wärtsilä to strongly enter the American market with marine engine technology that offers operators and owners the option of using either diesel or gas as fuel. The certification was obtained on January 17, 2013. "The Wärtsilä 34DF is the first dual-fuel engine fulfilling the EPA requirements…
Wärtsilä to Design & Power New OSV's
Wärtsilä awarded a major contract to design a series of four multi-purpose platform support vessels (MPSVs) for Malaysian owner. The contract has been placed by Bumi Armada Berhad, a Malaysian-based international offshore oilfield services provider and also the largest owner and operator of offshore support vessels in Malaysia. Wärtsilä will also supply a comprehensive solutions package for each of the vessels.
