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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 2012 Profits Stay Healthy
Björn Rosengren President & CEO of Wärtsilä delivers his year 2012 financial results message to shareholders. "During 2012, we closed our largest ever acquisition with the purchase of Hamworthy.
Wärtsilä Canada Open New Repair Shop
The workshop in Victoria is fully equipped to perform overhauls and repairs on engines as well as propulsion equipment. The premises situated at 1759 Sean Heights…
Wärtsilä Appoint Marco Wirén CFO & Executive V-P
![Marco Wirén: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/marco-wirn-photo-credit-wrtsil-12238.jpg)
Marco Wirén appointed Chief Financial Officer, Executive Vice President & member of the Wärtsilä Corporation Board of Management. Mr Wirén (47), M.Sc. (Econ.) has broad-ranging experience of financial management and international business management. He currently works as Executive Vice President and CFO in the Swedish steel manufacturer SSAB, having held that position since 2008. Prior to joining SSAB as Vice President Business control in 2007…
Wärtsilä Back to Growth, Stable Profitability in 2012
Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. “I am pleased with our result for the year 2012, which was a year…
Wärtsilä Engines for New Scottish RoPax Ferry
![Scots RoPax Ferry: Photo credit CMAL](https://images.marinelink.com/images/maritime/w200h200c/scots-ropax-ferry-photo-credit-12131.jpg)
Wärtsilä to supply the main engines and auxiliary generating sets for a new Scottish-owned ferry. The RoPax vessel, designed for transporting both wheeled cargo and passengers, was ordered by Lloyds Banking Group and leased by Caledonian Maritime Assets, Ltd (CMAL), and is being built at the Flensburger Schiffbau Gesellschaft shipyard in Germany. The shipyard requirements were that the engines must be commercially competitive, compact and light in weight.
Philip Maguire Appointed V-P Wärtsilä Quality
![Philip Mabuire: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/philip-mabuire-photo-credit-wrtsil-12078.jpg)
Wärtsilä’s group-wide quality programme and the quality organisation will become Mr. Maguire's responsibility from 1, Feb 2013. Mr Philip Maguire, BSc (Hons) in Electrical and Electronic Engineering, will be a member of the Wärtsilä PowerTech management team and report to Lars Hellberg, President, Wärtsilä PowerTech. He succeeds Mr Osmo Härkönen who will retire at the end of January 2013. Mr Maguire joins Wärtsilä from Tetra Pak where…
Wärtsilä Powered FPSO Passes Load Tests
![FPSO Main Power Modules: Photo credit: Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/fpso-main-power-modules-photo-11967.jpg)
The new P-63 Floating Production Storage and Offloading (FPSO) is powered with Wärtsilä 50DF dual-fuel engines which passed load tests. This FPSO is the first such ship to utilize gas engines to produce more than 100 MWe of power. The tests were carried out at the Cosco shipyard in Dalian, China and the vessel will commence operations in Brazil’s offshore oil fields in 2013. Wärtsilä was contracted by the Brazilian industrial group QUIP, to provide a turnkey package for this vessel.
Two New Gas Tankships to Fit Wärtsilä DF Propulsion Packages
![Wärtsilä CP Propellor: Photo credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-cp-propellor-photo-credit-11831.jpg)
Wärtsilä to supply complete dual-fue (DF) propulsion packages for two new gas tankers being built for owners, Anthony Veder. The contract was signed with AVIC-International Shanghai and Avic-Dingheng Shipbuilding Co. Ltd yard, for the two Liquefied Ethylene Gas (LEG)/Liquefied Petroleum Gas (LPG) tankers being built for Anthony Veder, the Netherlands-based shipping company specialised in gas transportation, for deployment in the North Sea.
Wärtsilä AQUARIUS®UV BWMS Type Approved
Wärtsilä's AQUARIUS® UV Ballast Water Management System (BWMS) has been granted Type Approval in accordance with the 2004 IMO Convention. This approval endorses…
Wärtsilä Extends Licence Agreements
![](https://images.marinelink.com/images/maritime/w200h200c/-11746.jpg)
Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years. The four companies are HHM (Hudong Heavy Machinery Co Ltd)…
Wärtsilä Establish China Engine Manufacturing J/V
![Wärtsilä 32 Engine: Image credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-32-engine-image-credit-11740.jpg)
Wärtsilä & Yuchai Marine Power Co to establish a 50/50 joint venture for manufacturing medium-speed marine engines in Zhuhai City. The joint venture will serve the increasingly dominant Chinese shipbuilding industry, with the focus being on the assembly and testing of Wärtsilä 20, Wärtsilä 26 and Wärtsilä 32 engines. Operations are planned to start in 2014. The value of Wärtsilä's investment in the joint venture is approximately EUR 17 million.
Wärtsilä to Design 6 OSVs for China's COSL
![](https://images.marinelink.com/images/maritime/w200h200c/-11694.jpg)
Wärtsilä signed a contract with China Oilfield Services Ltd (COSL) to supply the designs for a total of six new ships. The two Platform Supply Vessels (PSVs) and four Anchor Handling Tug Supply (AHTS) vessels will initially provide support operations in the South China Sea and Bohai Bay. The contract was signed in December 2012. The PSVs are based on Wärtsilä Ship Design's VS 485 PSV MKIII design that…
Wärtsilä Wins Subsea 7 DSV Design Deal
![](https://images.marinelink.com/images/maritime/w200h200c/-11693.jpg)
Wärtsilä signed a contract for the design of a new diving support vessel (DSV) to be built for Subsea 7. The new VS 4725 DSV design was created by Wärtsilä Ship Design specifically for this vessel, which will be built at the Hyundai Heavy Industries (HHI) shipyard in Korea. The contract was signed with HHI in December, and the vessel is scheduled for delivery in 2015. The vessel is intended for North Sea diving operations on a year round basis.
Wärtsilä Integrated LNG Propulsion System for Harvey Gulf PSV
![Harvey Gulf OSV: Photo credit STX Marine](https://images.marinelink.com/images/maritime/w200h200c/harvey-gulf-osv-photo-credit-11495.jpg)
Wärtsilä contracted for a complete (LNG) package, including propulsion, auxiliaries & controls, for a new OSV designed by STX Marine. The ship has been ordered by Harvey Gulf International Marine as a part of the company’s ‘Going Green’ initiative. The vessel will operate in the Gulf of Mexico’s offshore oilfields. Wärtsilä will supply the steerable thrusters, an Integrated Automation System, the Power Management System…
Wärtsilä on ‘Entering a New Marine Era for Gas’
At upcoming International Workboat Show Wärtsilä’s John Hatley PE, Americas VP Ship Power to enlarge on marine gas fuel developments. At the show the company will…
Wärtsilä to Present 'New Maritime Era for Gas' at IWBS
Wärtsilä's John Hatley PE, Americas VP Ship Power, will talk on the subject at upcoming International Workboat Show (IWBS), New Orleans. Wärtsilä’s gas systems…
Wärtsilä Wins Brazil Liftboat Genset & Propulsion Orders
![Wärtsilä Underwater Demountable Thrusters: Image credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/l-underwater-demountable-thrusters-image-11197.jpg)
Wärtsilä’s success in Brazilian drill ship programme continues with latest genset and propulsion order for three new liftboats. This latest in a series of contracts won by Wärtsilä is to supply complete mechanical packages, comprising the generating sets and thrusters, for three new drill ships to be built by Brazilian shipyard ECOVIX. The vessels will be employed in Brazil’s pre-salt offshore oil fields.
Wärtsilä Webinar on Making Best Use of Scarce Resources
The Webinar, titled 'Performance Optimisation for the Merchant Marine Market' is freely available to all on 29, November 2012. In today’s marine market a difficult…
Wärtsilä Wins Multi-Engine Middle East Contract
![Wärtsilä 20 engine.](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-20-engine-10921.jpg)
Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract to supply the engines and complete propulsion systems for two newbuild vessel projects. The order includes a total of 28 engines for 14 vessels being built for the Kuwait Oil Company, and represents a major order for Wärtsilä from a Middle East based marine sector customer. The Wärtsilä propulsion solutions will be installed in nine 80 ton Bollard Pull (BP) tugboats…
Wärtsilä RT-flex Engines Achieve 1000 Orders Milestone
![RT-flex 82 Engine': credit Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/rtflex-82-engine-credit-wrtsil-10886.jpg)
Wärtsilä has received its 1000th order for the 2-stroke, electronically controlled, common-rail low-speed diesel engine. The 1000th order will power an efficient Very Large Crude Carrier (VLCC) tanker being built for JX Tanker Company Limited, the Yokohama, Japan based major tanker company. The 310.000 DWT vessel is being built at the IHI Marine United Inc., Kure shipyard, and is scheduled for delivery in 2014. The engine will be manufactured by Diesel United, Ltd.