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 Establish China Engine Manufacturing J/V
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
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
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
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’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, 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
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.
Wärtsilä Contracted by Vyborg Shipyard
Wärtsilä was contracted to supply integrated power and automation systems for two Russian icebreakers. Wärtsilä won the contract to supply integrated power and automation…
Wärtsilä to Supply Plant for New Russian Icebreakers
Wärtsilä contracted to supply equipment for two new icebreakers being built for a Russian state-owned enterprise by Vyborg Shipyard. The vessels, scheduled to be delivered in 2015…
Wärtsilä Launches Efficient New Aframax Tanker Design
Wärtsilä, a marine industry's solutions and services provider, has launched a new, highly efficient Aframax tanker design that offers solutions for current and forthcoming emissions legislation.
Wärtsilä Interim Financial Report
Wärtsilä Corporation report January to September 2012 indicates growth in orders & net sales despite tough markets. Highlights of the review period Jan – Sept 2012.
Wärtsilä Wins Contract to Supply Aquarius UV
Wärtsilä has won a contract to supply ballast water management systems (BWMS) to four platform supply vessels (PSVs) for Tidewater Marine, L.L.C., a provider of offshore service vessels to the global energy industry. The scope of supply for the vessels, due for delivery from the Cosco (Guangdong) Shipyard in 2014, includes four 250m3/hr capacity Wärtsilä Aquarius UV BWMS, which will be assembled and shipped from Wärtsilä’s manufacturing facility in the UK.
Wärtsilä Wins PSV BWT Contract
Wärtsilä wins contract to supply AQUARIUS® UV ballast water management systems to four Tidewater Marine Platform Supply Vessels (PSV). The scope of supply for the vessels…
Wärtsilä Awarded Order for Six Brazilian Drill Ships
Wärtsilä, the marine industry's leading solutions and services provider, has been awarded the contract from Jurong Shipyard Pte Ltd, a subsidiary of Sembcorp Marine…
Wärtsilä X72 Engines Selected for Six Vessels
Wärtsilä, a marine industry's solutions and services provider, is to supply its recently introduced Wärtsilä X72 licensed engines to power six new vessels for two Singapore based shipping companies.
Wärtsilä Continues to Drive for Gas
Martime Reporter & Engineering News recently had the opportunity to sit down with Paolo Tonon, Wärtsilä’s new vice president of R&D; and Elias Boletis, Ph.D., Wärtsilä’s Director of Propulsion Programs & Technologies, for insights on key drivers in modern marine propulsion systems design and delivery. Can you provide a brief personal and professional history? Tonon I joined Wärtsilä in 1995 as a student in Italy.
Gas Tankship Equipment Contract for Wärtsilä Hamworthy
Wärtsilä Hamworthy contracted by Hyundai Mipo Dockyard for cargo handling equipment & engineering for four Exmar Shipping SA gas carriers. Wärtsilä Hamworthy’s scope of supply will include cargo related engineering including deck tank engineering, reliquefaction plant, Wärtsilä Moss inert gas generator, Wärtsilä Svanehøj cargo pumps, cargo heater and vaporiser, cargo control system, supervision and commissioning. All equipment and engineering services will be delivered in 2013.
