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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 Takes Over Singapore Company
Wärtsilä has signed a contract to acquire the assets and business of MMI Boiler Management Pte Ltd., the Singapore-based company specialising in the service and…
Wärtsilä Extends License Agreement With Hyundai
![Wärtsilä and Hyundai Heavy Industries have signed an extension to their license agreement (Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-and-hyundai-heavy-industries-7754.jpg)
Wärtsilä, a marine industry solutions provider, and its South Korean partner, Hyundai Heavy Industries, Engine and Machinery Division, have signed a ten year extension to their license agreement to build Wärtsilä low-speed engines. The agreement was signed at a ceremony held on February 28, 2012, in Ulsan and covers the period from 2012 to 2021. Hyundai Heavy Industries (HHI) has through its Engine and Machinery Division been a licensee of Wärtsilä since 1975.
Algoma Selects Wärtsilä for Propulsion Installs
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Algoma Central Corporation has chosen Wärtsilä to supply complete propulsion systems with integrated scrubbers for six Great Lakes vessels. The full propulsion system with integrated fresh water scrubber lowers operating costs while reducing the vessel's environmental footprint by allowing owners to use high sulphur fuels in Emission Control Area (ECA) Zones and meet sulphur emissions restrictions. This represents the first order for the new integrated Wärtsilä scrubber concept.
Wärtsilä to Design for Brazil Pipe Laying Vessels
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Wärtsilä will supply the design and propulsors/positioning system for a series of two new flexible pipe laying vessels (PLVs) for advanced operations. The vessels are to be built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in the Republic of Korea. The owner and operator of the vessels is a joint venture formed between France-based energy industry company, Technip and the Brazilian oil & gas industry company, Odebrecht Óleo & Gás (OOG).
Wärtsilä CEO Addresses Challenges, Opportunities
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Björn Rosengren was appointed President and CEO at Wärtsilä Corporation, as from September 1 this year. In a recent interview he told Maritime Reporter his views on the current business environment, the markets and about tasks ahead. Henrik Segercrantz reports. Wärtsilä, a leading global provider of power solutions for ships and power plants, is a global market leader in some of its segments. On the maritime side…
Wärtsilä to Acquire Hamworthy plc
![Björn Rosengren, CEO, Wärtsilä Corporation](https://images.marinelink.com/images/maritime/w200h200c/bjrn-rosengren-ceo-wrtsil-corporation-6968.jpg)
Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms of the acquisition Hamworthy shareholders will receive 825 pence in cash for each Hamworthy share valuing Hamworthy's entire issued and to be issued share capital at approximately GBP 383 million.
Wärtsilä to Supply Propulsion for Containerships
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The environmental sustainability and reduced operating costs of Wärtsilä's integrated propulsion solution were major factors in the winning of these orders. Wärtsilä has been awarded the contract to supply the engines and propulsion equipment for six new Ro-Ro container vessels being built for NSCSA, the National Shipping Company of Saudi Arabia. The ships are being built at the MIPO shipyard in South Korea…
Wärtsilä Donates Engine to SUNY Maritime College
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Wärtsilä to donate diesel engine and equipment to SUNY Maritime College Engineering Department; Donation valued at $1 million. Wärtsilä, the marine industry’s leading solutions provider, will donate the main components of a hybrid diesel propulsion system to the Engineering Department at State University of New York Maritime College. The unveiling ceremony on October 12, 2011 serves as the official dedication and opening of the Wärtsilä Lab…
Wärtsilä to Equip First U.S. LNG OSV
![SV310DF Offshore Support Vessel](https://images.marinelink.com/images/maritime/w200h200c/sv310df-offshore-support-vessel-6544.jpg)
Wärtsilä, the marine industry’s leading gas solutions provider, will deliver an integrated propulsion system based on the use of LNG for two offshore support vessels for operation in the Gulf of Mexico. This is the first time U.S. flagged offshore supply vessels will run on clean and efficient LNG, which offers operational savings and environmental benefits. Wärtsilä has been awarded a contract in…
Wärtsilä Tests New Two-Stroke Dual-Fuel Gas Engine
Wärtsilä has tested its new low-speed gas engine technology in trials conducted at the company's facilities in Trieste, Italy. The tests were carried out on September…
Wärtsilä Waterjets for LCS Class
Wärtsilä won the contract to supply the waterjet propulsion system for two US Navy's Littoral Combat Ship (LCS) Independence Class vessels with an option for an…
Wärtsilä Acquires Cedervall
Wärtsilä has acquired Cedervall, a leading manufacturers of shaft seal and bearing systems for the marine industry. Cedervall is headquartered in Gothenburg, Sweden…
Wärtsilä to Power New DSCV
Wärtsilä won the contract to supply an integrated solution for power generation, power distribution, and propulsion for a new Diving Support & Construction Vessel…
Wärtsilä Supplies New Efficient PSV
![The new VS 485 Mk III has outstanding performance in the areas of fuel-efficiency and safety.](https://images.marinelink.com/images/maritime/w200h200c/the-new-vs-485-mk-5623.jpg)
The ship will be of the new VS 485 Mk III design and it will be one of the most cost and fuel-efficient supply vessels ever to be launched. Wärtsilä, the marine industry's leading solutions provider and system integrator, has been awarded the contract to supply the design and equipment for a new Platform Supply Vessel (PSV) for offshore operations. The order has been placed by Hellesøy Verft AS, the Norwegian shipyard that will build the vessel…
Wärtsilä Supplies Bio-Fuel for Cargo Vessel
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Wärtsilä's leading engine technology offers flexibility which enables switching of fuels without any interruption in operation should the need arise. This will be the first installation ever where a European commercial shipping operation is going to permanently use liquid bio-fuel. Wärtsilä, the marine industry's leading solutions provider and systems integrator, has been contracted by the STX Finland shipyard in Turku, Finland, to supply the main engines for a new multi-purpose cargo vessel.
Wärtsilä Opens New Workshop In Gdansk
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Wärtsilä's new workshop in Gdansk, Poland strengthens its service offerings to local shipping customers and others visiting Poland. In addition to advanced engine service work, the new workshop will also provide fuel system overhauls and overhauls of bow thruster units. Wärtsilä Corporation opens a new workshop in Gdansk, Poland on 20 May 2011. Located close to Polish shipyards and ports, the workshop…
Wärtsilä Extends Engine Portfolio, 62 & 72 Bore
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Wärtsilä, the marine industry's leading ship power system integrator, strengthens its offering in the mid-size, low-speed engine sector by adding new 62- and 72-bore low-speed engines to its portfolio. These standardised engines offer high propulsion efficiency, reliability, and optimised total cost of ownership for customers in the bulker, tanker, and feeder container markets. Both engines employ well-proven Wärtsilä low-speed technology…
Wärtsilä Wins Total Solution Order for LNG Vessel
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Wärtsilä, the marine industry's leading solutions provider, has been contracted by Kleven Maritime of Norway to design a new LNG powered Platform Supply Vessel (PSV) of the Norwegian operator Rem Offshore. The scope of the order also includes the propulsion machinery, automation and other equipment for the same vessel. Wärtsilä is the clear market leader in supplying design and propulsion solutions for LNG powered PSVs, a position that is further strengthened with this order.
Wärtsilä to Supply Ship Design and Full Diesel Electric Propulsion System
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Wärtsilä is able to offer its marine customers everything, from vessel design to the machinery and automation systems. This single-source supply capability leads to reduced building time, lower costs, and minimized project risks. This latest order also represents the first installation of the Wärtsilä 32 engine with increased power output. Wärtsilä, the marine industry's leading solutions provider…
Wärtsilä To Deliver New Ship Design for Bumi Armada
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Wärtsilä, the marine industry's leading solutions provider, has signed a contract with Nam Cheong Dockyard of Miri, Malaysia, which will build a Wärtsilä Ship Design (WSD) multi-purpose platform supply vessel (MPSV). This WSD 800 MPSV is the first in a new series of Wärtsilä designs being marketed as a total solution, including all relevant systems as well as the ship design. The total solution concept of the WSD 800 MPSV design includes four gensets.