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's Hybrid Propulsion System for Four New Heavy Lift Vessels
Finland-based marine engine and technology provider Wärtsilä will supply its hybrid propulsion system for four new heavy lift vessels being built at the Wuhu Shipyard in China. The ships are set to be delivered in 2025, and they will mostly be used to help set up wind farms. The vessels have been contracted by SAL Heavy Lift GmbH, a German heavy lift and project cargo specialist and part of the Harren Group, in cooperation with its joint-venture partner, Netherlands-based Jumbo Shipping.
EBDG Unveils Harbor Power and Charging Barge Design
Seattle-based naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) last week unveiled the design for a new barge engineered to offer power and charging to vessels in ports and harbors.Delivering 7 megawatts (MW) of continuous power generated by methanol, the 225-foot-long floating mobile platform is capable of cold ironing to minimize emissions from large vessels both at the pier and at anchor for up to two weeks before refueling.In addition…
Wärtsilä’s Cargo Handling and LPG Fuel Supply Systems for Exmar Gas Carriers
Wärtsilä will deliver its cargo handling and LPG fuel supply systems for two LPG/Midsize gas carrier vessels being built at Hyundai Mipo Dockyard in South Korea for EXMAR LPG.EXMAR LPG is a joint venture between EXMAR, a maritime and offshore solutions provider and Seapeak. According to Wärtsilä, the 46,000 m3 capacity vessels will be the largest of their kind in the world, and there is an option for two additional ships as well.
Wärtsilä to Integrate Voyage Business with Marine Power
Wärtsilä Corporation announced it is integrating its Voyage business into Marine Power as a business unit.The President of Wärtsilä Voyage Sean Fernback will leave the company and he will be succeeded by Hannu Mäntymaa with immediate effect. Mäntymaa, currently VP, Performance Services in Wärtsilä Marine Power, will take over to lead the integration process until year-end and will join Wärtsilä’s Board of Management for the interim period.
CBO Taps Wärtsilä for Offshore Vessel Fleet Decarbonization
Finland-based marine enginer maker and maritime technology provider Wärtsilä and Brazil-based offshore vessel owner Companhia Brasileira de Offshore (CBO) have signed an agreement for decarbonisation modelling. The objective is to support and accelerate CBO´s journey towards decarbonised operations for its fleet of offshore support vessels, which is one of the largest in its segment in Brazil, Wärtsilä…
Partners Plan Cargo Ship That Runs on Green Ammonia
A team of Finnish maritime industry partners are developing plans to build a cargo vessel that runs on green ammonia.Shipping company Meriaura, technology company Wärtsilä and green energy project development company Green NortH2 Energy signed a letter of intent (LOI) to develop the cleaner-burning vessel, which will be ordered and operated by Meriaura and equipped with Wärtsilä’s modular multifuel main engines.
Wärtsilä Wins Propulsion Orders for Four Fishing Vessels
Wärtsilä was tapped to supply the propulsion machinery for four new fishing vessels being built at Karstensens Shipyard in Denmark. The 75 m-long purser/trawler vessels are being built for different owners. Two are for Icelandic fishing and processing companies, namely Skinney-Thinganes and Gjögur, while the other two are for Norwegian owners, Veibust Fiskeriselskap and Ronald Ervik.Each of these vessels…
Wärtsilä Reports Chinese Orders
The technology group Wärtsilä on Monday informed of recent orders for engines compliant with China’s stage II, or C2 emissions standard. This legislation entered into force in July 2021 and is applicable to vessels sailing on inland waters, in coastal areas, and in most rivers. It covers domestic bulk carriers, feeder containers, oil tankers, passenger Ro-Ro ferries and government vessels.“Wärtsilä is heavily focused on making the decarbonization of shipping a reality.
Hyundai Mipo Building Hybrid RoRo Ships for CLdN
Wärtsilä and logistics provider CLdN have jointly developed an innovative hybrid design for two new RoRo vessels. The propulsion arrangement is such that the ships can operate as gas/diesel-mechanical vessel now, or in the future as gas/diesel-electric vessel. The vessels are being built at Hyundai Mipo Dockyards in Korea.The Wärtsilä hybrid system includes Energy Storage Systems, two large PTO/PTI generators and electric motors…
Wärtsilä 25: New Medium-speed Four-stroke Engine Launched
Wärtsilä introduced its new Wärtsilä 25 medium-speed four-stroke engine based on its modular technology platform and designed to accelerate and support the maritime sector’s efforts in achieving decarbonized operations.The engine is already capable of operating on diesel, liquefied natural gas (LNG), or on either gas or liquid carbon-neutral biofuels, and can easily be upgraded to operate with future carbon-free fuels as they become available.
Wärtsilä, Maersk Developing Solution to Prevent Scrubber Discharge Pipe Corrosion
The technology group Wärtsilä and Danish ship operator A.P. Moller - Maersk have provided a means for preventing corrosion in scrubber discharge pipes. The permanent in-pipe solution is designed to solve corrosion problems associated with open-loop scrubber washwater discharge.The majority of the estimated 5,000 scrubber systems installed across the global fleet are of open-loop configuration. With this system…
Wärtsilä Unveils R&D Test Vessel
Wärtsilä Voyage, part of the technology group Wärtsilä, unveiled its new demonstrator and innovation vessel, AHTI, at SMM in Hamburg, Germany. With AHTI, Wärtsilä Voyage has created a seaborne environment where customers can test Wärtsilä Voyage’s own technologies, as well as its technology partners’ solutions. These trials will be conducted in changeable real-life sea conditions which can be difficult and costly to recreate in a laboratory environment.In its previous life…
Wärtsilä Engines Selected for Brazilian ATB Pair
Wärtsilä said it will supply the engines for two new articulated tug barges (ATBs), designed by Robert Allan Ltd and built by Estaleiro Rio Maguari for Brazilian logistics integrator Alianҫa Navegaҫão e Logística, a member of A.P.Moller - Maersk.The order was placed in May 2022, and according to Wärtsilä, the main consideration in the award of the contract was to minimize fuel consumption and emissions in line with the company’s commitment towards decarbonizing its operations.
Wärtsilä to Supply Propulsion for World’s Largest Aluminum Catamaran
Wärtsilä said it will supply the engines, waterjets and fuel storage and supply system for a new high speed catamaran ferry. The vessel is being built at the Incat yard in Tasmania, Australia on behalf of Argentinian ferry operator, Buquebus. Having an overall length of 130 meters, a width of 32 meters and the capacity to carry 2,100 passengers and 226 cars, it will be the largest aluminum catamaran ever built by Incat.
Brittany Ferries to Install Wärtsilä's 'Smart' Camera System
Wärtsilä Voyage, part of the technology group Wärtsilä, announced that its Smart Panoramic Edge Camera System (SPECS) will be used by Brittany Ferries to improve the safety and efficiency of its passenger ferry operations. SPECS will be first installed onboard the Salamanca – the 214.5 meter, 1015 passenger ferry which started operations between Portsmouth and Bilbao in March 2022.The SPECS super-wide cameras will give the crew a 360° view…
Knutsen Orders Wärtsilä Compact Reliq Systems
Wärtsilä said it has been tapped to supply three more of its Compact Reliq reliquefaction plants to Norway-based Knutsen OAS Shipping, bringing the total number of orders for the same customer to eight, with two having been ordered in 2020, and a further three in 2021. The systems are being installed on eight new liquefied natural gas (LNG) carriers being built at the Hyundai Heavy Industries (HHI) yard in South Korea.
Stena, Wärtsilä to Build World’s Largest Hybrid Ship
Wärtsilä will supply its hybrid propulsion system for three new RoPax vessel currently built for Stena RoRo, Europe´s largest ferry company. Two of the ferries will have a battery capacity of 11.5 MWh, reportedly making them the marine industry’s largest hybrid vessels to date.“Stena wants to be a frontrunner in decarbonizing our fleet and, together with our partners, pushing developments towards zero emission operations,” says Per Westling, Managing Director, Stena RoRo.
Wärtsilä Acquires PortLink Global
Wärtsilä Voyage acquired PortLink Global, a global port solutions company headquartered in Vancouver, Canada. The move is intended to speed Wärtsilä Voyage along its path towards creating an end-to-end connected maritime ecosystem.The transaction was signed and closed in June 2022.PortLink and Wärtsilä Voyage have partnered in the past – collaborating on projects including the co-development of a Port Management Information System (PMIS) for the largest Mediterranean and African port…
FSG Begins Building SeaRoad’s New Ship
German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has cut first steel for a new new roll-on/roll-off (RoRo) freight vessel being constructed for Australian shipping company SeaRoad.A May 20 steel cutting event involved the ceremonial ‘pushing of the button’ to start the laser cutting machine with SeaRoad Technical Marine Manager, Tony Johnson, and FSG CEO Philipp Maracke doing the honors.
Maran Gas Extends Maintenance Deal with Wärtsilä
Wärtsilä announce it has signed a renewal of its Optimized Maintenance Agreement with the Greek shipping company Maran Gas Maritime, part of Angelicoussis Shipping Group (ASGL). The new agreement will run for five additional years, and is designed to ensure operational certainty with controlled and predictable costs for Maran Gas’s fleet of 21 TFDE LNG carrier vessels. The signing took place on May 3, 2022.The Maran Gas vessels are all powered by Wärtsilä 50DF dual-fuel engines.