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
US Navy Orders LCS Propulsion Items
Defense Maritime Solutions, Inc. secured a contract from the U.S. Navy's Southwest Regional Maintenance Center in San Diego in support of the waterjets and seals that they originally supplied for the Littoral Combat Ship Independence Class.The $9,135,942 firm-fixed price indefinite-delivery/indefinite-quantity contract includes four ordering year options which, if exercised, would bring the cumulative value of this contract to $60,582,873.
Hyundai Heavy Industries Selects Wärtsilä for VLEC Cargo Handling and Fuel Supply Systems
Finland-based marine equipment and technology group Wärtsilä has won a contract with Hyundai Heavy Industries (HHI) shipyard to supply the cargo handling and integrated fuel gas supply systems for Very Large Ethane Carrier (VLEC) vessels. This latest order, booked by Wärtsilä in Q1, 2023, is for two VLECs being built for Japanese ship owner Iino Line.The Wärtsilä equipment is scheduled for delivery to the yard in mid-2024.In February 2023…
Wärtsilä to Supply Reliquefaction Systems for Eight LNG Carriers
Finland-based marine equipment firm Wärtsilä has secured a contract to supply reliquefaction systems for eight LNG carriers."These eight vessels will be owned by various leading global shipping companies. The orders by Hudong Zhonghua Shipyard were booked into Wärtsilä’s order intake in Q1 2023," Wärtsilä said."The selection of Wärtsilä solutions reflects the industry’s focus on efficiency and reduced environmental impact as a means for decarbonizing marine operations.
Wärtsilä Signs Five-year Vessel Maintenance Deal with Abu Dhabi's NPCC
Finland-based marine technology company Wärtsilä has signed a five-year vessel maintenance deal with Abu Dhabi-based firm National Petroleum Construction Company (NPCC).Wärtsilä said that the agreement covered seven vessels in the NPCC fleet and was designed to maximize operational uptime."It will also provide flexibility in maintenance scheduling, which will ease chartering arrangements, while providing long-term cost predictability…
Wärtsilä to Deliver CCS-ready Scrubbers for 8,200 TEU Containerships
Wärtsilä received its first order for carbon capture and storage-ready scrubber systems - CCS-Ready scrubbers.Wärtsilä said that four 8,200 TEU container vessels, being built at undisclosed Asian-based yard, would be fitted with Wärtsilä’s CCS-Ready 35MW scrubber in an open loop configuration.The scrubbers are termed CCS-Ready because, as part of their installation, Wärtsilä will perform additional…
Bleutec's 'Binary Marine Installation Solution' Earns AIP from ABS
Houston-based Bleutec Industries announced it has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for the designs of its Jones Act compliant offshore wind farm construction solution.Envisioned as an alternative to wind turbine installation vessels (WTIV), Bleutec's "binary marine installation solution" (BMIS) is a spread of DP2 vessels designed in partnership with Ohio-based naval architecture and marine engineering firm NETSCo, each engineered to be built at U.S.
Wärtsilä, Berge Bulk in Marine Industry’s "First-ever" Shaft Generator Retrofit
Finland's marine technology company Wärtsilä said Tuesday it had retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk, in what it said was an industry first."This is the marine industry’s first-ever shaft generator retrofit, and its successful completion will improve the vessel’s Energy Efficiency Existing Ship Index (EEXI) while reducing overall carbon footprint…
Furetank Transforms Former Office into Ship Sim Center
Furetank turned a former office building into a maritime educational center on Donsö outside Gothenburg: a state-of-the-art ship simulator complex for training, assessment and certification. Starting in the summer of 2023 it will be available for the shipping cluster on Donsö as well as external organizations.Furetank has ordered a large range of new-built vessels to be delivered in the coming years, and crewing these ships is a challenge.
Wärtsilä to Supply Systems on Four PIL Containerships
Wärtsilä will supply the LNG Fuel Gas Supply System, Propulsion Control System and Alarm Monitoring and Control System for four new 8200 TEU LNG dual-fuel container ships being built for Singapore-based Pacific International Lines (PIL) at the Jiangsu New Yangzi Shipbuilding yard in China. The orders were included in Wärtsilä’s order book in Q4 2022.Wärtsilä Fuel Gas Supply System (FGSS) will feed LNG fuel to power both main and auxiliary engines from the vessel’s 7500 cu. m. membrane tank.
Wärtsilä to Equip Pacific International Lines' Newbuilds
Technology group Wärtsilä announced it will supply the liquefied natural gas (LNG) fuel gas supply system, propulsion control system and alarm monitoring and control system for four new 8200 TEU LNG dual-fuel containerships being built for Singapore-based Pacific International Lines (PIL) at the Jiangsu New Yangzi Shipbuilding yard in China. The orders were included in Wärtsilä’s order book in the…
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.
