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 Powers New Carnival Vessel
Wärtsilä has received an order to power the new cruise vessel of Carnival Corporation, USA carrying the preliminary name Carnival Dream 3. The vessel will be built by the Fincantieri Monfalcone shipyard in Italy and its launch is scheduled for August 2011. Carnival Dream 3 will enter service in the spring of 2012. Wärtsilä's scope of supply includes six Wärtsilä 46 engines. "Wärtsilä and Carnival Corporation…
Wärtsilä for Eight Chinese Bulk Carriers
Wärtsilä's two-stroke engines have been chosen for eight Chinese bulk carriers. The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd. Wärtsilä's Chinese licensee, Hefei Rong'An Power Machinery Co Ltd (Rong'An), a member of the Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI), will build the engines. The Wärtsilä RT-flex58TB two-stroke engines will be installed in a series of eight 76,000 dwt Panamax bulk carriers.
Wärtsilä Powers Polar Supply & Research Vessel
Wärtsilä has signed a contract with the STX Finland Oy shipyard in Rauma, Finland, to deliver four Wärtsilä 32 engines for a Polar Supply and Research Vessel. The owner of the vessel will be the Republic of South Africa's Department of Environmental Affairs, and it will be operated by SMIT Amandla Marine, of South Africa. The vessel's crew will be trained at the Wärtsilä Land and Sea Academy in Turku, Finland.
Wärtsilä Slow Steaming Upgrade Kits
Wärtsilä has signed a contract with the German shipowner Jüngerhans, located in Haren (Ems), Germany, to refit two of its vessels with Wärtsilä Slow Steaming Upgrade Kits to cut fuel costs.
Wärtsilä Wins Advanced Lube Order
Wärtsilä has been awarded a contract by DSD Shipping AS of Stavanger, Norway to retrofit the main engines on four DSD Shipping vessels with the Wärtsilä Retrofit Pulse Lubricating System. The Retrofit Pulse Lubricating System (RPLS) is designed to lower the oil feed rate to the engine, thus cutting the consumption of lubricating oil. This creates savings in operating costs, and also has a positive effect on exhaust emissions.
China Orders First Wärtsilä RT-flex35
Wärtsilä has received the first order for its new Wärtsilä RT-flex35 two-stroke engine. The Wärtsilä licensee, Yichang Marine Diesel Engine Co. (YMD), manufacturing low-speed marine engines in China, has signed a contract with Ningbo Donghai Shipping Co. Ltd to deliver five Wärtsilä RT-flex35 engines for a series of five chemical tankers. "Among low-speed engines with smaller bores, the biggest advantages…
Wärtsilä Launches Environmental Services
Wärtsilä has introduced a new portfolio of services, Environmental Services, to both the marine and energy market. Environmental Services will help customers to…
Wärtsilä Sales Success, RT-flex82 Engines
Wärtsilä reports sales success with its newly introduced Wärtsilä RT-flex82T low-speed engine. - Six engines for VLCCs to be built by Dalian Shipbuilding Industry Co. - Two engines for VLCCs to be built by Hyundai Heavy Industries Co.Ltd. The engines have been contracted by the licensees of Wärtsilä Corporation. Wärtsilä enjoys a global market share of approximately 50 percent in electronically-controlled low-speed engines.
Wärtsilä Reduces Manufacturing Footprint
Wärtsilä has analysed its manufacturing footprint as announced in October. To adjust to the fundamental changes in the market Wärtsilä plans to reduce its manufacturing capacity.
Wärtsilä Contract with Dutch Ship Owner
Wärtsilä has signed a three-year training contract with its long-time customer Wagenborg Shipping of the Netherlands. The agreement covers the training of more than…
Wärtsilä Powers Eleven Spliethoff Vessels
Wärtsilä has been awarded two large orders from the Spliethoff Group, headquarted in Amsterdam, the Netherlands. The orders are for propulsion systems for eleven ships that the Spliethoff Group has ordered at the Ouhua Shipyard in Zhejiang, China. The Wärtsilä scope of delivery includes engines, propellers and efficiency rudders, as well as bow thrusters forming a complete integrated propulsion system for the ships.
Wärtsilä Engines for CGS Vessels
China Shipping Container Lines Co., Ltd. (CSCL), part of the China Shipping Group (CSG), has chosen Wärtsilä main engines for eight container vessels. The Wärtsilä…
Wärtsilä Designed Research Vessel for India
Wärtsilä, a ship power system integrator and solution provider, has signed a contract to design and supervise the construction of a modern oceanographic research…
Wärtsilä Ship Design Contract for 12 Vessels
Wärtsilä, ship power system integrator, has signed a ship design contract with Pipavav Shipyard of India. The contract calls for a total of 12 Offshore Supply Vessels (OSVs) to be designed by Wärtsilä and built by Pipavav, for delivery to ONGC - Oil and Natural Gas Corporation Ltd, which is the largest oil and gas producer in India. The yard is scheduled to begin production of the first seven vessels in the first quarter of 2010.
Wärtsilä Delivers to Russian Shipyard
Wärtsilä has been awarded the contract to supply an integrated total electro-propulsion package for a Russian state-owned ship. The package is to be installed in a Multipurpose Salvage Vessel (MPSV) being built by Russia's Nevsky shipbuilding and ship repair yard in Shlisselburg, close to St Petersburg. Wärtsilä's ability to supply integrated total propulsion was an important consideration for the shipyard when selecting the company as a partner for this project.
Wärtsilä Ship Design Services in Brazil
Wärtsilä, the leading ship power systems integrator, has strengthened its presence within the Brazilian maritime industry by incorporating Wärtsilä Ship Design into Wärtsilä's Brazilian operations.
Wärtsilä Joins UN Global Compact initiative
Wärtsilä has signed the United Nations Global Compact initiative and has been registered as a participant by the UN Global Compact Office. With this action Wärtsilä…
Wärtsilä Role in FellowSHIP Project
Wärtsilä has been assigned overall responsibility for systems integration in the pioneering FellowSHIP project. Wärtsilä's specially designed equipment is being used to integrate and create synergies between marine technology and state-of-the-art fuel cell technology. The equipment has been installed onboard the platform supply vessel Viking Lady for extensive sea tests. The innovative solution is…
Wärtsilä Scrubbers Certified for Sulphur Oxide
After performing successfully in a series of tests, the Wärtsilä sulphur oxides (SOx) scrubber has been granted the Sulphur Emission Control Area (SECA) Compliance…
Wärtsilä Ship Power Organizational Adjustments
The Ship Power business of Wärtsilä Corporation has finished the formal process in Finland and in some other countries, aimed at realigning its organization and resources.
