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 Inks Service Deal for Four Knutsen OAS Ships
The technology group Wärtsilä said it has signed a service agreement with the Norway based fleet operator Knutsen OAS covering the reliquefaction plant for four liquefied natural gas (LNG) carriers.The scope of the agreement includes Wärtsilä’s digital Operim (Operational Performance Improvement & Monitoring) system, which provides real-time data on Wärtsilä’s onboard equipment, thus enabling expert management and control to deliver cost-savings and more efficient operations, Wärtsilä said.
Current Direct: A Transition Effort in Europe
The European Union is underwriting a project, called Current Direct, to facilitate and hasten the transition to battery powered commercial maritime vessels. It's funded by the European Union’s Horizon 2020 research and innovation program. It also has 13 private sector partners, including Blackstone Resources, Spear Power Systems and Wärtsilä. It has a quick timeline; a demonstration project should be ready by 2023.New thinking and innovation run across every aspect of this project…
Wärtsilä Scrubbers for RoPax Newbuilds
Wärtsilä won a new agreement for its exhaust gas cleaning systems to be installed on two newbuild 218m RoRo passenger vessels (RoPax) at Guangzhou Shipyard International (GSI) in China.Signed in February 2022, the contract calls for Wärtsilä to fit and commission two 25-MWV-SOx hybrid scrubber systems, which can run in both open and closed loop configurations, on each vessel. With the systems, RoPax…
Wärtsilä's Engines and Electrical Solutions for Australian RoRo Newbuild
Finland-based marine engine maker Wärtsilä said Tuesday it would deliver main and auxiliary engines, fuel storage tanks, gas handling equipment and electrical systems for a new RoRo being built for Australian operator SeaRoad Shipping.The 210 meter-long vessel is being built at the Flensburger Schiffbau-Gesellschaft (FSG) shipyard in Germany. The RoRo vessel will operate primarily on LNG fuel.The vessel…
Wärtsilä Assisting Solstad Offshore with Fleet Decarbonization
Norwegian offshore vessel owner Solstad Offshore has plans to reduce the carbon footprint of its 90 vessel fleet, and has turned to the technology company Wärtsilä for collaboration. "The aim is to achieve a 50 percent reduction in CO2 emissions by 2030. Partnership is seen as being key to finding the right solutions," Solstad said.The agreement aims to identify, evaluate, and implement solutions that…
Wärtsilä and Grimaldi Unveil System to Filter Ocean Microplastics
Wärtsilä and the Grimaldi Group have unveiled a system that uses exhaust gas scrubber washwater to tackle microplastics in the world’s oceans.According to the association Plastic Europe…
Wärtsilä to Power Poland’s First LNG-fueled RoPax Vessels
The technology group Wärtsilä said it has been contracted by Remontowa shipyard in Poland to supply engines, fuel storage and supply systems for three new RoPax vessels, the first liquefied natural gas (LNG)-fueled RoPax vessels to be built for the Polish maritime sector. The ships will be operated by ferry companies Unity Line and Polferries. The contract with Wärtsilä was signed in January 2022.The vessels will each operate with four Wärtsilä 31DF dual-fuel engines.
STQ Inks Maintenance Deal with Wärtsilä for Two Vessels
Technology group Wärtsilä reports it has signed an Optimized Maintenance Agreement with the Canadian ferry operator Societé des Traversiers du Quebec (STQ). The five year long-term agreement covers two vessels, the Jos Deschenes II and the Armand Imbeau II, each of which operates with Wärtsilä 20DF dual-fuel engines. A similar agreement was signed earlier covering another STQ ferry, the F.A. Gauthier.
World's Largest Cruise Ship Wonder of the Seas Delivered to Royal Caribbean
Royal Caribbean International has taken delivery of its fifth Oasis Class cruise ship, Wonder of the Seas, from French shipbuilder Chantiers de l’Atlantique, in Saint-Nazaire, France.At 236,857 GT, the new cruise ship takes the title of world's largest from its 228,081 GT sister ship Symphony of the Seas, in service since 2018.The 1,188-foot-long, 210-foot-wide Wonder of the Seas has 18 decks, including 16 guest decks…
Stena RoRo's Ro-Pax Vessel Trio to Sport Broad Range of Wärtsilä Solutions
Finland-based marine technology and equipment specialist Wärtsilä will provide a broad scope of its solutions for three new LNG-fuelled Ro-Pax vessels being built in China for Swedish ferry operator Stena RoRo.China Merchants Jinling (Weihai) Shipyard is building the vessels. They will operate with Wärtsilä engines and propulsion machinery when delivered in 2024 and 2025. The vessels, each around 200 meters long…
Wärtsilä to Supply Methanol-fueled Engines for Van Oord's Offshore Wind Installation Vessel
Five Wärtsilä 32 engines capable of operating with methanol will power a new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai CIMC Raffles shipyard in China, in what is the first such order for the Finland-based marine engine and equipment maker.Dutch marine and offshore services company Van Oord in October 2021 ordered the jack-up for offshore wind turbine installation.
Wärtsilä to Power Seven New Arctic Shuttle Tankers
Wärtsilä will supply the main and harbor engines for a series of seven new arctic shuttle tankers being built at the Samsung Heavy Industries (SHI) yard in South Korea. The order, which is valued at more than EUR 100 million, was placed with Wärtsilä in December 2021.The 120,000 DWT vessels are Arc 7 classified and have icebreaking capability. The Wärtsilä engines are designed to operate reliably at temperatures as low as minus 45 degrees C.
Is Baltic Sea Special Area for Passenger Ships Really Special?
The persistent eutrophication (being too rich in nutrients) of the Baltic Sea prompted the IMO’s Baltic Member States to tackle shipping’s < 0.1% contribution by designating the Baltic Sea as the first Special Area under Annex IV of IMO’s MARPOL Convention [1]. Passenger ships must give sewage to wastewater treatment works (WWTWs) ashore via the port reception facilities (PRFs) or operate a nutrient removal sewage treatment plant (STP) on board prior to discharge.
Wärtsilä Tech Tapped for 12 LNG-fuelled Container Ships
Wärtsilä was selected to supply a broad scope of solutions for new LNG-fuelled container ships ordered by CMA CGM, on its latest series comprises 12 container vessels to be built in China. Six 13,000 TEU container vessels are being built at the Hudong-Zhonghua Shipbuilding (Group) CO. Ltd, with the other six 15,000 TEU container vessels under construction at the Jiangnan Shipyard (Group) Co., Ltd.
Wärtsilä Installs 'Unique' Hybrid Power System on Paolo Topic Bulk Carrier
Finland-based marine tech group Wärtsilä said Tuesday it had installed and commissioned a unique hybrid power system combined with a PV solar energy system in collaboration with Marfin Management and Solbian, onboard the Paolo Topic bulk carrier.Wartsila said that the new features make the Paolo Topic "one of the most technologically advanced vessel of its type in the global fleet."The Paolo Topic…
Boskalis Takes Delivery of Largest Biofuel Consignment to Date
Dutch dredging and marine services company Boskalis said it has taken delivery of its largest-ever consignment of drop-in biofuel which will be used to power two hopper dredgers on upcoming projects in northwestern Europe.The use of cleaner-burning biofuel will result in a CO2 reduction of approximately 90% for the 12,000 m3 hopper dredger Willem van Oranje and approximately 45% for the 4,500 m3 hopper dredger Strandway…
DSME Orders Wärtsilä Thrusters for Eneti's WTIV
Finland-based marine technology company Wärtsilä will supply the seven thrusters for Eneti's new Wind Turbine Installation Vessel (WTIV) being built at the Daewoo Shipbuilding & Marine yard in South Korea."By providing outstanding thrust, robust station-keeping capability, and efficient transit operation, the Wärtsilä thrusters will enable optimal propulsion performance for the vessel. The order with Wärtsilä was placed in October 2021.
Wärtsilä to Equip Second US LNG Bunker Vessel
The technology group Wärtsilä said it will supply a complete liquefied natural gas (LNG) cargo storage and handling system for a new 103 meter (340 feet) long LNG bunker barge to be built at Fincantieri Bay Shipbuilding in Wisconsin, USA for Polaris New Energy (PNE). This is the second of two such barges built at the yard for PNE, the same Wärtsilä solution having been ordered for both. The first barge is scheduled for delivery from FBS in December 2021.
Wärtsilä Launches EEXI Power Limitation Solutions
The technology group Wärtsilä has launched a new series of power limitation solutions that enable compliance with the IMO’s Energy Efficiency Existing Ship Index (EEXI) regulation.The EEXI regulation comes into effect in 2023 and stipulates the minimum energy efficiency level for existing ships already in service. According to Wärtsilä, its new power limitation systems allow owners to meet this requirement, despite the tight implementation schedule.
Wärtsilä Developing Smart Port Solutions in Singapore
Wärtsilä Voyage has signed a Memorandum of Understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to further strengthen their collaboration in smart port innovation and digitalization. The main objectives of this strategic partnership are to initiate, develop and promote innovative solutions that accelerate digitalization; foster interoperability in e-navigation and ship-to-shore secure data communications to enable port-to-port optimization and establish reliable…
