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
Tech File: Wärtsilä Launches Smaller, Lighter Scrubber Series
When scrubbers were first discussed as a mainstream solution for shipowners to meet strict new emission targets demanded IMO2020, chief concerns centered on size and weight of the new units. Wärtsilä launched its new IQ Series exhaust gas treatment system, designed by its Exhaust Treatment business unit in Moss, Norway, and touted as smaller and lighter.The IQ Series is the latest advancement in maritime exhaust gas treatment technologies…
Lengthening of Three Windstar Cruises Vessels Completed
A major project to lengthen and renovate three Windstar cruise ships has been completed.The conversions were led by the Fincantieri yard starting in 2019 with the first of the three sister vessels, the Star Breeze, being completed in 2020. This was followed by the Star Legend in mid- 2020, and finally the Star Pride in October 2021. The renovation included the ships being extended in length from 135 meters (443 feet) to 160.6 meters (527 feet).
Wärtsilä to Launch Two-stroke Future Fuels Conversion Platform
Finnish technology group Wärtsilä said it is set to launch a new engine combustion technology platform designed to enable the "fast and cost-effective" conversion of two-stroke main engines to operate on clean-burning future fuels.The company's Two-Stroke Future Fuels Conversion platform is due for commercial launch during the first quarter of 2022, as the maritime industry continues to work toward…
Wärtsilä to Supply Scrubbers for Trasmed GLE S.L. RoPax Pair
Wärtsilä Exhaust Treatment will install its open loop exhaust gas abatement technology on two roll-on/roll-off passenger ferries owned by Spanish company Trasmed GLE S.L., which is part of the multinational logistics company Grimaldi Group.Trasmed GLE S.L. has selected four of Wärtsilä’s I-SOx open loop scrubbers with exhaust de-plume systems for the RoPax vessels Volcan del Teide and Ciudad de Granada, which operate in the Mediterranean Sea.
Gaslog Inks Maintenance Deal with Wärtsilä
Wärtsilä’s Optimized Maintenance Agreement has been selected by Greek shipowner and operator Gaslog to cover 10 of the company’s very large liquefied natural gas (LNG) carrier vessels. The agreement, signed in June 2021, is designed to ensure certainty of operations with budgeted maintenance costs, Wärtsilä said.The tailored agreement covers the vessels’ twin two-stroke dual-fuel main engines, enabling them to benefit from condition monitoring and asset diagnostic services…
Tech File: Wärtsilä Voyage Bridge Tech for National Geographic Resolution
Wärtsilä Voyage delivered its integrated bridge and navigation solution for polar cruise vessel National Geographic Resolution. Built at Ulstein Verft shipyard, Lindblad Expeditions Holdings, Inc. took delivery of the National Geographic Resolution in September 2021. Along with its sister ship National Geographic Endurance, this is the second vessel in a series of two explorer vessels to have Ulstein signature X-BOW…
Bay Shipbuilding to Build Second LNG Bunker Barge for Polaris
Fincantieri Bay Shipbuilding announced Wednesday it will build a second liquefied natural gas (LNG) bunker barge for PNE Marine Holdings, an affiliate of Northstar Terminals subsidiary Polaris New Energy. The new 5,500 cubic meter (CBM) capacity barge will be a sister to Clean Canaveral, which is scheduled to be delivered to Polaris in mid-November.The maritime sector is seeing growing demand for economical supply of LNG fueling…
Simon Møkster, Wärtsilä to Test Ammonia and LNG Dual-fuel Ops on Offshore Vessels
Norway-based offshore vessel owner Simon Møkster Shipping has signed a collaboration agreement will Finland-based maritime engine and equipment maker Wärtsilä to carry out a feasibility study on utilizing ammonia as the main fuel in dual-fuel engines where LNG is the alternative fuel.The goal is to show that adapting offshore support vessels for dual ammonia – LNG operation is feasible and that it can be done safely and efficiently."We are excited to join Wärtsilä in this project.
Siem Offshore's PSV to Feature Wärtsilä Energy-saving Hybrid Propulsion
Finland-based marine equipment and technology provider Wärtsilä will upgrade Siem Offshore's platform supply vessel ‘Siem Pride’ for hybrid engine and battery propulsion. The upgrade will enable the vessel to reduce the number of engines in use during operations and lower its energy and fuel consumption. "Central to the conversion will be the Wärtsilä HY Module, which is a containerized solution on the deck of the vessel…
Wärtsilä Forecasts Q4 Surge in Demand, Shares Jump
Finnish engineering group Wärtsilä forecast a surge in demand for its products in the final three months of the year, sending its shares sharply higher, as its CEO said prospects were strongest for its marine business.The ship technology and power-plant maker struggled with slumping orders, especially from the marine sector, in 2020 after curbs linked to COVID-19 restrictions caused Royal Caribbean…
Solvang Ethylene Carrier to Be Retrofitted with CCS System
Norwegian shipping company Solvang will pilot a retrofitted carbon capture and storage (CCS) system on one of its ethylene carriers in an effort to test the technology as a potential solution to support decarbonization in the shipping industry.Wärtsilä Exhaust Treatment said it is designing the retrofitted unit while it also completes a land-based 1MW test system at its Moss headquarters in Norway.
Wärtsilä to Deliver Navigation Simulator to Singapore
Wärtsilä Voyage will deliver the next generation navigational simulator for Singapore’s Center of Excellence in Maritime Safety (CEMS) to prepare seafarers for shore-based remote management of vessels and autonomous ship operations. CEMS is a collaboration between the Singapore Maritime Institute (SMI) and Singapore Polytechnic, supported by the Maritime and Port Authority of Singapore. The next generation…
Maersk to Trial Silverstream Air Lubrication System
The world’s largest container vessel operator A.P. Moller - Maersk will trial an air lubrication system on board one of its vessels to examine possible improvements to overall efficiency, focusing on the reduction of fuel consumption and associated emissions.Technology group Wärtsilä, in cooperation with Silverstream Technologies, will install Silverstream’s proprietary air lubrication system, the Silverstream System…
World's First: Wärtsila, Eidesvik to Equip OSV with Ammonia-fueled Combustion Engine
Norwegian offshore vessel owner Eidesvik and Finland-based marine equipment manufacturer Wartsila are going to convert an offshore supply vessel (OSV) to operate with an ammonia-fuelled combustion engine with the required fuel supply and safety system. "This project will be the first of its kind ever in the world and has a provisional completion target by the end of 2023," Wärtsilä said.The offshore…
Wärtsilä Awarded Certification for EU Stage V Compliance
The technology group Wärtsilä has received marine sector commercial certification for compliance with the EU’s Stage V standards. The Stage V legislation, which came into force in 2020, tightens restrictions on non-road engines and equipment, and sets stricter limits on emissions, especially particulate matter (PM) and nitrogen oxide (NOx) emissions. The certification applies to the total solution…
Wärtsilä to Supply Engines for New Brazilian Pusher Tugs
Wärtsilä will supply the engines for two new pusher tugs being built for the Brazilian operator Hidrovias do Brasil at the Uzmar Shipyard in Turkey. There is an option for an additional two vessels. The Hidrovias fleet already includes a number of vessels operating with Wärtsilä engines, and their operational dependability and competitive lifecycle cost were cited as key considerations in the award of this latest contract…
Wasaline Inks 10-year Maintenance Deal with Wärtsilä
The technology group Wärtsilä and Wasaline, the Finnish–Swedish ferry operator, have signed a 10-year Optimized Maintenance agreement covering the company’s new ferry, the Aurora Botnia. The agreement was signed in June 2021, but became effective in September.Built at the RMC shipyard in Finland, the Aurora Botnia ranks among the most environmentally-friendly RoPax ferries in the world. The ship’s…
Wärtsilä and SHI Collaborate on Ammonia Fueled Engines
Finnish technology group Wärtsilä and Korean shipbuilder Samsung Heavy Industries (SHI) have teamed up to develop ammonia-fueled vessels as the cleaner burning fuel gains traction amid the maritime industry’s drive toward decarbonization.Under the joint development program (JDP) agreement signed between the two firms in July 2021, the partners will aim to develop ammonia-fueled vessels with four-stroke auxiliary engines available for future newbuild projects.Ammonia…
Ship of the Month: Mercy Ships and the Quest to Build Global Mercy
Mercy Ships is known globally for its charitable work performing medical procedures in developing countries. For the first time, the organization has a new ship, Global Mercy, recently delivered from a shipyard in China. Jim Paterson, Marine Executive Consultant, Mercy Ships takes Maritime Reporter & Engineering News inside the construction of the world’s largest civilian hospital ship.Jim Paterson…
Svanehøj Buys Wärtsilä Tank Control Systems
Finland-based marine equipment and technology firm Wärtsilä has sold Wärtsilä Tank Control Systems business to Svanehøj, a Danish gas pump specialist involved in the design and manufacture of specialized deep well pump solutions within the areas of gas pumps, fuel pumps, products and chemicals, and offshore products.Wärtsilä Tank Control Systems designs, builds, sells, and services measurement systems for gas tanks on LNG ships, offshore storage, and land-based LNG terminals.
