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
ABS, HZS, Wärtsilä Working on 'Future-ready' Multi-fuel Electric LNG Carrier
ABS, Hudong–Zhonghua Shipbuilding (HZS), and Wärtsilä have teamed to develop a flexible, future-ready, and modular concept for a future multi-fuel electric Liquefied Natural Gas Carrier (LNGC) vessel.The project will, partners say, apply various decarbonization technologies and solutions to the vessel design and operation models to investigate its performance against the International Maritime Organization’s…
Karstensens Shipyard Taps Wärtsilä Power for Newbuild FVs
Danish shipbuilder Karstensens Shipyard placed main propulsion equipment orders for two new fishing vessels with Wärtsilä. The first vessel is a custom designed 77-m overall length fishing vessel the ‘Christina S’, owned and operated by the Fraserburgh, Scotland based Simpson family’s Christina S Fishing Company in partnership with P&J Johnston. It will be powered by a Wärtsilä 31 main engine, and will also feature other Wärtsilä solutions including an NOx Reducer emissions reduction system…
Wärtsilä Upgrades Its 20DF Dual-fuel Engine
Wärtsilä introduced an upgraded version of its Wärtsilä 20DF dual-fuel engine that delivers increased power output, has a reduced environmental impact, and will feature a lower fuel consumption. It will also further increase the engine’s fuel flexibility by allowing a much wider gas quality span, down to methane number (MN) 65, while still delivering full output.The engine’s power per cylinder is increased from 185 to 195 kW…
Wärtsilä to Power Two New Australian RoPax Ferries
Finnish technology group Wärtsilä said it will supply the engines and fuel gas supply systems for two new Ro-Pax ferries being built at the Rauma Marine Constructions (RMC) yard in Finland for Australian ferry fleet owner and operator TT-Line Company Pty Ltd.TT-Line currently operates two ferries, Spirit of Tasmania I and Spirit of Tasmania II, both of which operate with Wärtsilä engines, on the route between Melbourne, Victoria and Devonport, Tasmania.
Brazilian River Tugs tap Wärtsilä for Maintenance Agreement
Wärtsilä signed a seven-year optimized maintenance agreement to support the operations of two river pusher tugs owned by Hidrovias do Brasil and operating in Northern Brazil. Both boats operate with Wärtsilä 20 engines, often in shallow waters and remote locations: challenging operating conditions make the planning and execution of maintenance difficult. Included in the agreement are Wärtsilä’s Data…
Wärtsilä Thrusters for Chinese Offshore Wind Vessels
Finland's marine engine and equipment maker Wärtsilä said Friday it would deliver the steerable and tunnel thrusters for two new wind farm turbine installation vessels being built for the China Three Gorges Corporation (CTGC), a China state-owned power company. The ships will serve China’s expanding offshore wind power sector. The orders were placed by CSSC Huangpu Wenchong Shipbuilding Co, the yard building a 2000-ton wind turbine installation vessel (WTIV)…
Wärtsilä Sees Rise in Order Intake. Expects Growth in 3Q
Finland-based marine and energy equipment maker Wärtsilä expects the third quarter of the year to be better than the corresponding one of 2020 but has warned that prevailing market conditions make the outlook uncertain.The company made the statement Tuesday as part of the release of its second-quarter results.In the second quarter of 2021, Wärtsilä's order intake grew by 14% to EUR 1,15 billion up from 1,01 billion a year ago.
Wärtsilä Wins Multi-engine Order for New Italian Ferry
Wärtsilä said it will provide the main and auxiliary engines, as well as the fuel storage and supply system, for a new Italian ferry designed to operate on liquefied natural gas (LNG).The vessel is under construction at the Sefine shipyard in Turkey and has been ordered by Caronte & Tourist Isole Minori, based in Milazzo, Italy.The 109.98-meter-long ferry will be capable of accommodating 800 passengers and up to 115 cars on two vehicle decks.
Crown LNG Awards FEED Deal to Aker Solutions for Offshore LNG Terminal in India
Norwegian group Crown LNG has signed a deal with Aker Solutions as the main contractor to deliver a concrete gravity-based structure (GBS) for Crown’s offshore LNG terminal at Kakinada, India.Under the agreement, Aker Solutions and key subcontractors will first conduct the front-end engineering and design for the LNG terminal. Aker Solutions’ scope includes technical development of the concrete foundation and topsides…
Wärtsilä to Supply Propulsion System for GEV's Hydrogen Vessel
The technology group Wärtsilä has signed a Memorandum of Understanding (MOU) with Global Energy Ventures (GEV) of Australia, a company specialized in delivering compressed shipping solutions for transporting energy to regional markets. The two companies will cooperate on the inclusion of Wärtsilä propulsion systems in GEV’s compressed hydrogen (C-H2) ships. The MOU was signed in Sydney, Australia.The…
Wärtsilä Tapped to Power BC's RAL-designed Escort Tugs
Wärtsilä was tapped to supply the main engines and liquefied natural gas (LNG) fuel gas supply systems for two new LNG-fueled escort tugs being built for Canada’s HaiSea Marine, a joint venture between the Haisla Nation and Seaspan Marine Transportation. Designed by Robert Allan Ltd., the vessels are under construction at Sanmar Shipyards in Turkey. They are expected to be two of the most environmentally advanced escort tugs operating in the coastal waters of British Columbia in Canada.
Wärtsilä Inks Services Deal with Nakilat
Wärtsilä said it has signed support agreements for liquefied natural gas (LNG) carriers owned by Qatar-based shipping company Nakilat.Wärtsilä is the supplier of the LNG reliquefaction systems onboard all of the QFlex vessels covered by the agreements, which were signed in April and are valid for five years. Under the contract terms, Wärtsilä will provide 24/7 technical remote support for the vessels’…
Wärtsilä Teams Up With Weathernews
Wärtsilä Voyage and Japan based weather routing provider Weathernews Inc (WNI) have signed a strategic partnership agreement enabling the integration of WNI’s weather forecasting data and Optimum Ship Routeing (OSR) service with Wärtsilä’s products and solutions. According to Wärtsilä, the move aims to increase navigational safety and support the decarbonization efforts of ship owners and operators.By automating navigation and route planning functions with weather avoidance technology…
Wärtsilä, RINA Propose "Novel Propulsion Arrangement"
Wärtsilä and classification society RINA announced a 'novel propulsion arrangement' that is designed to offer the benefits of full redundancy, less machinery, lower capital expenditure, reduced operational complexity, and optimized fuel consumption. The conventional approach in ship design has been to use 2-stroke engines for propulsion and 4-stroke engines for electric power generation. The Wärtsilä / RINA arrangement requires just two 4-stroke dual-fuel (DF) engines…
Selvåg Senior: New LNG-Powered Purse Seiner/Trawler cuts GHG 42%
As nations commit to reducing greenhouse gases, a fishing vessel is designed to do its share. Designed by Norway’s Skipsteknisk and Selvåg AS, it is in build at Cemre Shipyard for Sorheim Holding, the Selvåg Senior is a remarkable concept. Capable of both trawling and purse seining, the 79.5- x16.2-m vessel will have a molded depth of 6.9 m. The RSW holds, in the DNV-GL classed vessel, will have a total volume of just under 2550 cu. m..
Wärtsilä Wins VLGC Cargo Handling Systems Order
Wärtsilä was contracted to supply another of its gas cargo handling systems. The order was placed by Daewoo Shipbuilding and Marine Engineering (DSME) in April 2021. The Wärtsilä system will be installed in a 91,000 cbm capacity Very Large Gas Carrier (VLGC) vessel being built for a tanker operator.The system includes a liquefied petroleum gas (LPG) reliquefaction system for cargo condensing and an automated control system. Delivery of the equipment is scheduled for June 2022.
Maersk Supply Service Orders Wärtsilä Battery for Maersk Minder AHTS Vessel
Danish offshore support vessel owner Maersk Supply Service has ordered a battery pack for one of its M-class vessels, the Anchor Handling Tug Supply vessel Maersk Minder, as part of its plan to reduce the company's carbon intensity by 50% across its fleet in 2030.Mark Handin, COO of Maersk Supply Service said: "Maersk Supply Service is taking an active role in decarbonizing the offshore support vessel sector.
Wärtsilä Developing Autonomous Container Shuttle Service
Finnish marine equipment and technology company Wärtsilä said on Thursday it is working to develop an autonomous, emissions-free intra-port, inter-terminal container shuttle that would help address the emerging capacity bottleneck for internal container transportation.The project is part of an international alliance headed by the Port of Rotterdam Authority, which has this month been awarded nearly €25 million in EU funding to implement projects aimed at sustainable and smart port logistics.
Baleària's New High-speed Dual-fuel RoPax Eleanor Roosevelt Enters Service
Spanish shipping company Baleària has put into service its newest vessel, Eleanor Roosevelt, said to be the world’s first very large catamaran Ro-Pax ferry powered by dual-fuel reciprocating engines.Designed by Incat Crowther, the 123-meter-long aluminum vessel was built by Astilleros Armon at its Gijon shipyard in Spain using modular construction techniques. It is classed by Bureau Veritas.The Incat Crowther 123 Dual-Fuel Ro-Pax is powered by a quartet of Wärtsilä 16V31DF main engines.
Wärtsilä Wins Contract to Outfit VLGC Pair
Wärtsilä won a contract in April to supply the cargo handling and liquefied petroleum gas (LPG) fuel supply systems for two new very large gas carrier vessels (VLGC) being built for China-based Oriental Energy, a company mainly focusing on operation of PDH (Propane Dehydrogenation) factories and LPG trading.The 93,000-cubic-meter-capacity vessels are being built at the Jiangnan yard in China, and are among the largest of their type ever built.In addition to the cargo handling system…
