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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 Tapped to Power BC's RAL-designed Escort Tugs
![Image courtesy Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-wrtsil-123772.png)
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
![An LNG carrier owned by Qatar-based Nakilat (Photo: Nakilat)](https://images.marinelink.com/images/maritime/w200h200c/an-lng-carrier-owned-by-123757.jpg)
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
![Bridge system, for illustrative purposes only. © Wärtsilä Corporation](https://images.marinelink.com/images/maritime/w200h200c/bridge-system-for-illustrative-purposes-123678.jpg)
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"
![The new propulsion arrangement designed by Wärtsilä and RINA offers a future-proof and efficient alternative to conventional designs. © Wärtsilä Corporation](https://images.marinelink.com/images/maritime/w200h200c/the-new-propulsion-arrangement-designed-123484.png)
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%
![Image courtesy Skipsteknisk and Selvåg AS](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-skipsteknisk-and-selvg-123454.jpg)
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
![Image courtesy Wärtsilä](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-wrtsil-123297.jpg)
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
![Maersk Minder - Credit: Maersk Supply Service](https://images.marinelink.com/images/maritime/w200h200c/maersk-minder-credit-maersk-supply-123166.jpg)
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
![(Photo: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/photo-wrtsil-123159.jpg)
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
![(Photo: Incat Crowther)](https://images.marinelink.com/images/maritime/w200h200c/photo-incat-crowther-123146.jpg)
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 delivers Cargo Handling and LPG Fuel Supply Systems for two new VLGCs for Oriental Energy. © Oriental Energy](https://images.marinelink.com/images/maritime/w200h200c/wrtsil-delivers-cargo-handling-and-122709.jpg)
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…
OPINION: Regulating Grey Water ... the Time is Now
![© lancesagar/AdobeStock](https://images.marinelink.com/images/maritime/w200h200c/lancesagaradobestock-122621.jpeg)
The IMO’s MARPOL Annex IV is being revised to confirm the lifetime performance of Sewage Treatment Plants (STPs). This may finally bring about grey water regulation – a necessity that is long overdue.Black Water and Grey WaterA ship’s sewage (black water) is collected from toilets, urinals and hospitals. The IMO’s MARPOL Annex IV prohibits its discharge, except when treated by an STP or discharged at > 12nm from the nearest land.
Fratelli Cosulich Orders LNG Bunkering Vessel in China
![Credit: Fratelli Cosulich Group](https://images.marinelink.com/images/maritime/w200h200c/credit-fratelli-cosulich-group-122607.jpg)
Italian firm Fratelli Cosulich Group has ordered a liquefied natural gas (LNG) bunkering vessel. The ship, which will be built in China, at the CIMC SOE shipyard, with its approximately 5,300 tons of DWT will be able to transport over 8,000 m3 of LNG and 500 m3 of MGO for bunkering. The vessel will be equipped by Wartsila, a Finland-based company specializing in the manufacture of propulsion and power generation systems for marine use with Dual Fuel technology.
Wärtsilä Unveils Solution for Chinese Marine Engine Emissions Standard
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-122376.png)
Wärtsilä will introduce a combined engine plus selective catalytic reduction (SCR) packaged product aimed at complying with China’s Stage II marine engine emission standard that enters into force in July 2021. The standard will apply to inland waterway, coastal, river-sea, channel and fishing vessels operating in most rivers and around the country’s major harbor areas.Expected to be launched to the market in the third quarter of 2021…
Latsco Inks LNG Carrier Maintenance Deal with Wärtsilä
![The Hellas Diana is one of the two vessels in the Latsco LNG Marine Management fleet to be covered by the latest maintenance deal. (Photo: Latsco LNG Marine Management)](https://images.marinelink.com/images/maritime/w200h200c/the-hellas-diana-is-one-122260.jpg)
Greece-based Latsco LNG Marine Management has signed a five-year maintenance agreement with Wärtsilä covering the main engines for two large liquefied natural gas (LNG) carriers, the Hellas Diana and the Hellas Athina.The deal signed in March 2021 covers two new vessels built at the Hyundai Heavy Industries (HHI) yard in South Korea. They are 297 meters in length and have a cargo capacity of 174,000 cubic meters.
Wärtsilä CEO: Order intake 'Stable', but COVID Impact still a 'Burden'
![Hakan Agnevall, Wärtsilä President and CEO. ©2021 Wärtsilä Corporation](https://images.marinelink.com/images/maritime/w200h200c/hakan-agnevall-wrtsil-president-and-122170.jpg)
In announcing its 2021 Q1 interim financials, Wärtsilä said that while order intake is stable, COVID-19 continues to burden net sales and profitability. Looking ahead, while it sees near-term demand as "somewhat better", it noted that visibility "remains limited" and prevailing market conditions "make the outlook uncertain."Highlights of the January to March 2021 period include:Order intake was stable at EUR 1…
Inside the Red-Hot Offshore Wind Energy Market
![Louis Dreyfus Armateurs owned SOV Wind of Change. Photo courtesy Cemre Shipyard](https://images.marinelink.com/images/maritime/w200h200c/louis-dreyfus-armateurs-owned-sov-122047.jpg)
As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics marketplace gears up for offshore wind energy on a huge scale, World Energy Reports (WER), in its report “2021 The Year When Offshore Wind Takes Off in the United States,” shows the anticipated growth trajectory.
Wärtsilä to Supply Navigation Systems for 10 Arctic LNG Carriers
![(Image: Wärtsilä)](https://images.marinelink.com/images/maritime/w200h200c/image-wrtsil-122046.jpg)
Wärtsilä Voyage has signed a contract to deliver radio and integrated navigation systems for 10 icebreaking liquefied natural gas (LNG) carriers to be constructed for the Arctic LNG-2 project.The order was placed in January 2021 and is now in process of execution, in partnership with South Korean shipbuilder Samsung Heavy Industries Co. Ltd shipyard. The new contract is an extension of the announcement made last summer…
Finnish Patrol Boat to Test Bio LNG Fuel
![The Finnish Border Guard’s patrol vessel the Turva operates with Wärtsilä dual-fuel engines capable of running on Bio LNG fuel. (Photo: Finnish Border Guard)](https://images.marinelink.com/images/maritime/w200h200c/the-finnish-border-guards-patrol-121718.jpg)
The Finnish Border Guard is testing bio liquefied natural gas (LNG) as fuel for a coastguard patrol vessel in an effort to lower greenhouse gas (GHG) emissions, thereby lessening the impact on global warming.The 96 meter long vessel Turva is fitted with Wärtsilä dual-fuel engines and has been supported with a Wärtsilä maintenance agreement since its launch in 2014. The Bio LNG fuel is supplied by Gasum, a Finnish state-owned biogas refiner.
Minerva Gas Inks Maintenance Deal with Wärtsilä
![Minerva Kalymnos is one of five Minerva Gas LNG carriers to be covered by long-term Wärtsilä maintenance agreements. (Photo: Minerva Gas)](https://images.marinelink.com/images/maritime/w200h200c/minerva-kalymnos-is-one-of-121596.jpg)
The technology group Wärtsilä said it has signed long-term maintenance agreements covering five liquefied natural gas (LNG) carriers owned and operated by Greece-based Minerva Gas Inc.Included in the scope of the agreements is Wärtsilä’s Expert Insight, a service that leverages artificial intelligence (AI) and advanced diagnostics to monitor equipment and systems in real-time, spot anomalies, foresee potential problems…
Wärtsilä to Deliver Cargo Handling and Fuel Supply Systems for Six VLGCs
![(Photo: Petredec)](https://images.marinelink.com/images/maritime/w200h200c/photo-petredec-121269.png)
Finnish tech company Wärtsilä said it has won a contract to equip six new 93,000 cubic meter capacity liquid petroleum gas (LPG) carriers being built at the Jiangnan Shipyard in China for Singapore-based Petredec. The order with Wärtsilä was placed in March 2021.The newbuilds, to be among the largest of their type ever built, will be fitted with Wärtsilä’s cargo handling system and LPG fuel supply system (LFSS).