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
OPINION: Regulating Grey Water ... the Time is Now
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
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
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
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'
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
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
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 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
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
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).
Wagenborg Converts PSV for W2W Operations
Wagenborg Offshore said it has taken its third walk-to-work (W2W) vessel into service. The converted Keizersborg is used as a standby vessel for inspection and maintenance of unmanned platforms in both Dutch and British waters of the southern North Sea.The DP2 Keizersborg was originally designed as a platform supply vessel (PSV) by Wärtsilä and built by Wuhu Shipyard in China. It was converted in 16…
Wärtsilä to Test Marine Scrubbers for Carbon Capture
Wärtsilä Exhaust Treatment said exhaust gas abatement systems, also known as scrubbers, may soon be used to directly tackle maritime carbon dioxide (CO2) emissions as technology advances enable manufacturers to design and upgrade scrubbers to capture carbon at the point of exhaust.Wärtsilä said it has found carbon capture and storage (CCS) can be developed and scaled for ships, and that the solution…
Van Oord Inks Maintenance Deal with Wärtsilä
Finnish technology group Wärtsilä said it has expanded its partnership with Dutch marine contractor Van Oord with the signing of a nine-year renewal and extension to its Optimized Maintenance agreement. The new deal also expands on the original by adding Wärtsilä’s Expert Insight and Data Driven Maintenance solutions. It also enables the addition of technologies and maintenance procedures delivering…
Zeaborn to Integrate Wärtsilä Fleet Operations Solution
Hamburg-based third-party ship manager Zeaborn Ship Management (ZSM) has chosen Wärtsilä Voyage’s Fleet Operations Solution (FOS) as the digital navigation platform for its managed tanker fleet. Each of its 12 vessels will deploy the system, enabling ZSM to benchmark voyage execution, support the safety of the fleet and reduce crew workload.FOS integrates Electronic Chart Display and Information System…
LR Approval in Principle for Exmar Ammonia-fueled Gas Carrier
Classification society Lloyd’s Register (LR) said it has awarded an approval in principle (AIP) to Belgium-based shipping company Exmar for its ammonia (NH3) fueled 40,000-cubic-meter-capacity midsize gas carrier (MGC). China's Jiangnan Shipyard was responsible for the ship design while Wärtsilä Gas Solutions provided all input for the ammonia fuel gas supply system.LR said the Novel Technology Evaluation…
VIDEO: Wärtsilä’s Compact Reliq Aims to Optimize BOG Reliquification
As the maritime industry steams toward decarbonization, the path to zero emissions will include many stepping stones. Wärtsilä’s Compact Reliq is a step change in efficiently reliquefying boil off gas (BOG) on LNG carriers, as Lasse Wichstrøm and Sylvain Fabreguettes discuss with Maritime Reporter TV.LNG carriers have, for years, utilized boil off gas (BOG) to help fuel the ship, even before ‘decarbonization’…
Autonomy is a Journey: Wärtsilä Voyage Helps Define and Drive Maritime’s Automated Future
As the maritime industry faces numerous environmental and efficiency challenges, the future is ship automation and Wärtsilä Voyage is a driver. Sean Fernback, President, and Thomas Pedersen, Director, Automation & Dynamic Positioning, Wärtsilä Voyage discuss the path and the pace with Maritime Reporter TV.Sean, to start, it seems many define “autonomy” differently. How do you define Wärtsilä's smart-autonomy approach?Sean Fernback…
Wärtsilä Helps Siem Offshore Cut Emissions, Fuel Consumption
Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels.The two vessels, the Siem Helix 1 and Siem Helix 2, each operate with eight Wärtsilä 32 engines. The ships are operating in Brazil’s offshore oil fields.According to Wärtsilä, the 5-year agreement will ensure the optimal…
Wärtsilä Hybrid Package to Help Canadian RoRo Ferry Cut Consumption, Emissions
Wärtsilä’s will deliver its hybrid solution for a new RoRo ferry being built for the British Columbia Ministry of Transportation and Infrastructure at the Western Pacific Marine shipyard. When delivered the ferry will serve the Balfour – Kootenay Bay route across Kootenay Lake. “Wärtsilä was selected based on their experience, reputation, and know-how in developing, delivering, and supporting complex hybrid propulsion systems.
Wärtsilä, SAACKE Ink Maritime Equipment Deal
Finnish technology group Wärtsilä said it has signed a strategic partnership agreement with SAACKE, the Germany-based supplier of marine firing plants for seagoing vessels, offshore plants and liquefied natural gas (LNG) carriers.A central feature of the agreement is a cooperation regarding safety, in particular with Inert Gas Systems (IGS) and Gas Combustion Units (GCU), Wärtsilä said, adding that the deal will enable both partners to offer larger and more comprehensive scopes of supply…
