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
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Wartsila News
Wärtsilä Introduces CCS Solution for Maritime Industry
Technology group Wärtsilä has made its carbon capture solution (CCS) commercially available to the global maritime industry, aimed at accelerating the decarbonization of shipping.According to Wärtsilä’s tests, the new ‘Wärtsilä Carbon capture solution’ is proven to reduce vessel CO2 emissions by up to 70%, providing ship owners with an immediate solution to meet increasingly stringent environmental…
Wärtsilä Expands Introduces NextDF Technology for Third Engine
Technology group Wärtsilä has introduced its NextDF technology for a third engine, the Wärtsilä 46TS-DF dual-fuel engine. While operating on liquefied natural gas (LNG), the Wärtsilä 46TS-DF engine with NextDF feature reduces methane emissions to less than 1.4 percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. This is nearly three times lower than the default methane slip factor of 3.1 percent…
Wärtsilä, Höegh Evi Complete Development of World’s First Floating Ammonia-to-Hydrogen Cracker
Wärtsilä Gas Solutions and Höegh Evi have successfully completed development of the world’s first floating ammonia-to-hydrogen cracker. This technology enables floating import terminals to produce hydrogen at industrial-scale volumes from transported ammonia, marking a step in the energy transition. The project was announced in April 2023 and is part of Norway’s green platform program.The industrial…
In Maritime Propulsion, there is no 'one-size-fits-all' DPS for Vessels
If the dynamic positioning (DP) system went down on an offshore supply vessel, it could result in a collision. On a dive support vessel, it could result in injury or death for a diver. On a drilling rig, it could result in a blowout with loss of life, pollution and fire.Built-in redundancy is key to avoiding failures, and this in turn determines the thruster, electrical and engine configurations that are designed to enable DP systems.“There is no single…
Spark Gas Conversion Reduces Methane Slip on LNG Carriers
Wärtsilä has introduced a new methane slip reduction solution for its Wärtsilä 50DF dual-fuel engine. The new technology, which converts Wärtsilä 50DF dual-fuel (DF) engines to spark gas operation, enables a more optimized combustion process, thereby improving efficiency and lowering methane emissions.Whilst operating on LNG, the conversion is designed to reduce methane emissions up to 75% more than…
Wärtsilä’s Engines to Power South American Vessels
Technology group Wärtsilä has been selected to supply replacement engines for two inland waterway tug pusher vessels operating in Paraguayan rivers.The vessels are owned by ADM Naviera Chaco (ADM). The vessel modifications and new engine installations will be carried out in Asuncion-Paraguay.The new engines will enable a reduction of the environmental impact and increase the efficiency of the tug pushers.ADM’s stated target is to reduce emissions by 25% by 2035…
Wärtsilä Inks Lifecycle Agreement with Middle East’s Largest Dredger Fleet Operator
Technology group Wärtsilä has signed a five-year lifecycle agreement with NMDC Group, one of the largest dredging and marine contractors in the Middle East.The agreement will focus on optimizing the availability and operational efficiency of NMDC’s dredging fleet.It covers seven of NMDC’s dredgers, with the potential to expand the scope to additional vessels in the future.The scope includes a tailor-made maintenance program for the engine and propulsion equipment onboard the vessels…
Wärtsilä, Elomatic Ink Transverse Thruster Pact
Wärtsilä and Elomatic signed a licensing and cooperation agreement covering the intellectual property rights, technology, and use of trademark of Elomatic’s Elogrid thruster solution.Elogrid is a transverse thruster grid technology, which is designed to reduce vessels’ fuel consumption while also enhancing thrusters’ performance.This technology improves both the water flow along the hull lines once a vessel is sailing as well as the water flow into the tunnel when the thrusters are in use…
Wärtsilä makes Dow Jones Sustainability Index Again
Technology group Wärtsilä has been included as an index component of the Dow Jones Sustainability Index Europe (DJSI) for the ninth consecutive time.The company was assessed based on its 2023 performance and was ranked within the top four per cent of its peers in the IEQ Machinery and Electrical Equipment sector with a total score of 62/100. The results were announced on 13 December 2024.“Receiving…
Wärtsilä to power world’s largest methanol-ready cement carrier
Technology group Wärtsilä’s focus on supporting the marine industry’s efforts to decarbonize operations continues to drive concrete steps forward.The latest order is to supply a complete propulsion package for a 38,000 DWT methanol-ready cement carrier vessel. When built, this will be the world’s largest vessel of its type, and the first with a methanol-ready notation. The order has been placed by NovaAlgoma…
Wärtsilä Hooks Cargo Handling Supply Deal for Bangladeshi LPG Carrier
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the complete cargo handling system for a new fully pressurized LPG Carrier being built for Meghna Fresh LPG, part of the Bangladeshi Meghna Group of Industries.The group is one of the Bangladesh’s largest industrial conglomerates, and in addition to being the owner of the new ship, it also owns the shipyard where the vessel is constructed…
When it Comes to Workboat Engines, the Future is Flexible
Vessel owners are making new fuel choices, but increasingly, they have options to help reduce the risk of doing so.The latest engine developments aim to make it easier for owners to avoid the chicken-and-egg fuel price and availability risks of new fuels.As Roger Holm, President of Wärtsilä Marine and Executive Vice President at Wärtsilä Corporation recently pointed out, the challenge is that owners won’t commit to a fuel today that is expensive…
Wärtsilä NextDF Tech to Help Cut Vessel Methane Emissions
Wärtsilä introduced the NextDF feature for the Wärtsilä 25DF dual-fuel engine, which means while operating on liquefied natural gas (LNG), the NextDF feature reduces methane emissions to less than two percent of fuel use across all load points, achieving as low as 1.1 percent in a wide load range. What’s more, the nitrogen oxide (NOx) emissions are lower than on the standard Wärtsilä 25DF engine which already has low emission levels below IMO Tier III.Launched in 2022…
Wärtsilä to Provide Operational Support for Seven Capital Gas LNG Carriers
Technology group Wärtsilä has signed a five-year lifecycle agreement covering seven 174,000 m3 LNG Carrier vessels operated by Capital Gas Ship Management.The agreement with Wärtsilä will help Capital Gas to optimize the operations and maintenance of these seven vessels more effectively through 24/7 expert remote support and guidance for troubleshooting and maintenance using specialist diagnostic tools.It…
Wärtsilä Books Order for Handling and Fuel Gas Supply Systems
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply the cargo handling and fuel gas supply systems for six newbuild medium-sized gas carrier (MGC) vessels.The new vessels are built at the Jiangsu Yangzi-Mitsui (YAMIC) Shipbuilding yard in China for a Japanese shipowner.The YAMIC yard is a joint venture between Yangzijiang Shipbuilding Group and Mitsui E&S Shipbuilding.The…
Wärtsilä Lands System Order from Chinese Shipyard for Five New VLECs
Technology group Wärtsilä has secured an order from Jiangnan Shipyard to supply cargo handling and fuel gas supply systems for five new very large ethane carrier (VLEC) vessels.The ships are being built for Chinese owners. The order follows a similar order for cargo handling and fuel gas supply systems placed by the yard in 2023 for four VLECs.The new 99,000 m3 capacity VLECs are mainly designed to transport ethane…
Wärtsilä to Convert Engines on Chevron’s LNG Carriers to Cut Methane Emissions
Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions are intended to reduce greenhouse gas emissions by lowering methane slip in support of Chevron Shipping’s broader efforts to reduce the carbon intensity of…
Naval Power: Navies Increasingly Eye Alternative Fuels
Alternative fuels are not top of the list of naval requirements for gensets, but they are inching their way up.The naval world is largely exempt from the decarbonization pressure faced by commercial shipping, but it can’t ignore it entirely. As a famed naval strategist once said: “Fuel stands first in importance of the resources necessary to a fleet.”Navies must therefore consider their fuel supply…
Ammonia Fuelled Platform Supply Vessels to Cut GHG Emissions 70%
Eidesvik Offshore will refit its platform supply vessel (PSV) Viking Energy with an ammonia dual fuel engine, targeting 2026 as the year that the vessel will operate on ammonia for Equinor, effectively cutting GHG emissions by 70% or more.Viking Energy will switch to ammonia operations, in a move that should make it the world’s first in-service vessel to adopt the fuel as a primary energy source."This conversion is made possible by the support and investment from Equinor.
Wärtsilä Simulators to Support Singapore's Wavelink Maritime Institute
Wärtsilä has supplied its new dual-fuel engine simulator technology for Wavelink Maritime Institute (WMI), the maritime training arm of the Singapore Maritime Officer’s Union (SMOU).The navigational and technological simulators are a central feature of the recently-inaugurated simulation suite at WMI, and the technology is specifically designed to train seafarers in the latest efficiency concepts and…
