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 Scrubbers for Korean Ferry Newbuild
Wärtsilä said it has been contracted to supply its exhaust gas cleaning system for a new Korean ferry being built for Weidong Ferry at the Hyundai Mipo Dockyard. The system will consist of two 13 MW Open Loop V-SOx Scrubbers specifically optimized for the new vessel, a 31,000 gross tonnage RoPax ferry to be operated by Weidong Ferry between Korea and China. The contract with Wärtsilä, which was booked in January 2017…
Wärtsilä Invests in Turbocharger Services
Wärtsilä said it has invested to expand its offering and global service workshop footprint in turbocharger services. Wärtsilä has more than 20 service workshops globally equipped with full capability to service turbochargers, and with its recent investment the company is able to offer turbocharger services coupled with engine knowhow in flexible cooperation with other Wärtsilä service centers. Customers…
Wärtsilä 34DF Engines Certified EPA Tier III
Wärtsilä said it has been awarded model year 2017 certification of emissions compliance from the U.S. Environmental Protection Agency (EPA) for its Wärtsilä 34DF dual-fuel engine family. The EPA Tier III certification and the corresponding EIAPP certificate were both issued in March 2017. The Tier III certification of conformity covers the Wärtsilä 34DF engines manufactured from the date of issue until the end of 2017.
High Speed Catamaran Powered by Wärtsilä Waterjets
Wärtsilä has been contracted to provide the waterjets for a new high speed ferry being built by the Incat Tasmania yard in Australia for Malta based Virtu Ferries. When delivered, this vessel will be the largest high speed catamaran operating in the Mediterranean Sea, and will have a service speed of up to 38 knots. The order with Wärtsilä was booked in March 2017. The scope of supply covers four Wärtsilä LJX1500SRI waterjets and a Lipstronic control system.
Wärtsilä to Power LNG Offshore Construction Vessel
Wärtsilä is to supply the engines and other propulsion machinery for a new offshore construction vessel being built at the Cosco shipyard in China. The ship owner is Belgian operator Dredging International (DEME). This will be the first vessel of its kind to be fueled by liquefied natural gas (LNG) and in addition to the dual-fuel engines, Wärtsilä will also provide its LNGPac fuel storage and supply system and propulsion systems.
Wärtsilä to Power Norwegian Trawler Newbuild
Wärtsilä has been awarded a contract to provide the propulsion machinery for a new purse seine fishing trawler ordered by Strand Senior AS, a subsidiary of Strand Havfiske AS based in Norway. The vessel will be built at the Karstensen Skibsvaerft shipyard in Denmark. The Wärtsilä order was booked in March 2017. In specifying that an innovative and highly efficient vessel was required, the owners specifically emphasized that the propulsion system should be centered on the Wärtsilä 31 engine.
Wärtsilä to Provide Solutions for Höegh FSRU, LNG Vessels
The technology group Wärtsilä has been contracted to provide both equipment and maintenance for FSRU and LNG carrier vessels of Norway based operator, Höegh LNG. The orders were booked in the first quarter of 2017. Two new 170,000 m3 LNG carrier vessels being built for Höegh LNG at the Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) shipyards in Korea will each be powered by four Wärtsilä 50DF dual-fuel engines. There is an option for a further three vessels in the SHI series.
Wärtsilä BWMS Selected by Minerva Marine
The technology group Wärtsilä has agreed to supply globally operating tanker vessels managed by Minerva Marine with Aquarius ballast water management systems (BWMS). The agreement covers the retrofit of several vessels and represents an important milestone in the BWMS retrofit market. The main BWMS chosen for tankers managed by Minerva Marine Inc. is the Wärtsilä Aquarius ATEX compliant Electro Chlorintation EX…
Wärtsilä to Optimize Performance for Songa Offshore Drill Rigs
The technology group Wärtsilä has signed a five-year technical management and services agreement with Songa Offshore for four Cat-D type semi-submersible drilling rigs operating in the North Sea. Through the partnership with Wärtsilä, Songa Offshore ensures optimal performance and maximum availability of the Wärtsilä engines and thrusters on board the drilling rigs, which operate in extremely harsh conditions.
Wärtsilä Launches SmartPredict
The technology group Wärtsilä launches its latest innovation SmartPredict at this year's Seatrade Cruise Global exhibition in Fort Lauderdale, Fla. from March 13 to 16. Developed by the company's dynamic positioning unit, SmartPredict is designed to provide safer and more efficient vessel operations by reducing the risks associated with maneuvering. The system displays the vessel's predicted future position and heading…
CSSC, Wärtsilä Form Electrical & Automation Joint Venture
Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A), will focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications. The joint venture company is expected to be fully operational before the middle of 2017.
Wärtsilä joins battle against ocean plastics
The Finnish technology group Wärtsilä has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans.
Wärtsilä BWM Systems for CMA CGM Newbuilds
Four new 3,300 TEU containerships being built for the French shipping group CMA CGM will feature Wärtsilä Ballast Water Management Systems (BWMS). This is the third…
Carnival, Wärtsilä Partner on Ship Performance
Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability. The performance-based agreement provides for shared financial incentives and exposure based on outcomes for both companies. The value of the long-term agreement is approximately EUR 900 million.
Wärtsilä CSSC JV Opens Factory in China
CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new…
Wärtsilä Repowers Italian Ferry
The Italian ferry company Moby S.p.A has chosen Wärtsilä to carry out the repowering of its passenger ferry MV Moby Zaza, the final vessel in a series of repowering…
Wärtsilä Helps Optimize Albacora's Fishing Fleet
Wärtsilä has signed a long-term Technical Management Agreement to optimize the performance of 10 of the Spanish company Albacora S.A.'s fishing vessels. The five-year agreement was tailored to meet the requirements of Albacora's fleet management, providing technical assistance and maintenance planning for fishing vessels operating around the world. Wärtsilä has previously provided Albacora with engines and propulsion systems as well as seals and bearings.
Wärtsilä EnergoProFin for CPP, FPP
Wärtsilä EnergoProFin is a state-of-the-art energy saving solution that increases propeller efficiency and creates fuel savings of up to five percent. The solution…
ENGIE, Wärtsilä to Develop Small Scale LNG Markets
ENGIE has signed a Memorandum of Understanding (MoU) with Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and…
Wärtsilä to Power Chinese Sand Pumping Vessel
The Wärtsilä Yuchai Engine Company Limited (WYEC), a joint venture company founded in 2013, has been contracted to supply two 16-cylinder Wärtsilä 32 engines for a large new sand pumping vessel. The ship is being built at the Dongguan Xiandai Shipbuilding yard for a private Chinese operator, and the order with WYEC was placed in September. The ship will operate on both heavy fuel oil (HFO) and marine diesel oil (MDO).
