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  • This is Wärtsilä OpenClose subpages
    • CEO review
    • Wärtsilä in brief OpenClose subpages
      • Corporate strategy
      • Our targets OpenClose subpages
        • Financial targets
        • Sustainability targets
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    • Energy solutions OpenClose subpages
      • Operating environment
      • Strategy
      • Energy Solutions and sustainability
      • Energy Solutions' development in 2015
    • Marine Solutions OpenClose subpages
      • Operating environment
      • Strategy
      • Marine Solutions and sustainability
      • Marine Solutions' development in 2015
    • Services OpenClose subpages
      • Operating environment
      • Strategy
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      • Services' development in 2015
    • Manufacturing review
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  • Sustainability OpenClose subpages
    • Wärtsilä's sustainability approach
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      • Guiding principles OpenClose subpages
        • Code of Conduct
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      • Annual General Meeting
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      • The President & CEO and the Deputy CEO
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      • Values and the control environment
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      • Strategic risks
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      • The Wärtsilä share on Nasdaq Helsinki
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      • Financial information 2016
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    • Highlights 2015
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      • Market development
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  • Financials OpenClose subpages
    • Five years in figures
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    • Consolidated financial statements OpenClose subpages
      • Consolidated statement of income
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      • Notes to the consolidated financial statements OpenClose subpages
        • 1. Segment information
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    • Proposal of the Board
    • Auditor´s report
    • Quarterly figures 2014-2015

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Annual Report 2013

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Annual Report 2014

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Annual Report 2015

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q3 2015

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Annual Report 2016

Marine Solutions review

Wärtsilä Marine Solutions has a strong position in the marine and oil & gas industries. The company provides optimised, environmentally sustainable, and economically sound solutions that enhance the business of its customers. Wärtsilä’s reputation is based on a good understanding of customer businesses, design capabilities, a broad product portfolio, and technological leadership. The organisation is structured into end to end business lines with full control over sales, R&D, engineering, procurement, and manufacturing. This enables increased flexibility, fast decision-making, and the optimal utilisation of resources to provide superior customer service.

Serving both shipyards and ship owners

Wärtsilä’s marine customers comprise both shipyards and ship owners; the needs and demands of which differ significantly. The decision-making process of shipyard customers is typically affected by product prices, delivery times and reliability, project management, ease of installation, and the supplier's ability to manage large delivery scopes. Ship owners, on the other hand, require safe and efficient operations, reliability and support, as well as the availability of services. Their decision-making is also impacted by freight rates, interest rates, and the capital and operating costs of the ship. Furthermore, both ship owners and operators are having to increasingly consider factors such as environmental compliance and fuel flexibility in their decision-making.

Wärtsilä is committed to meeting the needs of all customer groups. Success is achieved through an in-depth understanding of their businesses, operating models, and requirements. This understanding is backed by an extensive network, a broad product portfolio, and the ability to be involved in the life of the vessel as early as the design process. This enables the company to support its customers throughout the lifecycle of their installations with products and solutions that best serve their business interests.

The broadest offering in the industry

Wärtsilä Marine Solutions is active in all the main vessel segments with a wide range of products, services, and solutions. The company understands the particular needs and requirements related to each of these segments – from the initial vessel design choices to everyday operations throughout the vessel’s lifecycle. The portfolio also covers gas systems for land-based installations, such as gas terminals. During 2015, Marine Solutions’ electrical and automation offering was strengthened through the acquisition of L-3 Marine Systems International (MSI). MSI has extensive experience in supplying automation, navigation and electrical systems, dynamic positioning technology, as well as sonar and underwater communications technology for a variety of vessel types and offshore installations.

Innovative and competitive products, delivered efficiently and with high quality, form the basis of Wärtsilä’s offering, which consists of:

  • Medium-speed diesel and dual-fuel engines
  • Low-speed engines sold through the Winterthur Gas & Diesel Ltd. (WinGD) joint venture
  • Propulsion systems and gears
  • Seals and bearings
  • Navigation and automation systems
  • Entertainment systems
  • Communication and control systems
  • Power distribution and management systems
  • Electric power drives and motors
  • Electrical design for complex vessels
  • Environmental solutions, including exhaust gas cleaning, ballast water management, and fresh water systems
  • Pumps and valves
  • Gas systems, including LNG and LPG handling, inert gas systems, compressors, liquefaction, regasification, and equipment for small-to-medium scale onshore gas installations
  • Ship design.

The ability to combine the products offered into larger systems and solutions supports the company’s strategy of being the main solutions provider to customers. This strategy provides added value to both shipyard and ship owner customers. Shipyard customers can focus on their areas of expertise and benefit from the risk of product interface problems being reduced, while ship owners can rely on benefits related to operations and maintenance.


Segment Vessel type Main offering*


LNG carriers 2-st (sold through the WinGD joint venture) and 4-st main dual-fuel engines, auxiliary engines, controllable pitch propellers (CPP), gearboxes, tunnel thrusters
Tankers, Containers, Bulkers 2-st engines (WinGD), auxiliary engines, fixed pitch propellers (FPP), tunnel thrusters, 4-st engines for smaller vessels, navigation and automation systems, electric power distribution
Other: cargo, RoRo, car carriers, LPG carriers All of the above


Floating exploration: drillships, semi-submersibles, etc. 4-st engines, steerable thrusters, tunnel thrusters, vessel automation systems, electric power distribution, gearboxes
Floating production units: FPSO's, FSO, floating LNG, etc. 4-st engines, steerable thrusters, tunnel thrusters, CPP, vessel automation systems, electric power distribution, gearboxes
Service/Supply vessels: OSV's, PSV's, AHTS, AHS 4-st engines, steerable thrusters, tunnel thrusters, CPP, electrical propulsion systems, ship design, automation systems, gearboxes
Other: crane vessels, pipelayers, accommodation vessels All of the above
Cruise and Ferry

Cruise vessels 4-st engines, FPP, tunnel thrusters, navigation, entertainment and automation systems, electric propulsion and power distribution
Ferries 4-st engines, CPP, FPP, steerable thrusters, tunnel thrusters, navigation, entertainment and automation systems, electric propulsion and power distribution
Other: ro-pax, yachts All of the above
Special vessels

Tugs 4-st engines, FPP, steerable thrusters, tunnel thrusters, vessel automation systems, ship design
Dredgers 4-st engines, CPP, FPP, steerable thrusters, tunnel thrusters, vessel automation systems
Other: fishing vessels, ice breakers, research vessels, work boats, inland waterway vessels All of the above
Navy Frigates, corvettes, patrol vessels, aircraft carriers, destroyers, submarines, support vessels Waterjets, seals and bearings, tunnel thrusters, 4-st engines, navigation and automation systems, electric propulsion and power distribution, underwater communication, sonar systems

* Excluding Wärtsilä Hamworthy's offering, which can be installed in nearly all ship types.

Growth through gas, environmental solutions and efficient vessels

Wärtsilä Marine Solutions is uniquely positioned for growth driven by the increasing availability and use of gas as a marine fuel, the introduction of new environmental regulations, and the increased demand for more efficient vessels.

Stricter environmental regulations are driving the interest in gas as a marine fuel, as well as in emissions abatement technologies, such as exhaust gas cleaning systems and ballast water treatment systems. Marine Solutions offers its customers alternative solutions for meeting these requirements in a way that best meets the needs of their businesses and operating models, both as part of new build projects and as retrofits to vessels already in operation.

Wärtsilä’s market leading offering for the gas segment consists of gas fuelled engines, gas conversions, and gas handling systems. There is a complete offering for each step in the gas value chain, from product level to entire LNG terminals with the latest technology and innovations. In 2015, the company introduced a new LNG storage and regasification barge concept. This innovative solution provides a flexible means of meeting small to medium scale requirements where pure land-based LNG options are limited.

Wärtsilä has a strong position in exhaust gas cleaning systems, with the most extensive reference list on the market. Today, the portfolio of SOx scrubber systems is the broadest in the industry and consists of closed loop systems for fresh water use, open loop systems for seawater use, and a combination of the two, i.e. the hybrid system. For NOx reduction and IMO Tier III compliance Wärtsilä provides its customers with products based on the selective catalytic reduction (SCR) technology. For ballast water treatment, customers can select systems based on the two most common technologies: ultraviolet treatment and electro-chlorination.

Efficiency is one of the top concerns for ship owners and operators. Wärtsilä’s in-depth expertise and system skills help to optimise the efficiency of vessels and make it possible for customers to achieve the performance, cost, and environmental compliance parameters that specifically match their operating profile.


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